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Property profile & analytics
OFF-MARKET Estimated value $1,760,000
Hotels

6815 Kellogg Dr Wichita, KS 67209-2217

108,278 SF 10.95 ac lot Built 1996
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US33-0241448
Property summary
AI-generated overview

This exceptional investment opportunity presents the chance to acquire the 130-key Red Roof Inn & Conference Center at the Airport in Wichita, Kansas. Located at 6815 W Kellogg Dr, Wichita, KS 67209, this two-story, 88,634 square foot hotel sits on a five-acre lot with 300 parking spaces. Built in 1996 and renovated in 2023, the property boasts an interior corridor design and offers a range of amenities including free Wi-Fi, free coffee, and newly renovated guest rooms equipped with microwaves and refrigerators. On-site amenities also include a restaurant and bar, and three meeting/banquet rooms. A complimentary airport shuttle service adds further convenience. The hotel benefits from a highly desirable location, just two miles from Dwight D. Eisenhower Airport and near several key attractions including Towne West Square, Air Capital Memorial Park, and Newman University. The property is zoned GC and operates under a ground lease with 37 years remaining. The asking price is $2,100,000 ($23.69/sq ft), presenting a compelling opportunity for significant return on investment. The current operational underperformance offers substantial potential for future growth through rebranding or conversion to alternative uses such as affordable housing or senior living. This property offers a unique blend of established infrastructure and significant upside potential.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1996
Construction FRAME
Total area 108,278 SF
Lot 10.95 ac (476,982 SF)
APN 087-138-27-0-32-01-002.00-B
UPID US33-0241448
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
  • Sol's Catering and Events Hotel & Motel Resort
  • Red Roof Inn & Conference Center Wichita Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.35M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.17M
Blend (final) Blend
$1.76M
Owner & transaction history
Kellogg Hospitality LLC · 9 yrs held
Kellogg Hospitality LLC
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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