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Property profile & analytics
OFF-MARKET
Estimated value
$3,130,000
Hotels
525 Main St F Wichita, KS 67202-3703
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US33-0332091
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2010
Total area
73,117 SF
Lot
0.79 ac (34,412 SF)
APN
087-124-20-0-43-10-001.65
UPID
US33-0332091
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
-
Magana Christopher State Government Office
-
Honorable Gregory L Waller State Government Office
-
Honorable William S Woolley State Government Office
-
Honorable John J Kisner Jr State Government Office
-
Honorable Timothy G Lahey State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.91M
Comparable Approach
Comparable
$3.35M
Blend (final)
Blend
$3.13M
Owner & transaction history
Midas Wichita Old Town LLC · 8 yrs held
Midas Wichita Old Town LLC
since 2018
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.1M
+121.1%
Neighborhood: shopping center
$4.3M
+85.6%
Warehouse, storage
$3.7M
+62.0%
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%
$3,150,000
6.5%
$2,910,000
7%
$2,700,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,290,000
Current use
MEDICAL BUILDING
$5,065,000
Change: +121% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,250,000
Change: +86% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,710,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$3.13M
Range $2.82M – $3.44M · ±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
$43 / 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
$227,380
Tax year 2023
Assessed value
$1,863,900
Assessed 2024
Previous assessed
$1,863,900
+0.0% YoY
Effective rate
12.20%
On assessed value
Assessed land
$68,775
Assessed improvement
$1,795,125
Land market value
$275,100
Improvement market value
$7,180,500
Total market value
$7,455,600
Applied tax rate
6,799.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2010
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
4
Units
130
Total area
73,117 SF
Lot
0.79 ac (34,412 SF)
APN
087-124-20-0-43-10-001.65
UPID
US33-0332091
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
HOTEL/MOTEL Current
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$3.7M
HOTEL/MOTEL Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2010
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Units
130
Lot
0.79 ac
Current owner
From public records · entity-resolved
Midas Wichita Old Town LLC
Entity
Mailing address
455 N MAIN ST, WICHITA, KS 67202-1600
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2018
—
Midas Wichita Old Town LLC
Four G LLC
Special Warranty Deed
$11,420,000 · Jefferson Bank & Trust
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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