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Property profile & analytics
FOR SALE
Strip malls
4900 E Lincoln St Wichita, KS 67218
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US33-0452922
For Sale
1 / 3
$900,000
4900 E Lincoln St, Wichita, KS 67218
View Listing →
Property summary
AI-generated overview
This exceptional Wichita, Kansas retail investment opportunity encompasses a fully leased, 8,670 square foot center situated on a 0.82-acre lot. The property, comprised of two buildings, boasts a diverse tenancy including an auto shop, bar, and restaurant, ensuring consistent income. Built in 1970, 4930 E. Lincoln underwent a significant renovation in 2023, featuring a new roof, updated HVAC system, new overhead doors, and plumbing upgrades. The property currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $77,232, representing an attractive 8.6% capitalization rate. The asking price is $900,000, with seller financing available requiring a 12% down payment. The property is zoned LC and features a gross lease structure. 2023 property taxes totaled $5,438.11. Financial details are available upon request. This is a prime opportunity for investors seeking a stable, high-performing retail asset in a desirable Wichita location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1970
Construction
FRAME
Total area
3,970 SF
Lot
0.82 ac (35,719 SF)
APN
087-127-25-0-23-02-019.00
UPID
US33-0452922
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Disco Tienda Tovar (Bike/Boat/Book/etc) Store
-
Carnicería El Güero No. 2 Take-out & Catering Butcher
-
Barri Agent Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1 Wichita Investments LLC · 4 yrs held
1 Wichita Investments LLC
since 2022
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wichita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wichita submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,438
Tax year 2023
Assessed value
$49,500
Assessed 2024
Previous assessed
$47,150
+5.0% YoY
Effective rate
10.99%
On assessed value
Assessed land
$17,825
Assessed improvement
$31,675
Land market value
$71,300
Improvement market value
$126,700
Total market value
$198,000
Applied tax rate
6,702.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1970
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
2
Total area
3,970 SF
Lot
0.82 ac (35,719 SF)
APN
087-127-25-0-23-02-019.00
UPID
US33-0452922
Jurisdiction
SEDGWICK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
1 Wichita Investments LLC
Entity
Mailing address
1532 N WOODRIDGE DR, WICHITA, KS 67206-3604
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
—
1 Wichita Investments LLC
—
Deed
related
$560,000 · Ks Statebank
Mar 1, 2022
—
1 Wichita Investments LLC
Homer Morgan Revocable Trust
Deed
$324,275 · The Stock Exchange Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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