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

    Wichita, KS 67216

    • Hotels
    • 1.85 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0866746
    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

    • Hotels

    Property Details

    Lot size
    1.85 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    087-215-21-0-12-02-002.00-B
    APU
    087215210120200200B

    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
    -97.3237
    Latitude
    37.607
    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
    $7,013
    $60,475
    $0.00
    $60,475
    -
    $241,900
    $0.00
    $241,900

    Comparable in this City

    • Value Estimation
      $1,185,000
      29,925 SF

      4742 Emporia St

      HOTEL/MOTEL • 29,925 SF
      4742 Emporia St, Wichita, KS 67216-1771
      View Details
    • Value Estimation by Request
      1.17 Acres

      Wichita, KS 67216

      HOTEL/MOTEL • 1.17 Acres
      Wichita, KS 67216
      View Details
    • Value Estimation by Request
      5,576 SF

      4510 Broadway Ave

      MOTEL • 5,576 SF
      4510 Broadway Ave, Wichita, KS 67216-1734
      View Details
    • Value Estimation
      $840,000
      24,164 SF

      4848 Laura St

      MOTEL • 24,164 SF
      4848 Laura St, Wichita, KS 67216-2047
      View Details
    • Value Estimation by Request
      4,584 SF

      4459 Broadway Ave

      MOTEL • 4,584 SF
      4459 Broadway Ave, Wichita, KS 67216-1733
      View Details
    • Value Estimation
      $825,000
      19,427 SF

      4875 Laura St

      MOTEL • 19,427 SF
      4875 Laura St, Wichita, KS 67216-2049
      View Details

    Similar Nearby for Sale

    • $225,000
      1.96 Acres

      Wichita Commercial Land - $225K

      1.96 Acres, High-Visibility Location
      0 63Rd St, Wichita, KS 67216
      View Details
    • $1,350,000

      Versatile Development Land in Wichita

      17.18 acres with shop and home, suitable for development.
      500 East 50Th St S, Wichita, KS 67216
      View Details
    • Contact for pricing
      131,708 SF

      New Industrial Building For Sale

      Brand-new 131,708 SF industrial building, divisible to 31,500 SF.
      1217 W Macarthur Rd, Wichita, KS 67216
      View Details
    • Contact for pricing
      38.99 Acres

      Southfork Industrial Land - Wichita, KS

      Prime 39-acre site, ideal for diverse uses.
      I-135 St, Wichita, KS 67216
      View Details
    • $1,106,859

      Wichita Commercial Land Development

      Prime Wichita location, high traffic, flexible zoning.
      5535 Broadway St, Wichita, KS 67216
      View Details
    • $500,000

      Wichita Commercial Land - $500K

      High-potential 1.89-acre commercial lot.
      5600 Broadway St, Wichita, KS 67216
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,735,574 SF

      Southfork Wichita Commercial Property

      Prime Wichita commercial land, build-to-suit options.
      35 47Th St, Wichita, KS 67216
      View Details
    • $5 SF/Yr
      96,000 SF

      Wichita Warehouse with Office Space

      20,160 SF warehouse with 3,500 SF customizable office space.
      4727 S Emporia St, Wichita, KS 67216
      View Details
    • $3 SF/Yr
      100,254 SF

      Wichita Warehouse/Office Space Available

      100,254 SF warehouse/office space for lease in Wichita.
      2901 S Madison St, Wichita, KS 67216
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in South Wichita

      End-cap retail space available January 1st, 2026.
      2484 S Broadway St, Wichita, KS 67216
      View Details
    • $18 SF/Yr
      1,285 SF

      Wichita Office Space Available

      Office space available for lease in Wichita, Kansas.
      9750 E 50Th St N, Wichita, KS 67216
      View Details
    • $15 SF/Yr
      13,912 SF

      Retail Suites on South Broadway

      Prime retail spaces available for lease on South Broadway.
      4921 South Broadway St, Wichita, KS 67216
      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.
    Wichita, KS 67216
    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.