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Property profile & analytics
FOR SALE
Office buildings
7340 W 21St St Wichita, KS 67205
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US33-0482352
For Sale
1 / 24
$2,900,000
7340 W 21St St, Wichita, KS 67205
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Property summary
AI-generated overview
This exceptional two-story office building, totaling 34,754 square feet, is situated in the desirable northwest Wichita area. Built in 1999, the property boasts a convenient location at 7340 W 21st St, Wichita, KS 67205, northwest of the intersection of Ridge Road and 21st Street North. The single building sits on a 3.17-acre lot and offers a substantial 193 parking spaces for tenants and visitors. The property is zoned LC and is classified as a Traditional Office building with multiple tenancies. This presents a unique opportunity for businesses seeking a well-established and spacious office environment in a thriving area of Sedgwick County. The building's substantial size and ample parking make it ideal for a variety of businesses, offering flexibility for different occupancy needs. The property's location provides easy access to major roadways and amenities, enhancing its appeal to potential tenants. This is a turnkey opportunity for businesses seeking a functional and well-maintained office space in a prime Wichita location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
34,754 SF
Lot
3.17 ac (138,085 SF)
APN
087-132-04-0-44-02-002.05
UPID
US33-0482352
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
-
Premier Physical Therapy Physician
-
Goosehead Insurance - Scott Hanika Insurance Agency
-
LeaderOne Financial Corporation Loan Service Bank
-
Federal Deposit Insurance Corporation Insurance Agency
-
Nustar Pipeline Partners LP Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.30M
Owner & transaction history
Four Seas Wichita LLC · 6 yrs held
Four Seas Wichita LLC
since 2020
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,145,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,990,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±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
$37 / 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
$72,395
Tax year 2023
Assessed value
$597,100
Assessed 2024
Previous assessed
$582,125
+2.6% YoY
Effective rate
12.12%
On assessed value
Assessed land
$137,950
Assessed improvement
$459,150
Land market value
$551,800
Improvement market value
$1,836,600
Total market value
$2,388,400
Applied tax rate
6,720.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1999
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
2
Total area
34,754 SF
Lot
3.17 ac (138,085 SF)
APN
087-132-04-0-44-02-002.05
UPID
US33-0482352
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
OFFICE BUILDING Current
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
2
Lot
3.17 ac
Current owner
From public records · entity-resolved
Four Seas Wichita LLC
Entity
Mailing address
13241 STATE HWY 155TH S, TYLER, TX 75703-6552
Ownership since
2020
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
Jan 6, 2020
—
Four Seas Wichita LLC
Hill Country Reflection Ridge Partn
Warranty Deed
$2,475,000 · Fidelity Bank
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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