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Property profile & analytics
OFF-MARKET
Estimated value
$29,700,000
Outlet malls
501 Pawnee St Wichita, KS 67211-4944
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US33-0556745
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2004
Total area
207,402 SF
Lot
21.42 ac (933,055 SF)
APN
087-212-04-0-22-01-001.00
UPID
US33-0556745
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
-
Walmart House Cleaning Services Hardware & Home Improvement
-
Walmart Home Services Social Service Agency
-
Walmart Home Theater Installation Electrical Service General Contractor
-
Walmart Baby & Nursery Services Social Service Agency Community Center
-
Walmart Pet Services Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$32.62M
Comparable Approach
Comparable
$26.79M
Blend (final)
Blend
$29.70M
Owner & transaction history
River Walk Best Living LLC · 4 yrs held
River Walk Best Living LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$25.5M
+20.5%
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%
$35,335,000
6.5%
$32,620,000
7%
$30,290,000
Alternative Use
Use
Estimation
RETAIL STORES
$21,180,000
Current use
RESTAURANT
$25,515,000
Change: +20% · Conversion: Easy
OFFICE BUILDING
$19,600,000
Change: -7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$19,295,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$29.70M
Range $26.73M – $32.67M · ±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
$143 / 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
$334,463
Tax year 2023
Assessed value
$2,903,625
Assessed 2024
Previous assessed
$2,903,625
+0.0% YoY
Effective rate
11.52%
On assessed value
Assessed land
$489,925
Assessed improvement
$2,413,700
Land market value
$1,959,700
Improvement market value
$9,654,800
Total market value
$11,614,500
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2004
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
207,402 SF
Lot
21.42 ac (933,055 SF)
APN
087-212-04-0-22-01-001.00
UPID
US33-0556745
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
RETAIL STORES Current
Est. value
$21.2M
RESTAURANT
Est. value
$25.5M
OFFICE BUILDING
Est. value
$19.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.3M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2004
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
21.42 ac
Current owner
From public records · entity-resolved
River Walk Best Living LLC
Entity
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2021
—
River Walk Best Living LLC
Riverwalk Shores LLC
Special Warranty Deed
$27,000,000 · Wells Fargo Bank NA
Apr 12, 2016
—
Riverwalk Shores LLC
Riverwalk LLC
Re-recorded Document
related
—
Jul 10, 2015
—
Riverwalk Shores LLC
Riverwalk LLC
Special Warranty Deed
$14,714,000 · Pnc Bank NA
Jun 11, 2015
—
Riverwalk Shores LLC
Pr Shores LLC
Special Warranty Deed
—
Feb 27, 2012
—
Lan Nguyen Mong
Big Sky Land & Cattle LLC
Warranty Deed
$165,000 · Andover State Bank
Dec 1, 2011
—
Pr Shores LLC
Shores LP
Warranty Deed
$8,195,000 · Boone County National Bank
Sep 19, 2005
—
Riverwalk Lcl
River Walk Apartments LLC
Warranty Deed
—
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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