6815 Kellogg DrWichita, KS 67209

Property Details for 6815 Kellogg Dr

Year built

1996

Construction

FRAME

Lot size

10.95 AC

Property size (Sq ft)

108,278 SF

Property type

Hotels

APN

087-138-27-0-32-01-002.00-B

APU

087138270320100200B

Description

This exceptional investment opportunity presents the chance to acquire the 130-key Red Roof Inn & Conference Center at the Airport in Wichita, Kansas. Located at 6815 W Kellogg Dr, Wichita, KS 67209, this two-story, 88,634 square foot hotel sits on a five-acre lot with 300 parking spaces. Built in 1996 and renovated in 2023, the property boasts an interior corridor design and offers a range of amenities including free Wi-Fi, free coffee, and newly renovated guest rooms equipped with microwaves and refrigerators. On-site amenities also include a restaurant and bar, and three meeting/banquet rooms. A complimentary airport shuttle service adds further convenience. The hotel benefits from a highly desirable location, just two miles from Dwight D. Eisenhower Airport and near several key attractions including Towne West Square, Air Capital Memorial Park, and Newman University. The property is zoned GC and operates under a ground lease with 37 years remaining. The asking price is $2,100,000 ($23.69/sq ft), presenting a compelling opportunity for significant return on investment. The current operational underperformance offers substantial potential for future growth through rebranding or conversion to alternative uses such as affordable housing or senior living. This property offers a unique blend of established infrastructure and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $18,955,006

  6.5%

  $17,496,928

  7%

  $16,247,148

• Comparable approach

  Method

  Valuation

  Relative Method

  $30,615,822

  Geo Method

  $30,615,822

• Alternative Use

  Use

  Valuation

  Residential

  $19,101,562

  Hospitality

  $17,496,928

  Educational

  $14,557,239

  Medical

  $15,057,885

  Retail

  $22,644,594

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6711

Longitude

-97.4229

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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