Entity Owned Property summary
AI-generated overview
This exceptional single-story, Class B commercial property, built in 2006, offers 14,524 square feet of versatile retail and office space at 8440 East 29th St N, Wichita, KS 67226. Located at the convenient intersection of 29th and Rock, this property boasts a prime location with high visibility and easy access. The building features six suites, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 7,596 square feet. Currently, 10,696 square feet is available for lease. Tenants can benefit from a tenant improvement allowance. The 1.45-acre site provides ample parking with 80 spaces. The property is zoned LC and situated in Sedgwick County. This is an excellent opportunity for businesses seeking flexible, well-located space in a thriving area. The building is a single structure with one story.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Total area
14,524 SF
Lot
1.45 ac (63,162 SF)
APN
087-109-32-0-34-01-012.00
UPID
US33-0793491
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Federal Government Office Government Office
-
Alternative Medicine Practice
-
Alternative Medicine Practice
-
Alternative Medicine Practice
-
Alternative Medicine Practice
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$426k
Blend (final)
Blend
$590k
Owner & transaction history
since 2022
1 recorded transaction
Zoning & alternative use
Top alternative use upside
Neighborhood: shopping center
$750,000
+57.8%
Office building
$715,000
+50.0%
Medical building
$595,000
+25.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$590k
Value range
$531k – $649k
±10% around blend
Estimated value / SF
$41 / SF
Confidence
Property data
88
Comparable evidence
60
$531k
blend $590k
$649k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,524 SF
Lot area
1.45 ac
Year built
2006
Stories
1
APN
087-109-32-0-34-01-012.00
Assessed value
$331,538
Annual tax
$35,533
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$426k
Range $227k – $653k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$590k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+58%
vs current-use indication
Office Building
Medical Building
Retail Stores · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$332k
Move the market yield to see immediate price impact.
Value / SF
$23
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$21k
$418k
$298k
$232k
$23k
$464k
$332k
$258k
$26k
$511k
$365k
$284k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,533
Tax year 2023
Assessed value
$331,538
Assessed 2024
Previous assessed
$308,425
+7.5% YoY
Effective rate
10.72%
On assessed value
Assessed land
$63,100
Assessed improvement
$268,438
Land market value
$252,400
Improvement market value
$1,073,750
Total market value
$1,326,150
Applied tax rate
6,702.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
14,524 SF
Lot
1.45 ac (63,162 SF)
APN
087-109-32-0-34-01-012.00
UPID
US33-0793491
Jurisdiction
SEDGWICK
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.45 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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