2040 Rock RdWichita, KS 67207

Property Details for 2040 Rock Rd

Year built

2006

Construction

FRAME

Lot size

1.52 AC

Property size (Sq ft)

11,592 SF

Property type

Retail properties

Property subtype

Retail space

APN

087-113-08-0-22-03-005.01

APU

87113080220300501

Description

Rock Road Plaza, located at 2040 S Rock Rd, Wichita, KS 67207, offers exceptional office and retail space. This single-story, 14,996 square foot building sits on 1.5 acres and boasts a newly renovated interior (2023), featuring 11-foot ceilings. The property is zoned for office and retail use, allowing for diverse tenant options, including restaurants and medical facilities. Multiple suites are available, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 1,900 square feet. The building offers ample parking with 200 spaces available. The property benefits from a high-traffic location at the intersection of Rock Road and Pawnee, with over 32,000 vehicles passing daily. Its proximity to McConnell Air Force Base, Beech Aircraft, residential areas, churches, and Southeast High School ensures a strong customer base. The property features 6000 Amps of power. Additional parking in the rear can be enclosed for enhanced security. Annual rent is $18 per square foot, NNN, with rates varying based on suite size, lease length, tenant improvements, and lease terms. This prime location offers easy access to the Derby market. The property is currently undergoing a complete remodel, including a new parking lot and signage, to enhance its appeal and attract high-quality tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $2,944,870

  6.5%

  $2,718,342

  7%

  $2,524,174

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,944,366

  Geo Method

  $2,944,366

• Alternative Use

  Use

  Valuation

  Residential

  $2,293,023

  Hospitality

  $2,100,396

  Educational

  $1,747,505

  Medical

  $1,807,605

  Retail

  $2,718,342

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.7202

Longitude

-97.2438

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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