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Property profile & analytics
OFF-MARKET
Estimated value
$3,985,000
Hotels
820 2nd N St Wichita, KS 67202-2733
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US33-0226685
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1929
Total area
93,136 SF
Lot
0.97 ac (42,253 SF)
APN
087-125-21-0-21-08-002.00
UPID
US33-0226685
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
-
Postal Presort Inc is now Broadstroke, Inc. Postal Service Courier Service
-
Carbonless USA, formerly CUSA Print (Bike/Boat/Book/etc) Store Printing Service
-
Postalocity.com by Broadstroke, Inc. Postal Service Courier Service
-
Broadstroke, Inc. (Bike/Boat/Book/etc) Store Printing Service
-
Broadstroke Promotions Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.71M
Comparable Approach
Comparable
$4.27M
Blend (final)
Blend
$3.99M
Owner & transaction history
Asmo Wichita LP · 5 yrs held
Asmo Wichita LP
since 2020
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.5M
+121.1%
Neighborhood: shopping center
$5.4M
+85.6%
Warehouse, storage
$4.7M
+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%
$4,015,000
6.5%
$3,705,000
7%
$3,440,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,915,000
Current use
MEDICAL BUILDING
$6,450,000
Change: +121% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,415,000
Change: +86% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,725,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$3.99M
Range $3.59M – $4.38M · ±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
$268,705
Tax year 2023
Assessed value
$2,007,533
Assessed 2024
Previous assessed
$1,910,203
+5.1% YoY
Effective rate
13.38%
On assessed value
Assessed land
$84,650
Assessed improvement
$1,922,883
Land market value
$338,600
Improvement market value
$7,691,530
Total market value
$8,030,130
Applied tax rate
6,755.0000
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
Status
Off-Market
Year built
1929
Heating
YES
Cooling
AC.PACKAGE
Stories
5
Units
129
Bathrooms
2
Total area
93,136 SF
Lot
0.97 ac (42,253 SF)
APN
087-125-21-0-21-08-002.00
UPID
US33-0226685
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
$2.9M
MEDICAL BUILDING
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$4.7M
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
1929
Heating
YES
Cooling
Yes
Stories
5
Units
129
Bathrooms
2
Lot
0.97 ac
Current owner
From public records · entity-resolved
Asmo Wichita LP
Entity
Mailing address
820 E 2ND ST N, WICHITA, KS 67202-2733
Mailing matches property
Yes
Owner-occupied
Yes
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
Aug 21, 2020
—
Asmo Wichita LP
—
Deed
related
$107,700,000 · Morgan Stanley Bank NA
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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