Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7373 29th N St Wichita, KS 67226-3405

    • Assisted living facilities
    • 32,976 SF
    • 32.82 lot acres
    OFF-MARKET
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0768987
    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.

    Current Use by Public Records

    • Larksfield Place Independent Living / Retirement Community
    • Kansas Steel Products Co / Factory / Production Facility
    • DeWayne Derksen Larksfield Home / Apartment Building

    Property Details for 7373 29th N St

    Year built
    1987
    Construction
    FRAME
    Lot size
    32.82 lot acres
    Property size
    32,976 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    087-113-06-0-11-01-007.00-C
    APU
    087113060110100700C

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $892,000
      Market price range: $663k - $1.20M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $890,000
      Current use
      MEDICAL BUILDING
      $1,350,000
      Change: +52% Conversion: Difficult
      RETAIL STORES
      $1,080,000
      Change: +21% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2508
    Latitude
    37.735
    CBSA code
    48620
    CBSA name
    WICHITA, KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $74
    $0.00
    $0.00
    $0.00
    -
    $1,429,500
    $39,121,130
    $40,550,630

    Comparable in this City

    • Value Estimation by Request
      0.38 Acres

      Wichita, KS 67226

      HOMES (RETIRED, NURSING) • 0.38 Acres
      Wichita, KS 67226
      View Details
    • Value Estimation
      $2,540,000
      93,847 SF

      2727 Rock Rd

      HOMES (RETIRED, NURSING) • 93,847 SF
      2727 Rock Rd, Wichita, KS 67226-1142
      View Details
    • Value Estimation
      $1,425,000
      52,687 SF

      6800 45th N St

      HOMES (RETIRED, NURSING) • 52,687 SF
      6800 45th N St, Bel Aire, KS 67226
      View Details
    • Value Estimation by Request
      0.68 Acres

      Wichita, KS 67226

      HOMES (RETIRED, NURSING) • 0.68 Acres
      Wichita, KS 67226
      View Details
    • Value Estimation
      $2,765,000
      102,200 SF

      6700 45th N St

      HOMES (RETIRED, NURSING) • 102,200 SF
      6700 45th N St, Bel Aire, KS 67226-8817
      View Details
    • Value Estimation by Request
      0.20 Acres

      Wichita, KS 67226

      HOMES (RETIRED, NURSING) • 0.20 Acres
      Wichita, KS 67226
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      912 SF

      Webb Rd Medical Office Condos

      Wichita medical suites: sale or lease
      3161 Webb Rd, Wichita, KS 67226
      View Details
    • $1,009,200

      Wichita Commercial Land - 2+ Acres

      Prime Northeast Wichita location; build-to-suit options available.
      9642 35Th St, Wichita, KS 67226
      View Details
    • $589,896

      Wichita Commercial Land - Prime Location

      73,737 sq ft lot, $8/SF, high visibility.
      32 32Nd St, Wichita, KS 67226
      View Details
    • Contact for pricing
      1.00 Acre

      NE Wichita Development Land

      40.5 Acres, Prime Commercial Site
      29th And Greenwich Rd, Wichita, KS 67226
      View Details
    • $600,000
      2.49 Acres

      3631 Comotara St, Wichita, KS 67226

      Industrial properties • 2.49 Acres
      3631 Comotara St, Wichita, KS 67226
      View Details
    • $760,000
      4,298 SF

      Medical Office Suites For Sale

      Office suites available within a medical campus, great highway access.
      10100 E Shannon Woods Cir, Wichita, KS 67226
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      48,000 SF

      9229 E 37th St N Office Space

      Wichita, KS Office Building - Multiple Suites Available
      9229 37Th St, Wichita, KS 67226
      View Details
    • $20 SF/Yr
      20,000 SF

      Webb at K-96 Medical Office Building

      Modern Medical Office Suites Available
      3161 Webb Rd, Wichita, KS 67226
      View Details
    • $30 SF/Yr
      16,454 SF

      NE Wichita Medical Office Space

      Class A, 16,454 SF, turnkey suites
      9727 Shannon Wds St, Wichita, KS 67226
      View Details
    • $28 SF/Yr
      31,800 SF

      Wichita Class A Office Space

      Multi-tenant medical/executive suites, prime location.
      9758 21St St, Wichita, KS 67226
      View Details
    • $21 SF/Yr
      49,297 SF

      Wichita Office Building For Sale

      Class A Office, Abundant Parking, Excellent Location
      8110 32Nd St, Wichita, KS 67226
      View Details
    • $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
    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.
    7373 29th N St
    Wichita, KS 67226-3405
    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.