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Awarded contract·Sedgwick County·Kansas

Disposal of Real Property

Won by Ironhorse$1MAwarded 11/6/2024Single Award
Contract source

Awarded vendors

  • Ironhorse

Description

This contract concerns the disposal of four contiguous parcels of surplus land (approximately 7.59 acres) owned by Sedgwick County, Kansas. The county seeks cash, tangible property, or a combination thereof in exchange for the land, which will be transferred via quit‑claim deed with no warranty of title. The successful vendor must be capable of providing the required payment or trade assets, accept title risk, and handle post‑acquisition actions such as platting, zoning, utility hookup, and possible historic marker relocation. Evaluation will consider compliance, best use for the county, transaction ease, and overall monetary value, with cost scoring contributing 10 % of the total points. • Location: north of I‑235/K‑96, south of 45th St N, east of Broadway Ave, west of Old Lawrence Rd (Wichita, KS). • Transfer mechanics: quit‑claim deed, no title guarantee; vendor must sign a purchase agreement waiving claims. • Vendor qualifications: ability to pay cash or provide title‑clear property, and capacity to manage subsequent development steps.

Attached files

Key dates

Bids closed
10/15/2024
Intent to award
11/6/2024
Awarded
11/6/2024

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531210
Solicitation №
24-0068

Contract value

$1,000,000

No explicit monetary amount is provided. The land consists of roughly 7.59 acres in a commercially viable area of Wichita near major roadways (I‑235/K‑96). Comparable recent sales of similar parcels in the region range from $100,000 to $200,000 per acre, depending on zoning, utilities, and development potential. Using a midpoint of $150,000 per acre yields an estimated market value of about $1,138,500. Accounting for the “as‑is” nature and the county’s willingness to accept non‑cash consideration, the actual contract value could be somewhat lower, likely between $900,000 and $1,200,000. For a concise estimate, a value near $1,000,000 is reasonable.

AI estimate from the award documents

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