NAI Martens Kansas Submarkets
NAI Martens VALLEY CENTER, KS
Submarket Report
Subdivisions
Population
Growth since 2015
Current Market Conditions
Since the beginning of 2023, Valley Center has seen 44 commercial sales, with 21 of those being land transactions. The average sale price across all 44 commercial transactions is $467,303. Notable sales include the Valley View Apartments, which sold for $3,030,000 in January 2024, and the Harvest Place Addition, which sold for $2,600,000 in October 2024
Construction and Infrastructure
Valley Center has experienced steady population growth, with recent estimates showing a 9% increase over the last decade, bringing the current population to 7,442 Census data reveals that the median household income is $77,959, while the average household income is $97,619 The local economy has been expanding as well, with new job opportunities emerging in sectors such as retail, healthcare, and manufacturing, further supporting the community’s growth and prosperity.
Infrastructure development has played a significant role in enhancing the area’s accessibility and service capacity Major improvements to Kansas Highway 96, including the addition of new lanes and the upgrading of intersections, have improved traffic flow and made it easier for Valley Center to connect with Wichita and surrounding areas Additionally, recent upgrades to the water distribution and wastewater treatment systems ensure that these essential services can support both current residents and new developments, fostering continued growth in the community.
New Developments
Valley Center is currently experiencing significant construction activity, with six residential subdivisions either in progress or proposed for development To encourage further growth and attract new residents, the city offers several construction incentives. The Housing Incentive Program for single-family homes provides a 100% property tax rebate for five years to first-time occupants who purchase a home in Valley Center between 2017 and 2025, with applications submitted to the Community Development Director. Additionally, the Commercial Housing Incentive Program targets multi-family developments, offering a 100% property tax rebate for three years for developers of new multi-family residences built between 2020 and 2025, subject to approval and certification Furthermore, the Special Assessments Rebate Program within the Prairie Lakes/Trails End TIF District provides a rebate of up to $1,200, or the total amount of special assessments paid (excluding certain assessments), for new single-family homes in the district, benefiting first-time occupants.
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NAI Martens Park City, KS
Jobs Created Hundreds in retail, hospitality, and construction
Millions in investments boosting the local economy.
Current Market Conditions
Since the beginning of 2023, there have been 39 commercial sales in Park City. The average sale price of these transactions was $1,028,000. Notable sales include Champ Town’s $8,183,770 investment in land, the $4,002,580 sale of the K&M Tire warehouse, Boyd Gaming’s acquisition of over $4 million in land, and Ironstone Village’s $4 3 million purchase to support its expansion
Construction and Infrastructure
Construction activity in Park City has been robust, marked by several significant developments Construction is underway on the expansion of Park City’s industrial park near 61st North and Seneca, which will add 53 acres of light industrial space with the Air Capitol Industrial Park 6th Addition The $500 million Champ Town development, which began in June 2024, is set to include attractions such as an aquarium, baseball facilities, and retail spaces. Park Centre, a 48-acre mixed-use development, is also progressing and will feature a senior center, residential units, and commercial space. Additionally, construction of the Golden Circle casino is scheduled to begin at the former Greyhound Park site, with an anticipated opening in 2025 Park City’s industrial sector is thriving, with warehouse property vacancy rates remaining below 5% The area’s strong infrastructure, including the expanding Air Capitol Industrial Park, positions it as a key location for light industrial businesses. Favorable pro-business policies and growing demand for industrial space driven by Wichita’s economic growth further support this industrial boom. Retail and mixed-use developments are also on the rise in Park City, exemplified by the ongoing Park Centre development. This project will include 416 apartment units, 89 townhomes, an 89,000-square-foot senior living facility, and 96,000 square feet of commercial space These residential and commercial expansions are expected to attract both local tenants and businesses, fostering a vibrant commercial environment
Emerging Trends
Park City is experiencing significant growth driven by tourism, retail expansion, and industrial development The $500 million Champ Town development, with attractions like an aquarium and baseball facilities, is expected to boost tourism and increase demand for retail and hospitality properties Retail and commercial growth is further supported by projects like the Golden Circle Casino and Ironstone Village, which will enhance the area's infrastructure. Small business tax cuts in Kansas and Park City's pro-business policies, including tax incentives and financing options like Industrial Revenue Bonds (IRBs), are encouraging entrepreneurial activity Park City's proximity to Wichita offers affordable land and easy access to the metro area, fueling both residential and commercial growth
Golden Circle Casino:
Opening in 2025, this highly anticipated development at the former Greyhound Park site will bring new entertainment, dining, and hospitality opportunities to Park City.
Park Center Development:
A 48-acre mixed-use project featuring 416 apartments, 89 townhomes, a senior living center, and 96,000 square feet of commercial space, enhancing Park City's residential and commercial offerings
Air Capitol Industrial Park Expansion:
Adding 53 acres of light industrial space, this expansion is attracting manufacturing and logistics businesses, boosting Park City's industrial growth
Champ Town Development:
A $500 million project featuring an aquarium, baseball facilities, retail spaces, and more, set to transform Park City into a major tourism destination
Highest&bestuse:Commercial/ Indiustrial
ExeptionalLocation:Uniqueopportunity forawiderangeofdevelopmental posibilities
SurroundingArea:Diversemixof residentialandcommercialproperties
NAI Martens KECHI, KS
Population
Growth since 2014
Current Market Conditions
Since the beginning of 2023, there have been 23 commercial sales in Kechi, with 17 of these involving land transactions. The average sale price across the 23 commercial transactions stands at $392,348. Notable sales include Chisholm Creak Kennels, which sold for $1,600,000 in January 2023, and 80 Acre MultiFamily Land, which was sold for $1,500,000 in March 2023
Construction and Infrastructure
Several new developments are currently underway in Kechi, each offering unique opportunities for both residential and commercial growth Northwoods is a single-family residential community with homes starting at $200K, located in a scenic area with easy access to K-254 and I-135 The first phase of the development is complete, and two more phases are planned. Kechi Business Park offers businesses the chance to own customized commercial space, with lots designed for office and warehouse construction, making it ideal for growing companies. Additionally, Turtle Creek is a planned 15,000 SF retail space along North Oliver Street, perfect for specialty shops, restaurants, or services. The development will include an Art Park, outdoor gathering areas, and open green spaces, with options for pad sites or build-to-suit, and is located within a potential property tax abatement area
The city of Kechi also provides various construction incentives to encourage business development. These include industrial revenue bonds (IRBs) and tax abatements based on factors such as job creation, capital investment, and business type. Speculative building incentives are available for eligible tenants in sectors like manufacturing, research, development, or warehousing and distribution, further supporting the growth of businesses in the area
Emerging Trends
Subdivisions in Kechi are increasingly emphasizing family-friendly designs that promote community engagement and an active lifestyle, with features like parks, walking trails, and various amenities. These developments attract homebuyers seeking a peaceful, suburban environment. Additionally, there is a growing focus on affordable housing within these subdivisions, catering to first-time homebuyers and younger families By offering diverse options, these developments meet the housing needs of a broader population, ensuring that individuals from different income levels can find homes in Kechi
Northwoods:
This planned 15,000 SF retail development in Kechi, KS offers an ideal location for specialty shops, restaurants, or service businesses. It features pad site or build-to-suit options, an Art Park, outdoor greenspace, and potential property tax abatements. 1 3 4 1 2 3 4
Northwoods Affordable Housing offers residential single-family homes starting at $200,000. With convenient access to K-254 and I-135, this scenic community provides a peaceful country lifestyle. Located within walking distance of Kechi City Park, Northwoods combines serene living with easy highway connectivity.
Turtle Creek Development:
Kechi Business Park:
This commercial district offers a prime opportunity to own space for your business, Conveniently located near K-254 and Woodlawn, it's just 15 minutes from Downtown or East Wichita, with easy access to K-254, I-135, and K-96.
Prime 5-Acre Commercial Lot:
A prime 4.95-acre opportunity with exceptional visibility from K-254! Located at the corner of 61st St N and Woodlawn near a highway exit, this level lot offers unmatched accessibility and potential, featuring paved road frontage and a highly convenient location. Represented by Kaitlyn Rosetter RE/MAX Associates
