2929 Rock RdWichita, KS 67226

Property Details for 2929 Rock Rd

Year built

1985

Lot size

3.08 AC

Property size (Sq ft)

18,500 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

087-113-06-0-11-01-001.02

APU

87113060110100102

Description

Comotara Center offers exceptional retail space in a prime Sedgwick County location at the high-traffic intersection of 29th & Rock Rd, boasting 37,701 vehicles per day. This multi-tenant property comprises three buildings totaling 56,611 square feet situated on a 5.14-acre lot. Built in 1985, the center is zoned Limited Commercial (LC) and features ample parking with approximately 300 stalls. The property enjoys a strong tenant mix including established businesses such as The First Place, Imagine That Toys, Beau Monde Spa & Boutique, Mike Seltzer Jewelry, Kimchi, State Farm Insurance, Edward Jones, Asia Wok, 5 Guys Burger and Fries, and Dollar Tree. This strategic location benefits from proximity to numerous area neighbors, including Office Depot, Shoe Carnival, Kansas Sampler, Central Christian Church, Cold Stone Creamery, Chipotle, Buffalo Wild Wings, and Walmart, ensuring high visibility and customer traffic. This presents a unique opportunity for businesses seeking established presence in a thriving retail environment. The property's size and tenant occupancy make it an attractive investment for those seeking a diverse and well-established retail portfolio. The multiple tenancy structure offers flexibility for various business models and expansion opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $4,699,802

  6.5%

  $4,338,278

  7%

  $4,028,401

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,244,745

  Geo Method

  $4,244,745

• Alternative Use

  Use

  Valuation

  Residential

  $3,659,500

  Hospitality

  $3,352,082

  Educational

  $2,788,893

  Medical

  $2,884,808

  Retail

  $4,338,278

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.7364

Longitude

-97.2459

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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