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Property profile & analytics
FOR SALE
Retail space

2040 Rock Rd Wichita, KS 67206-1280

11,592 SF 1.52 ac lot Built 2006
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US33-0740141
Property summary
AI-generated overview

Rock Road Plaza, located at 2040 S Rock Rd, Wichita, KS 67207, offers exceptional office and retail space. This single-story, 14,996 square foot building sits on 1.5 acres and boasts a newly renovated interior (2023), featuring 11-foot ceilings. The property is zoned for office and retail use, allowing for diverse tenant options, including restaurants and medical facilities. Multiple suites are available, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 1,900 square feet. The building offers ample parking with 200 spaces available. The property benefits from a high-traffic location at the intersection of Rock Road and Pawnee, with over 32,000 vehicles passing daily. Its proximity to McConnell Air Force Base, Beech Aircraft, residential areas, churches, and Southeast High School ensures a strong customer base. The property features 6000 Amps of power. Additional parking in the rear can be enclosed for enhanced security. Annual rent is $18 per square foot, NNN, with rates varying based on suite size, lease length, tenant improvements, and lease terms. This prime location offers easy access to the Derby market. The property is currently undergoing a complete remodel, including a new parking lot and signage, to enhance its appeal and attract high-quality tenants.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction FRAME
Total area 11,592 SF
Lot 1.52 ac (66,211 SF)
APN 087-113-08-0-22-03-005.01
UPID US33-0740141
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
  • Pottery Barn Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$655k
CAP Approach CAP
by Request
Comparable Approach Comparable
$608k
Blend (final) Blend
$655k
Owner & transaction history
Central 2020 LLC · 3 yrs held
Central 2020 LLC
since 2023
2 recorded transactions
2024
Price N/A
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $975,000 +121.9%
Auto repair, garage $885,000 +101.8%
Medical building $750,000 +70.6%
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