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

    9111 Douglas Ave Wichita, KS 67207-1241

    • Office buildings
    • 248,418 SF
    • 41.64 lot acres
    OFF-MARKET
    Value Estimations
    $5,180,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0778782
    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

    • 3S Engineering LLC / Engineer
    • KNSS / Radio Station / Telecommunications Service
    • KFBZ / Radio Station / Telecommunications Service
    • KFH / Radio Station / Telecommunications Service
    • Disabled American Veterans / Advocacy Group / Social Service Agency

    Property Details for 9111 Douglas Ave

    Year built
    1978
    Lot size
    41.64 lot acres
    Property size
    248,418 SF
    Property type
    Office buildings
    APN
    087-114-20-0-41-01-002.03
    APU
    87114200410100203

    Description

    This 5,000-square-foot office space in Wichita, Kansas, is perfectly suited for multiple tenants. Located at 9111 E Douglas Ave, Sedgwick County, zip code 67207, this former call center boasts a mostly open concept layout. The property offers convenient access to Kellogg and the Kansas Turnpike, ensuring easy commutes. On-site amenities include management, security, and a fitness facility, enhancing employee well-being. The building features redundant power for reliable operation and is surrounded by abundant landscaping and walking paths. Ample parking is available for employees and visitors. The suite enjoys a prime location with a quick exterior door access. A variety of dining and shopping options are within close proximity. Furthermore, the space offers the optional inclusion of furniture, fixtures, and equipment (FF&E), such as cubicles, chairs, and laptops, streamlining the move-in process for new tenants. This property presents a unique opportunity for businesses seeking a well-maintained, amenity-rich office space in a desirable Wichita location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2323
    Latitude
    37.6845
    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
    $158,685
    $326,475
    $1,064,925
    $1,391,400
    -
    $1,305,900
    $4,259,700
    $5,565,600

    Comparable in this City

    • Value Estimation
      $685,000
      17,011 SF

      9914 Harry St

      OFFICE BUILDING • 17,011 SF
      9914 Harry St, Wichita, KS 67207-5008
      View Details
    • Value Estimation by Request
      0.30 Acres

      Wichita, KS 67207

      OFFICE BUILDING • 0.30 Acres
      Wichita, KS 67207
      View Details
    • Value Estimation by Request
      0.30 Acres

      Wichita, KS 67207

      OFFICE BUILDING • 0.30 Acres
      Wichita, KS 67207
      View Details
    • Value Estimation
      $1,595,000
      49,568 SF

      7236 Harry Ct

      OFFICE BUILDING • 49,568 SF
      7236 Harry Ct, Wichita, KS 67207-2916
      View Details
    • Value Estimation by Request
      4,800 SF

      7015 Harry St

      OFFICE BUILDING • 4,800 SF
      7015 Harry St, Wichita, KS 67207-2919
      View Details
    • Value Estimation by Request
      3,780 SF

      9323 Harry St

      OFFICE BUILDING • 3,780 SF
      9323 Harry St, Wichita, KS 67207-5071
      View Details

    Similar Nearby for Sale

    • $1,932,054
      19,204 SF

      Prime Business Office Park

      Thriving office park near Rock Road with high occupancy.
      7803 E Osie St, Wichita, KS 67207
      View Details
    • $350,000
      500 SF

      Kellogg Office Building: Wichita, KS

      Prime Wichita Office Space: Buy or Lease
      6631 Kellogg Dr, Wichita, KS 67207
      View Details
    • $1,932,054
      19,225 SF

      Wichita Executive Office Park

      Prime Wichita office space, excellent investment.
      7803 Osie St, Wichita, KS 67207
      View Details
    • $5,000,000
      80,200 SF

      Executive Office Building, Wichita

      80,200 SF Office Building, $5M
      101 Webb Rd, Wichita, KS 67207
      View Details
    • Contact for pricing

      Land Parcel Near Highway Access

      Land suitable for residential, industrial, or retail development.
      6050 N Greenwich Rd, Wichita, KS 67207
      View Details
    • Contact for pricing
      25,400 SF

      East Kellogg Retail Center Investment

      Fully Leased Retail Center, High NOI
      6801 Kellogg Dr, Wichita, KS 67207
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      10,816 SF

      Co-working Space with Premium Amenities

      Flexible co-working spaces with premium amenities near Towne East.
      121 S Whittier St, Wichita, KS 67207
      View Details
    • Contact for pricing
      66,710 SF

      Wichita Office Park Investment

      Prime Wichita Office Space Available
      9415 Harry St, Wichita, KS 67207
      View Details
    • $27 SF/Yr
      7,700 SF

      Central and Webb Road Retail

      Retail or office space at Central and Webb Road.
      503 Webb Rd, Wichita, KS 67207
      View Details
    • $750 /Mo
      11,975 SF

      East Kellogg Retail/Office Space

      Prime retail or office space with excellent visibility and access.
      6701 East Kellogg Dr, Wichita, KS 67207
      View Details
    • $8 SF/Yr
      9,570 SF

      Kellogg Office Building - Wichita, KS

      Prime Wichita Office Building - Investment Opportunity
      6631 Kellogg Dr, Wichita, KS 67207
      View Details
    • $7 SF/Yr
      43,669 SF

      Wichita Office Space for Lease

      Affordable, flexible office space in Wichita, KS.
      1711 Longfellow Cir, Wichita, KS 67207
      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.
    9111 Douglas Ave
    Wichita, KS 67207-1241
    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.