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

    9700 Kellogg Dr Wichita, KS 67207-1821

    • Outlet malls
    • 157,143 SF
    • 17.26 lot acres
    OFF-MARKET
    Value Estimations
    $3,475,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0935988
    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

    • Costco Wholesale / Warehouse Store / Department Store
    • Van Lang Q Huynh / Optometrist
    • Avnate Sr22 Insurance Agency Kansas / Insurance Agency / Auto Insurance Agency

    Property Details for 9700 Kellogg Dr

    Year built
    2015
    Lot size
    17.26 lot acres
    Property size
    157,143 SF
    Property type
    Outlet malls
    APN
    087-115-21-0-33-01-001.00
    APU
    87115210330100100

    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
    -97.224
    Latitude
    37.6805
    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
    $367,862
    $1,127,550
    $1,933,975
    $3,061,525
    -
    $4,510,200
    $7,735,900
    $12,246,100

    Comparable in this City

    • Value Estimation
      $810,000
      15,554 SF

      9983 Kellogg Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 15,554 SF
      9983 Kellogg Dr, Wichita, KS 67207-1832
      View Details
    • Value Estimation
      $1,225,000
      49,779 SF

      11645 Kellogg Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 49,779 SF
      11645 Kellogg Dr, Wichita, KS 67207-1932
      View Details
    • Value Estimation by Request
      7,149 SF

      9701 Harry St

      WHOLESALE OUTLET, DISCOUNT STORE • 7,149 SF
      9701 Harry St, Wichita, KS 67207-5003
      View Details
    • Value Estimation by Request
      7,200 SF

      6655 Harry St

      WHOLESALE OUTLET, DISCOUNT STORE • 7,200 SF
      6655 Harry St, Wichita, KS 67207-2906
      View Details
    • Value Estimation by Request
      0.88 Acres

      6411 Kellogg Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 0.88 Acres
      6411 Kellogg Dr, Wichita, KS 67207
      View Details
    • Value Estimation
      $1,645,000
      103,214 SF

      301 Towne E Mall Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 103,214 SF
      301 Towne E Mall Dr, Wichita, KS 67207-1066
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,850 SF

      Retail Space Near Towne East

      Retail space available near Towne East Mall with high traffic.
      368 S Towne East Mall Dr, 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
    • $2,650,000
      34,575 SF

      Fully Occupied Retail Investment Property

      Retail property with two tenants on 6.87 acres.
      10001 E Kellogg Dr, Wichita, KS 67207
      View Details
    • $484,800
      80,800 SF

      Wichita Retail Land Development

      Prime 1.85-acre retail site, $484,800
      300 Greenwich Rd, Wichita, KS 67207
      View Details
    • Contact for pricing
      2,716 SF

      Turnkey Restaurant with Drive-Thru

      Turnkey restaurant with drive-thru in high-traffic location.
      1140 S Rock Rd, Wichita, KS 67207
      View Details
    • Contact for pricing
      30.00 Acres

      Sierra Pointe: Wichita Commercial Land

      30-Acre Commercial Land, 9 Outparcels
      and 127th Pawnee St, Wichita, KS 67207
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      34,470 SF

      One Kellogg Place: Retail Center

      High-traffic Wichita retail center; spaces available
      11333 Kellogg Dr, Wichita, KS 67207
      View Details
    • Contact for pricing
      4,994 SF

      Retail Space Near Harry and Webb

      Retail space for lease with multiple suite configurations available.
      1520 S Webb Rd, Wichita, KS 67207
      View Details
    • $24 SF/Yr
      4,000 SF

      Retail Space on Kellogg Drive

      Retail property for lease with high traffic volume.
      11309 E Kellogg Dr N, Wichita, KS 67207
      View Details
    • Contact for pricing
      3,864 SF

      Restaurant Space in Whole Foods Center

      Rare restaurant opportunity in high-profile Wichita shopping center.
      1441 N Webb Rd, Wichita, KS 67207
      View Details
    • $18 SF/Yr
      14,033 SF

      Greenview Plaza Retail Space

      Wichita retail space, 2 units available.
      307 Greenwich Rd, Wichita, KS 67207
      View Details
    • $15 SF/Yr
      6,300 SF

      Wichita Retail Pad Site Investment

      High-traffic retail space, redevelopment potential.
      1655 Rock Rd, Wichita, KS 67207
      View Details

    Property Visit Statistics

    • Visits by month
      186.6k
    • Visitors by month
      105.9k
    • Avg Time on site
      35 min
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    Wichita, KS 67207-1821
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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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