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Property profile & analytics
OFF-MARKET
Estimated value
$460,000
Medical Office Space
9333 21st N St Wichita, KS 67206-2927
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US33-0662437
Property summary
AI-generated overview
This Class A, 15,921-square-foot medical office building in Northeast Wichita, Kansas, is available for $2,200,000. Built in 2005, the property sits on a 2.84-acre lot (123,558 sq ft) and boasts 104 parking spaces. The building features a functional layout including private offices, cubicles, conference rooms, and existing medical facilities. Plumbing is pre-installed in the walls for easy sink addition. Three prominent signage opportunities exist: one at the entrance and two monument signs along 21st Street and Webb Road. The meticulously landscaped grounds include a full irrigation system. The property is currently vacant and zoned for general office use. Property taxes are to be determined as the current owner is tax-exempt. This location offers excellent accessibility and visibility, making it ideal for a variety of businesses and organizations. The asking price is $138.18 per square foot. This presents a unique opportunity to acquire a well-maintained, strategically located medical office building in a thriving area of Wichita.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
FRAME
Total area
15,921 SF
Lot
2.84 ac (123,710 SF)
APN
087-113-08-0-11-03-007.00
UPID
US33-0662437
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
-
Lois Neace Foster Care Service Social Service Agency
-
Dr. Gary A. Fast, MD Physician
-
Dr. Mercedes J. Perales, MD Physician
-
Dera Harvey Physician
-
Marshall Gordon Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$460k
Owner & transaction history
9333 21st LLC · 1 yrs held
9333 21st LLC
since 2024
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+49.2%
Apartment house (5+ units)
$1.3M
+30.1%
Auto repair, garage
$1.2M
+18.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,030,000
Current use
RESTAURANT
$1,535,000
Change: +49% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,340,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,215,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$945,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$460k
Range $414k – $506k · ±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
$29 / 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
Land market value
$556,000
Improvement market value
$2,542,300
Total market value
$3,098,300
Applied tax rate
6,702.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
15,921 SF
Lot
2.84 ac (123,710 SF)
APN
087-113-08-0-11-03-007.00
UPID
US33-0662437
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
MEDICAL BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$945,000
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2005
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
2.84 ac
Current owner
From public records · entity-resolved
9333 21st LLC
Entity
Mailing address
PO BOX 467, NEWTON, KS 67114-0467
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Nov 4, 2024
—
9333 21st LLC
Prairie View INC
Warranty Deed
$1,680,000 · The First National Bank Of Hutchins
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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