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    1845 Rock Rd Wichita, KS 67207

    For Sale
    $1,000,000

    High-yield, multi-tenant restaurant property.

    Property size:
    9,614 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity encompasses two adjacent properties at 1845 & 1885 S Rock Rd, Wichita, KS, totaling 9,614 square feet on a 0.72-acre lot. The property is currently generating income, presenting a strong value-add potential for the astute investor. 1845 S Rock Rd, a 4,800+ square foot building, houses two restaurant tenants under leases expiring between August 2027 and May 2028, generating a gross monthly income of $7,870. The neighboring property, 1885 S Rock Rd, offers 4,814 square feet, featuring one occupied restaurant suite (1,814+ sq ft) and a sizable vacant suite (3,000+ sq ft), ripe for lease-up or redevelopment. This dual-property offering presents a unique chance to acquire a well-located, income-producing asset with significant upside potential in a thriving Wichita market. The asking price for this combined property is $1,000,000. The existing leases provide immediate cash flow, while the vacant space and potential for lease increases offer substantial long-term growth opportunities. This is an ideal investment for those seeking a strong return on investment in a stable and desirable location.

    Property Features for 1845 Rock Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,614 SF
    Lot Size
    31,363 SF

    Building Details

    Year Built
    1987
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Teriyaki House Japanese Restaurant Oishi | Poke Ramen ... Japanese Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.24502
    Latitude
    37.65949

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield, multi-tenant restaurant property.
    Where is this commercial real estate located?
    The property is located at 1845 Rock Rd Wichita, KS.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (316) 260-5900
    Request Owner's contact information
    1845 Rock Rd Wichita, KS 67207
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    Wichita, KS 67207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1845 Rock Rd Wichita, KS 67207
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