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Property profile & analytics
FOR LEASE
Car washes
1655 S Rock Rd Wichita, KS 67207
Individually Owned
Free & Clear
Property ID
US33-0194551
For Lease
1 / 3
$795,000
1655 S Rock Rd, Wichita, KS 67207
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Property summary
AI-generated overview
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 profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1989
Construction
FRAME
Total area
9,812 SF
Lot
1.63 ac (71,003 SF)
APN
087-113-07-0-41-01-005.00
UPID
US33-0194551
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Vanderbilt's Clothing Store Boot Store
-
Tj Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$795k
Owner & transaction history
ROAD CAR WASH ROCK
ROAD CAR WASH ROCK
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$945,000
+26.0%
Apartment house (5+ units)
$825,000
+10.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wichita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wichita submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$750,000
Current use
RESTAURANT
$945,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$825,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$635,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$81 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$41,163
Tax year 2023
Assessed value
$369,613
Assessed 2024
Previous assessed
$357,283
+3.5% YoY
Effective rate
11.14%
On assessed value
Assessed land
$80,100
Assessed improvement
$289,513
Land market value
$320,400
Improvement market value
$1,158,050
Total market value
$1,478,450
Applied tax rate
6,702.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Car washes
Use group
CAR WASH
Status
For Lease
Year built
1989
Construction
FRAME
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Bathrooms
2
Total area
9,812 SF
Lot
1.63 ac (71,003 SF)
APN
087-113-07-0-41-01-005.00
UPID
US33-0194551
Jurisdiction
SEDGWICK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$750,000
RESTAURANT
Est. value
$945,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$825,000
MEDICAL BUILDING
Est. value
$635,000
AUTO REPAIR, GARAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
2
Lot
1.63 ac
Current owner
From public records · entity-resolved
ROAD CAR WASH ROCK
Individual
Free & Clear · 0 yrs held
Mailing address
1659 N ROCK RD, WICHITA, KS 67206-1224
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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