5736 Kellogg DrWichita, KS 67209

Property Details for 5736 Kellogg Dr

Year built

1978

Construction

FRAME

Lot size

3.01 AC

Property size (Sq ft)

36,908 SF

Property type

Motels

APN

087-138-27-0-14-04-003.00

APU

87138270140400300

Description

This exceptional investment opportunity presents a 102-key dual-brand hotel (Motel 6 & Studio 6) in Wichita, Kansas. Boasting 36,908 square feet on a 3-acre lot, the property underwent renovations in 2021. The two-story building features 62 Motel 6 rooms (24 doubles, 38 kings) and 40 Studio 6 rooms (all double queens). With a strong net operating income (NOI) of $429,181 and an attractive 10.10% capitalization rate, this property offers significant return potential. Strategically located off Highways 54/400 and I-235, it enjoys convenient access to Wichita Dwight D. Eisenhower National Airport (a 4-minute drive), Towne West Square (8 minutes), and the Century II Convention Center (8 minutes). The hotel's proximity to downtown Wichita, Old Town, the Ball Park Baseball Stadium, and the Sedgwick County Zoo (all within 2 minutes) further enhances its appeal to a wide range of travelers. Additional nearby attractions include the INTRUST Bank Arena (8 minutes), Old Cowtown Museum (10 minutes), and Sedgwick County Zoo (12 minutes). The hotel's location near McConnell Air Force Base and Wichita State University also provides a consistent stream of guests. Built in 1978, this well-maintained property represents a compelling investment in a thriving Kansas city. The asking price is $3,900,000.

• CAP approach

  CAP return

  Valuation

  6%

  $6,461,066

  6.5%

  $5,964,062

  7%

  $5,538,057

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,435,811

  Geo Method

  $10,435,811

• Alternative Use

  Use

  Valuation

  Residential

  $6,511,022

  Hospitality

  $5,964,062

  Educational

  $4,962,029

  Medical

  $5,132,681

  Retail

  $7,718,712

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6739

Longitude

-97.4093

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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