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 67218

    • Office Properties & Spaces
    • 21,114 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0699755
    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

    • Office Properties & Spaces

    Property Details

    Year built
    1953
    Construction
    CONCRETE BLOCKS
    Lot size
    0.26 lot acres
    Property size
    21,114 SF
    Property type
    Office Properties & Spaces
    APN
    087-127-36-0-13-07-001.00
    APU
    87127360130700100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $530,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $646,000
      Market price range: $647k - $1.73M

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.268
    Latitude
    37.6578
    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
    $248
    $2,150
    $0.00
    $2,150
    -
    $8,600
    $0.00
    $8,600

    Comparable in this City

    • Value Estimation by Request

      1069 Glendale Ave

      Coworking space
      1069 Glendale Ave, Wichita, KS 67218
      View Details
    • Value Estimation by Request
      4,245 SF

      3201-3203 Douglas Ave

      Individual retail properties • 4,245 SF
      3201-3203 Douglas Ave, Wichita, KS 67218
      View Details
    • Value Estimation by Request
      12,239 SF

      5631 Harry St

      Individual retail properties • 12,239 SF
      5631 Harry St, Wichita, KS 67218
      View Details
    • Value Estimation by Request
      0.17 Acres

      1120 Clifton Ave

      OFFICE (GENERAL) • 0.17 Acres
      1120 Clifton Ave, Wichita, KS 67218-2913
      View Details
    • Value Estimation
      $1,345,000
      55,595 SF

      5817 Kellogg Dr

      OFFICE (GENERAL) • 55,595 SF
      5817 Kellogg Dr, Wichita, KS 67218-1742
      View Details
    • Value Estimation by Request
      3,416 SF

      3212 Pawnee St

      Individual retail properties • 3,416 SF
      3212 Pawnee St, Wichita, KS 67218
      View Details

    Similar Nearby for Sale

    • $2,500,000
      19,972 SF

      Kellogg Hwy Class A Flex Space

      Wichita Flex Space: High Visibility, High ROI
      5025 Kellogg Dr, Wichita, KS 67218
      View Details
    • Contact for pricing
      3,680 SF

      High-Visibility Corner Commercial Property

      Versatile space with high traffic exposure and convenient access.
      504 S Edgemoor St, Wichita, KS 67218
      View Details
    • Contact for pricing
      11,250 SF

      East Wichita Office Building For Sale

      Centrally located office building with prominent signage and ample parking.
      5620 E Kellogg Dr, Wichita, KS 67218
      View Details
    • Contact for pricing
      26,579 SF

      Medical Office Space For Sale

      2,047 SF medical office space available near St. Joseph Hospital.
      1431 S Bluffview Dr, Wichita, KS 67218
      View Details
    • Contact for pricing
      1,800 SF

      Two Homes, One Lot

      Two homes on one lot, an income-producing opportunity.
      722 Belmont Ave #724 S Belmont Ave, Wichita, KS 67218
      View Details
    • Contact for pricing
      12,640 SF

      Wichita Warehouse with Fenced Yard

      12,640 SF warehouse with 24 loading positions and office.
      3215 W Pawnee St, Wichita, KS 67218
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      12,239 SF

      Prime Office/Retail Space Available

      Wichita Storefronts, Multiple Units
      5631 Harry St, Wichita, KS 67218
      View Details
    • $12 SF/Yr
      5,140 SF

      Wichita Office/Retail Space Available

      Newly remodeled, 5,140 sq ft, great location.
      610 Oliver Ave, Wichita, KS 67218
      View Details
    • $8 SF/Yr
      15,000 SF

      Prime Call Center Space Available

      15,000 SF Office; Sedgwick County
      1069 Glendale Ave, Wichita, KS 67218
      View Details
    • $650 /Mo
      1,300 SF

      Renovated Retail/Office Suites For Rent

      Newly renovated retail or office suites with utilities included.
      637-639 S Oliver Ave, Wichita, KS 67218
      View Details
    • $18 SF/Yr
      2,267 SF

      Medical Office Space For Lease

      Medical office space available on Via Christi St. Joseph Campus.
      1515 S Clifton Ave, Wichita, KS 67218
      View Details
    • $10 SF/Yr
      6,892 SF

      Office Space Near St. Joseph Hospital

      Flexible office spaces available near Ascension Via Christi St. Joseph.
      3900 E Harry St, Wichita, KS 67218
      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 67218
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.