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Property profile & analytics
OFF-MARKET
Estimated value
$9,265,000
Garden apartment buildings
4910 21st N St Wichita, KS 67208-1651
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US33-0000259
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2019
Total area
69,425 SF
Lot
3.91 ac (170,320 SF)
APN
087-121-01-0-33-01-020.02
UPID
US33-0000259
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
-
Altitude at Wichita Apartment Building Furnished Apartment Building
-
Sun Mart (Bike/Boat/Book/etc) Store Cosmetic Store
-
ATM Atm
-
Gilkey Tax Services Tax Preparation
-
Thomas L Nelson Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.20M
Comparable Approach
Comparable
$10.33M
Blend (final)
Blend
$9.27M
Owner & transaction history
Tailwind Wichita LLC · 3 yrs held
Tailwind Wichita LLC
since 2023
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.8M
+17.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,875,000
6.5%
$8,195,000
7%
$7,610,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,470,000
Current use
OFFICE BUILDING
$8,785,000
Change: +18% · Conversion: Moderate
RESTAURANT
$7,395,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,165,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$9.27M
Range $8.34M – $10.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$133 / SF
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
$182,685
Tax year 2023
Assessed value
$1,726,001
Assessed 2024
Previous assessed
$1,580,307
+9.2% YoY
Effective rate
10.58%
On assessed value
Assessed land
$19,596
Assessed improvement
$1,706,405
Land market value
$170,400
Improvement market value
$14,838,300
Total market value
$15,008,700
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2019
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
4
Units
90
Total area
69,425 SF
Lot
3.91 ac (170,320 SF)
APN
087-121-01-0-33-01-020.02
UPID
US33-0000259
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.5M
OFFICE BUILDING
Est. value
$8.8M
RESTAURANT
Est. value
$7.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Heating
YES
Cooling
Yes
Stories
4
Buildings
3
Units
90
Lot
3.91 ac
Current owner
From public records · entity-resolved
Tailwind Wichita LLC
Entity
Mailing address
530 S FRNT ST STE #100, MANKATO, MN 56001-3850
Ownership since
2023
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
Apr 25, 2025
—
Tailwind Wichita Ll
—
Deed
related
$12,300,000 · West Bank
May 1, 2023
—
Tailwind Wichita LLC
Breckenridge Group Wichita Kansas L
Warranty Deed
$11,587,500 · West 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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