1885 Rock RdWichita, KS 67207

Property Details for 1885 Rock Rd

Year built

1987

Construction

FRAME

Lot size

0.36 AC

Property size (Sq ft)

4,814 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

087-119-31-0-14-01-008.00

APU

87119310140100800

Description

This exceptional commercial property at 1885 S Rock Rd, Wichita, KS 67207, presents a compelling investment opportunity. The property consists of two buildings totaling 9,614 square feet, zoned for General Commercial use. One building, at 1885 S Rock Rd, offers 4,814 square feet, with 3,000 square feet currently vacant and an additional 1,814 square feet leased to a restaurant tenant. The other building, at 1845 S Rock Rd (though the listing focuses on 1885), comprises 4,800 square feet and houses multiple restaurant tenants. The existing leases on this building generate a gross monthly income of $7,870 and expire between August 2027 and May 2028. The vacant 3,000 square foot space at 1885 S Rock Rd offers significant potential for value-add improvements and increased rental income. This property is ideally suited for investors seeking a blend of immediate income and future growth potential in a prime Wichita location. The property is available for sale or lease, presenting a flexible investment option for discerning buyers or tenants. The property's location on South Rock Road ensures high visibility and accessibility, making it an attractive proposition for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,219,212

  6.5%

  $1,125,427

  7%

  $1,045,039

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,459,636

  Geo Method

  $1,459,636

• Alternative Use

  Use

  Valuation

  Residential

  $949,340

  Hospitality

  $869,590

  Educational

  $723,489

  Medical

  $748,370

  Retail

  $1,125,427

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6595

Longitude

-97.2449

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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