6631 Kellogg DrWichita, KS 67207

Property Details for 6631 Kellogg Dr

Year built

1957

Construction

FRAME

Lot size

0.25 AC

Property size (Sq ft)

9,570 SF

Property type

Office buildings

APN

087-119-30-0-22-02-002.01

APU

87119300220200201

Description

This exceptional two-story office building, located at 6631 E Kellogg Dr in Wichita, Kansas, presents a unique investment opportunity. The property boasts a total of 9,570 square feet situated on a 10,695 square foot lot. Built in 1957, the building is zoned LC and offers a single tenancy configuration, allowing for flexibility and potential upside. The traditional office layout provides ample space for various business needs. With its convenient location in Wichita, Kansas, 67207, this property offers excellent accessibility and visibility. The building's solid construction and substantial lot size provide a strong foundation for future growth and development. The property's multiple configuration possibilities allow for customization to suit a variety of tenants or uses. This presents a rare chance to acquire a well-located, established office building with significant potential for increased value. The building's age offers the opportunity for modernization and upgrades to enhance its appeal and functionality. Serious inquiries are encouraged to explore the possibilities of this prime commercial real estate offering. The property's single-tenancy status allows for a streamlined management approach, while the substantial square footage provides ample room for expansion or subdivision. This is an ideal opportunity for investors seeking a stable, income-generating asset with significant long-term potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,648,800

  6.5%

  $1,521,969

  7%

  $1,413,257

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,151,462

  Geo Method

  $1,151,462

• Alternative Use

  Use

  Valuation

  Residential

  $1,887,241

  Hospitality

  $1,728,703

  Educational

  $1,438,260

  Medical

  $1,487,724

  Retail

  $2,237,294

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6783

Longitude

-97.2593

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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