1845 Rock Rd, Wichita, KS 67207-5242
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.
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Teriyaki House Restaurant
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Oishi | Poke Ramen Cajun Seafood Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.