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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9323 34th N St Wichita, KS 67226-2621

    • Flex space
    • 38,894 SF
    • 1.53 lot acres
    OFF-MARKET
    Value Estimations
    $1,365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0491853
    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

    • Lee Aerospace / Corporate Office / Factory
    • Lee Aero, LLC / Industrial Manufacturer / Production Facility

    Property Details for 9323 34th N St

    Year built
    1999
    Construction
    FRAME
    Lot size
    1.53 lot acres
    Property size
    38,894 SF
    Property type
    Flex space
    APN
    087-109-32-0-14-02-005.01
    APU
    87109320140200501

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $910,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,819,000
      Market price range: $805k - $1.82M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,155,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,010,000
      Change: +74% Conversion: Difficult
      OFFICE BUILDING
      $1,910,000
      Change: +66% Conversion: Difficult
      MEDICAL BUILDING
      $1,595,000
      Change: +38% Conversion: Difficult
      RETAIL STORES
      $1,275,000
      Change: +10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2297
    Latitude
    37.7453
    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
    $65,253
    $20,850
    $541,225
    $562,075
    -
    $83,400
    $2,164,900
    $2,248,300

    Comparable in this City

    • Value Estimation
      $590,000
      17,980 SF

      9333 34th N St

      LIGHT INDUSTRIAL • 17,980 SF
      9333 34th N St, Wichita, KS 67226-2621
      View Details
    • Value Estimation by Request
      1,000,000 SF

      53rd 53Rd St

      Refrigerated & Cold Storages • 1,000,000 SF
      53rd 53Rd St, Bel Aire, KS 67226
      View Details
    • Value Estimation
      $690,000
      20,100 SF

      3550 Comotara St

      LIGHT INDUSTRIAL • 20,100 SF
      3550 Comotara St, Wichita, KS 67226-1303
      View Details
    • Value Estimation
      $915,000
      30,914 SF

      9865 50th N St

      LIGHT INDUSTRIAL • 30,914 SF
      9865 50th N St, Bel Aire, KS 67226-8811
      View Details
    • Value Estimation by Request
      7,500 SF

      3839 Cypress Dr

      Distribution properties • 7,500 SF
      3839 Cypress Dr, Wichita, KS 67226
      View Details
    • Value Estimation
      $3,455,000
      62,813 SF

      4747 Webb Rd

      LIGHT INDUSTRIAL • 62,813 SF
      4747 Webb Rd, Bel Aire, KS 67226-8153
      View Details

    Similar Nearby for Sale

    • $370,000
      2,700 SF

      Flex Space in Landmark Office

      Flex space building with office in Landmark Office Park.
      3500 N Rock Rd, Wichita, KS 67226
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    • $490,000
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      Office/Flex Building with Garage Space

      Class-A office/flex building with studio apartment and garage space.
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      Wichita Commercial Land - 2+ Acres

      Prime Northeast Wichita location; build-to-suit options available.
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    • $600,000
      2.49 Acres

      3631 Comotara St, Wichita, KS 67226

      Industrial properties • 2.49 Acres
      3631 Comotara St, Wichita, KS 67226
      View Details
    • Contact for pricing
      200,000 SF

      Wichita Warehouse/Office on 12.49 Acres

      200,000 SF warehouse/office space suitable for warehousing, distribution, or manufacturing.
      8908 East 34Th St North, Wichita, KS 67226
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    • $3,095,600
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      Wichita Industrial Land - 77 Acres

      Prime 77-acre commercial/industrial land in Wichita, KS.
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    Similar Nearby for Lease

    • $14 SF/Yr
      15,000 SF

      Northrock Business Park Flex Space

      Versatile Flex/R&D Space Available
      8200 34Th St, Wichita, KS 67226
      View Details
    • $9 SF/Yr
      51,560 SF

      Webb Road Industrial Space

      Bel Aire, KS: Flexible Industrial Space
      5160 Webb Rd, Wichita, KS 67226
      View Details
    • $10 SF/Yr
      10,032 SF

      Wichita Office/Warehouse with Highway Access

      Freestanding 10,032 SF office/warehouse with highway access and quality finishes.
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    • Contact for pricing
      4,300 SF

      Office/Warehouse Space in North Greenwich

      4,300 SF office/warehouse space available for lease.
      11021 East 28Th St N, Wichita, KS 67226
      View Details
    • $12 SF/Yr
      10,400 SF

      Comotara Industrial Flex Space Available

      10,400 SF Flex Space, Multiple Suites
      3540 Comotara 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
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    Wichita, KS 67226-2621
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    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
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