Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,765,000
Office Spaces
510 Main St Wichita, KS 67203-3704
Entity Owned
1-yr Hold
Free & Clear
Property ID
US33-0229079
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1888
Total area
68,914 SF
Lot
2.79 ac (121,532 SF)
APN
087-124-17-0-44-09-001.00
UPID
US33-0229079
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
-
Sedgwick County Human Resource County Government Office
-
Sedgwick County Community Development County Government Office
-
Sedgwick County ERP County Government Office
-
Sedgwick County Affirmative County Government Office
-
Sedgwick County Historic Courthouse County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$3.77M
Owner & transaction history
Bank Of America NA · 1 yrs held
Bank Of America NA
since 2024
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.2M
+64.7%
Auto repair, garage
$5.9M
+55.8%
Warehouse, storage
$5.1M
+36.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,765,000
Current use
OFFICE BUILDING
$6,205,000
Change: +65% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,870,000
Change: +56% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,145,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$4,915,000
Change: +30% · Conversion: Easy
MEDICAL BUILDING
$4,775,000
Change: +27% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,205,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$3.77M
Range $3.39M – $4.14M · ±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
$55 / 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
Land market value
$1,213,400
Improvement market value
$5,276,530
Total market value
$6,489,930
Applied tax rate
6,787.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1888
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
6
Total area
68,914 SF
Lot
2.79 ac (121,532 SF)
APN
087-124-17-0-44-09-001.00
UPID
US33-0229079
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
COMMERCIAL (GENERAL) Current
Est. value
$3.8M
OFFICE BUILDING
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$5.1M
RETAIL STORES
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
MEDICAL BUILDING
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
1888
Heating
HOT WATER
Cooling
Yes
Stories
6
Buildings
2
Lot
2.79 ac
Current owner
From public records · entity-resolved
Bank Of America NA
Entity
Free & Clear · 1 yrs held
Mailing address
8950 N CYPRESS WATERS BLVD STE #640, COPPELL, TX 75019-4620
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Dec 9, 2024
$65,844
Bank Of America NA
Perry A Hayden
Deed
related
—
Sep 25, 2024
$106,140
Nationstar Mortgage LLC
John E Keys
Sheriffs Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 510 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
