Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5230 Cypress St Bel Aire, KS 67226

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5230 Cypress St Bel Aire, KS 67226

    View on Map
    • Commercial real estate
    • 2,400 SF
    • 0.24 lot acres
    Off-Market
    Property ID
    US33-1628257
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5230 Cypress St

    Year built
    2023
    Lot size
    0.24 lot acres
    Property size
    2,400 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a brand-new, two-unit duplex located at 5230-5232 Cypress Street in the desirable Bel Aire, Kansas community (zip code 67226). Built in 2023, this property boasts a total of 2,400 square feet on a 0.24-acre lot, offering a compelling price per square foot of $149.96. Each of the two units is generously sized at 1,200 square feet, featuring three bedrooms and two bathrooms. Adding to the convenience, each unit includes a two-car garage. The property is situated in the Circle School District, a highly sought-after area known for its excellent schools. The neighborhood is a newer development with plans for a future public park, enhancing the quality of life for residents. Its location offers easy access to Webb Road and Highway 254, providing convenient commutes and proximity to the growing commercial sector of Northeast Wichita. This duplex represents a strong investment opportunity in a thriving and desirable location, offering immediate rental income potential and long-term appreciation prospects. The asking price for this turnkey property is $359,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bel Aire
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2341368
    Latitude
    37.7790024

    Comparable in this City

    • $8,950,000
      60,000 SF

      Remodeled Apartment Complex Near WSU

      87-unit apartment complex remodeled in 2021 near Wichita State.
      2280 N Tara Cir, Wichita, KS 67226
      View Details
    • $505,000
      3,758 SF

      New Bel Aire Twin Home

      New twin home in Bel Aire with finished basement.
      8729-8731 East Summerside Pl, Wichita, KS 67226
      View Details
    • $365,000
      2,480 SF

      Bel Aire Duplex Investment Opportunity

      2022 Bel Aire duplex with modern finishes and income potential.
      5200/5202 Honey Locust Cir, Bel Aire, KS 67226
      View Details
    • Contact for pricing
      1,200 SF

      Wichita Rental Property

      Three-bedroom, two-bath rental unit in Wichita, Kansas.
      5198 N Honeylocust St, Wichita, KS 67226
      View Details
    • Contact for pricing
      5,927 SF

      Office Suites For Sale/Lease

      Office suites available for sale or lease with ample parking.
      3161 N Webb Rd, Wichita, KS 67226
      View Details
    • Contact for pricing
      11,028 SF

      Diagnostic Imaging Building For Sale

      Purpose-built medical office building with easy conversion opportunities.
      2734 N Woodlawn Blvd, Wichita, KS 67226
      View Details

    Similar Nearby for Sale

    • $8,950,000
      60,000 SF

      Remodeled Apartment Complex Near WSU

      87-unit apartment complex remodeled in 2021 near Wichita State.
      2280 N Tara Cir, Wichita, KS 67226
      View Details
    • $365,000
      2,480 SF

      Bel Aire Duplex Investment Opportunity

      2022 Bel Aire duplex with modern finishes and income potential.
      5200/5202 Honey Locust Cir, Bel Aire, KS 67226
      View Details
    • $505,000
      3,758 SF

      New Bel Aire Twin Home

      New twin home in Bel Aire with finished basement.
      8729-8731 East Summerside Pl, Wichita, KS 67226
      View Details
    • Contact for pricing
      1,200 SF

      Wichita Rental Property

      Three-bedroom, two-bath rental unit in Wichita, Kansas.
      5198 N Honeylocust St, Wichita, KS 67226
      View Details
    • Contact for pricing
      5,927 SF

      Office Suites For Sale/Lease

      Office suites available for sale or lease with ample parking.
      3161 N Webb Rd, Wichita, KS 67226
      View Details
    • Contact for pricing
      11,028 SF

      Diagnostic Imaging Building For Sale

      Purpose-built medical office building with easy conversion opportunities.
      2734 N Woodlawn Blvd, Wichita, KS 67226
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      15,000 SF

      Northrock Business Park Suite #1401

      Wichita Flex Space: 1,500 SF Available
      8200 34Th St, Wichita, KS 67226
      View Details
    • Contact for pricing

      Class A Office Building

      Two-story office building with abundant parking and recent improvements.
      8110 E 32Nd St N, Wichita, KS 67226
      View Details
    • $9 SF/Yr

      New Construction Industrial Flex Warehouse

      New industrial development in Bel Aire, Kansas with highway access.
      5160-5220 N Webb Rd, Bel Aire, KS 67226
      View Details
    • Contact for pricing

      Wichita Warehouse with Overhead Doors

      10,941 SF warehouse with proximity to major highways.
      9133 E 37Th St N, Wichita, KS 67226
      View Details
    • Contact for pricing

      8440 E 29th St, Wichita, KS

      Retail space
      8440 E 29Th St, Wichita, KS 67226
      View Details
    • $2,450 /Mo

      Move-in Ready Office Suite Available

      Efficient office suite with workstations, private offices, and parking.
      11021 East 26Th St North, Wichita, KS 67226
      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.
    5230 Cypress St
    Bel Aire, KS 67226
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!