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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Strip malls
6801 Kellogg Dr Wichita, KS 67207-1509
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US33-0749855
Property summary
AI-generated overview
This exceptional 25,400 square foot retail center, situated on a 1.45-acre lot in Wichita, Kansas, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong net operating income (NOI) of $112,000, this Class B property offers a 9.00% cap rate. The single-story building, constructed in 1973, features a multi-tenant configuration with a gross lease structure and a remaining lease term of 3 years. The property is zoned LC and benefits from excellent visibility and accessibility due to its prime location on East Kellogg Drive (US-54), with prominent pole signage. Ample parking is provided with 100 spaces. The 2022 property taxes totaled $23,363.76. This thriving retail center is surrounded by established businesses including Towne East Mall, Rusty Eck, Longhorn Steakhouse, Bubba's 33, Scholfield Honda, Advance Audio, and Prime Time Barber Shop, ensuring a strong tenant base and consistent cash flow. Financial details are available upon request. This is a rare opportunity to acquire a fully leased, high-performing retail asset in a desirable Wichita location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1973
Total area
21,864 SF
Lot
1.45 ac (63,162 SF)
APN
087-119-30-0-22-01-001.00
UPID
US33-0749855
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
-
East Kellogg flea market Food Market Farmer's Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$878k
Blend (final)
Blend
$880k
Owner & transaction history
1 Wichita Investments LLC · 2 yrs held
1 Wichita Investments LLC
since 2024
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.3M
+11.5%
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
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,140,000
Current use
WAREHOUSE, STORAGE
$1,270,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$1,055,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$40 / 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
$23,378
Tax year 2023
Assessed value
$213,025
Assessed 2024
Previous assessed
$202,900
+5.0% YoY
Effective rate
10.97%
On assessed value
Assessed land
$78,775
Assessed improvement
$134,250
Land market value
$315,100
Improvement market value
$537,000
Total market value
$852,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1973
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
2
Total area
21,864 SF
Lot
1.45 ac (63,162 SF)
APN
087-119-30-0-22-01-001.00
UPID
US33-0749855
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1973
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
1.45 ac
Current owner
From public records · entity-resolved
1 Wichita Investments LLC
Entity
Mailing address
PO BOX 781262, WICHITA, KS 67278-1262
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
—
1 Wichita Investments LLC
—
Deed
related
$1,264,000 · Meritrust FCU
Mar 20, 2024
—
1 Wichita Investments LLC
—
Deed
related
$250,000 · Roi Lending LLC A Kansas Limited Liabili
Apr 14, 2023
—
1 Wichita Investments LLC
—
Deed
related
$800,000 · The First National Bank Of Hutchinson
Dec 28, 2022
—
1 Wichita In Vestments LLC
—
Deed
related
$350,000 · Falcon Financing LLC
May 11, 2018
—
Kellogg Drive Investments LLC
—
Deed
related
$502,500 · Ks Statebank
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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