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    1655 Rock Rd Wichita, KS 67207

    For Lease
    $15 SF/Yr ($7,875 /Mo)

    High-traffic retail space, redevelopment potential.

    Lot size:
    6,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6,300 square foot retail property, located at 1655 S. Rock Rd in Wichita, Kansas, presents a compelling investment opportunity. Situated on a 0.76-acre lot within the Cherry Creek Shopping Center, this single-story, Class C building boasts a prime location at the high-traffic intersection of Harry and Rock Road, known for its significant traffic volume and high population density. Currently configured as a two-suite storefront, the property offers flexible tenancy options and the potential to add a drive-thru. Zoned LC, this property offers a unique chance for redevelopment of the entire pad site. The property was built in 1984 and is available for lease starting January 2025. The surrounding area features a robust mix of established businesses including Legacy Bank, Bank of America, Sally Beauty Supply, Goodwill, Sonic, Village Inn, Dollar Tree, Dollar General, Meddys, Starbucks, and Subway, demonstrating strong consumer traffic and market demand. This property is an ideal location for a variety of retail uses and presents a significant opportunity for growth and return on investment.

    Property Features for 1655 Rock Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,300 SF
    Class
    C
    Total Rate
    7875

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 113
    Size
    5,300 SF
    Rate per SF
    $15

    HighLights

    • Lease Rate: $15.00 per square foot, NNN.
    • Available Space: 5,300 square feet in Suite 113.
    • Estimated Net Operating Income: $5.90 per square foot.
    • Parking: Ample, with convenient doorside access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vanderbilt's Clothing Store Tj Nails Nail Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.244384268698
    Latitude
    37.663395604354

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space, redevelopment potential.
    Where is this neighborhood center located?
    The property is located at 1655 Rock Rd Wichita, KS.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Lease Rate: $15.00 per square foot, NNN.; Available Space: 5,300 square feet in Suite 113.; Estimated Net Operating Income: $5.90 per square foot.
    Request Owner's contact information
    1655 Rock Rd 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
    1655 Rock Rd Wichita, KS 67207
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