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    OFF-MARKET
    Strip malls

    1845 Rock Rd, Wichita, KS 67207-5242

    4,800 SF 0.36 ac lot Built 1987
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US33-0584104
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1987
    Construction FRAME
    Total area 4,800 SF
    Lot 0.36 ac (15,682 SF)
    APN 087-119-31-0-14-01-010.00
    UPID US33-0584104
    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
    • Teriyaki House Restaurant
    • Oishi | Poke Ramen Cajun Seafood Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    HP VENTURES LLC
    HP VENTURES LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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