3505 N Rock Rd, Wichita, KS 67226
For Sale
Contact for pricing
Restaurants
Property Size5,140 SF
Lot Size1.30 Acres
Price / SF$340.47
Days on Market288
Property Features for 3505 N Rock Rd
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Reece Nichols South Central Kansas
(316) 260-5900
Listed By:
Jake Steven · License KS #00233519
(316) 708-5960
Source:
Moodyscre
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 8 at 6:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reece Nichols South Central Kansas
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- Freestanding restaurant opportunity in NE Wichita.
- Located on Rock Road, Wichita’s main retail thoroughfare.
- Directly north of Highway K‑96.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,091
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,820
$1.2M
Cap Rate 7%
$872,729
$872.7K
Cap Rate 9%
$678,789
$678.8K
Market Conditions
NOI Build-Up for 5,140 SF
Gross rent
$87.6K $17.04/SF
− Vacancy
−$6.1K −$1.19/SF
EGI
$81.5K $15.85/SF
− OpEx
−$20.4K −$3.96/SF
NOI
$61.1K $11.89/SF
Area
Wichita, KS
Vacancy
7.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,820
Cap Rate 7%
$872,729
Cap Rate 9%
$678,789
Alternative Uses
Best Use
Specialty Retail
$872.7K
$763.6K – $1.02M
NOI $61,091 @ 7.0% cap · market cap 3.49%
Second Best
Retail
$750.6K
$656.8K – $875.7K
NOI $52,543 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,088 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
329k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 33%
Dining 32%
Shops & Services 18%
Apparel 13%
Sam's Club
Superstores
108,833 visits/mo
0.1 miles
Kohl's
Apparel
43,766 visits/mo
0.1 miles
McDonald's
Dining
30,283 visits/mo
0.1 miles
Braum's Ice Cream & Dairy Stores
Dining
21,339 visits/mo
0.2 miles
Jo-Ann Fabric and Craft
Shops & Services
16,473 visits/mo
0.1 miles
Demographics for 67226, KS
20,767
Population
9,256
Households
2.2
Avg Household Size
37
Median Age
52%
College-Educated
97%
High-School Grad
24.7 sq mi
ZIP Area
841
Density / Sq Mi
$88,603
Median Household Income
$49,666
Median Earnings
$1,164
Median Rent
$274,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Restaurants in Wichita
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
Where is this restaurant located?
The property is located at 3505 N Rock Rd Wichita, KS.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Freestanding restaurant opportunity in NE Wichita.; Located on Rock Road, Wichita’s main retail thoroughfare.; Directly north of Highway K‑96.
