Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    515 Main St, Unit 406 Wichita, KS 67202-3712

    • High-rise multifamily apartments
    • 1,108 SF
    OFF-MARKET
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US33-0569402
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tim Stockton, Platinum Realty / Real Estate Agent
    • JACKIE KENNEDY, Platinum Realty / Real Estate Agent
    • Eric Petre, Platinum Realty / Real Estate Agent
    • Debbie Jimmerson Real Estate @ Platinum Realty / Real Estate Agent
    • Lynn O'Donnell, Real Brokerage / Real Estate Agent

    Property Details for 515 Main St

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    1,108 SF
    Property type
    High-rise multifamily apartments
    APN
    087-124-20-0-43-10-001.45
    APU
    87124200431000145

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $215,000

    • CAP approach

      CAP return
      Estimation
      6%
      $320,000
      6.5%
      $325,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $325,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $345,000
      Retail
      $350,000
      Mixed-Use
      $275,000
      Hospitality
      $265,000
      Educational
      $330,000
      Residential Income
      $355,000
      Energy
      $360,000
      Income-Based Land
      $335,000
      Food Service
      $330,000

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3389
    Latitude
    37.6814
    CBSA code
    48620
    CBSA name
    WICHITA, KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,932
    $3,841
    $23,219
    $27,060
    -
    $33,400
    $201,900
    $235,300

    Comparable in this City

    • Value Estimation by Request
      4,050 SF

      515 Main St, Unit 512

      HIGH-RISE APARTMENTS • 4,050 SF
      515 Main St, Wichita, KS 67202-3719
      View Details
    • Value Estimation
      $225,000
      1,455 SF

      515 Main St, Unit 205

      HIGH-RISE APARTMENTS • 1,455 SF
      515 Main St, Wichita, KS 67202-3705
      View Details
    • Value Estimation
      $265,000
      1,455 SF

      515 Main St, Unit 208

      HIGH-RISE APARTMENTS • 1,455 SF
      515 Main St, Wichita, KS 67202-3708
      View Details
    • Value Estimation
      $265,000
      1,455 SF

      515 Main St, Unit 304

      HIGH-RISE APARTMENTS • 1,455 SF
      515 Main St, Wichita, KS 67202-3709
      View Details
    • Value Estimation
      $255,000
      1,455 SF

      515 Main St, Unit 311

      HIGH-RISE APARTMENTS • 1,455 SF
      515 Main St, Wichita, KS 67202-3711
      View Details
    • Value Estimation
      $255,000
      1,455 SF

      515 Main St, Unit 403

      HIGH-RISE APARTMENTS • 1,455 SF
      515 Main St, Wichita, KS 67202-3712
      View Details

    Similar Nearby for Sale

    • $1,885,000

      338 Mead St

      Individual retail properties
      338 Mead St, Wichita, KS 67202
      View Details
    • Contact for pricing
      15,700 SF

      Historic Fire Station Office Space

      Unique office and co-working spaces in downtown Wichita.
      500 S Topeka St, Wichita, KS 67202
      View Details
    • Contact for pricing
      6,500 SF

      Versatile Showroom/Warehouse/Shop Space

      6,500 SF showroom, warehouse, and shop space in Wichita.
      Wichita, KS 67202
      View Details
    • $2,395,000
      17,826 SF

      Adaptable Downtown Wichita Property

      Downtown Wichita property suitable for retail, office, event, or flex.
      343 N Rock Island St, Wichita, KS 67202
      View Details
    • $2,700,000
      20,000 SF

      Downtown Wichita Commercial Property

      20,000 SF commercial property with office and warehouse space.
      410 N Saint Francis Ave, Wichita, KS 67202
      View Details
    • $650,000
      6,500 SF

      157 S Washington St.

      Flex space • 6,500 SF
      157 Washington St, Wichita, KS 67202
      View Details

    Similar Nearby for Lease

    • $1,395 /Mo
      31,886 SF

      Renovated Commercial Space with Amenities

      Commercial space in historic building with modern amenities for rent.
      108 E 2Nd St N, Wichita, KS 67202
      View Details
    • Contact for pricing
      61,155 SF

      Downtown Wichita Executive Office Space

      Modern office suites, prime location.
      645 Douglas Ave, Wichita, KS 67202
      View Details
    • $22 SF/Yr
      5,000 SF

      Downtown Wichita Retail Space

      Prime Retail/Office near KU/WSU Campus
      333 English St, Wichita, KS 67202
      View Details
    • $8 SF/Yr
      12,000 SF

      Downtown Wichita Office Space

      12,000 SF office space for lease in Downtown Wichita.
      434 N Main St, Wichita, KS 67202
      View Details
    • Contact for pricing
      4,391 SF

      Renovated Class A Office Space

      Historic building renovated into Class A office space.
      165 S Rock Island St, Wichita, KS 67202
      View Details
    • $19 SF/Yr
      100,000 SF

      Historic Union Station Office Space

      Downtown Wichita Office Suites Available
      701 Douglas Ave, Wichita, KS 67202
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    515 Main St, Unit 406
    Wichita, KS 67202-3712
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.