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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Hotels
9444 29th N St Wichita, KS 67226-2178
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US33-0562264
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Total area
43,071 SF
Lot
2.62 ac (114,127 SF)
APN
087-109-32-0-44-01-005.00
UPID
US33-0562264
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
-
TownePlace Suites Wichita East Hotel & Motel
-
9444 East 29th Street North Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.72M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.85M
Owner & transaction history
Webb Hotel Partners LLC · 6 yrs held
Webb Hotel Partners LLC
since 2019
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.2M
+65.0%
Office building
$2.1M
+56.8%
Medical building
$1.8M
+30.9%
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%
$1,855,000
6.5%
$1,715,000
7%
$1,590,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,350,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,225,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$2,115,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$1,765,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$1,410,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±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
$76,853
Tax year 2023
Assessed value
$777,575
Assessed 2024
Previous assessed
$624,050
+24.6% YoY
Effective rate
9.88%
On assessed value
Assessed land
$128,225
Assessed improvement
$649,350
Land market value
$512,900
Improvement market value
$2,597,400
Total market value
$3,110,300
Applied tax rate
6,718.0000
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/MOTEL
Status
Off-Market
Year built
1999
Heating
HEAT PUMP
Cooling
YES
Stories
3
Units
82
Bathrooms
2
Total area
43,071 SF
Lot
2.62 ac (114,127 SF)
APN
087-109-32-0-44-01-005.00
UPID
US33-0562264
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
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.4M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1999
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
82
Bathrooms
2
Lot
2.62 ac
Current owner
From public records · entity-resolved
Webb Hotel Partners LLC
Entity
Mailing address
322 S MOSLEY ST, WICHITA, KS 67202-4702
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2021
—
Webb Hotel Partners LLC
—
Deed
related
$4,125,000 · Chisholm Trail State Bank
Oct 1, 2019
—
Webb Hotel Partners LLC
Patrick Bruggeman
Special Warranty Deed
$4,200,000 · American State Bank & Trust Co Will
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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