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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Office buildings
250 Rock Rd Wichita, KS 67206-2203
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US33-0636208
Property summary
AI-generated overview
Lakeside Plaza, located at 250 N Rock Rd, Wichita, KS 67206, offers prime office space in a convenient east Wichita location. This Class B, three-story building totaling 31,844 square feet, was constructed in 1972 and sits on 2.4 acres of land. The property features a single elevator and ample parking with 90 spaces available. The building is zoned GO (General Office) in Sedgwick County and offers multiple tenancy options. Individual suites range from a minimum of 341 square feet to a maximum contiguous space of 1,507 square feet, with 4,126 square feet currently vacant. The building's strategic location near Central and Rock Roads provides easy access to a variety of amenities, including shopping, restaurants, and grocery stores, catering to the needs of office users. This property presents a fantastic opportunity for businesses seeking flexible and well-situated office space in a thriving Wichita neighborhood. The building consists of one structure with three stories.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
FRAME
Total area
34,584 SF
Lot
2.4 ac (104,544 SF)
APN
087-114-20-0-22-02-014.00
UPID
US33-0636208
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
-
Click Bond Logistics Company Moving Company
-
Full Circle Counseling Center Medical Clinic
-
Lindsay Mullins Carbajal, LCMFT LLC Counselor
-
Steve Reynolds, LCP, LCAC Psychotherapist
-
Wichita Therapy and Wellness Center Gym & Fitness Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$980k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.26M
Owner & transaction history
Hjh Wichita Rock LLC · 2 yrs held
Hjh Wichita Rock LLC
since 2024
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,055,000
Current use
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$36 / 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
$30,880
Tax year 2023
Assessed value
$302,350
Assessed 2024
Previous assessed
$268,025
+12.8% YoY
Effective rate
10.21%
On assessed value
Assessed land
$117,550
Assessed improvement
$184,800
Land market value
$470,200
Improvement market value
$739,200
Total market value
$1,209,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Bathrooms
2
Total area
34,584 SF
Lot
2.4 ac (104,544 SF)
APN
087-114-20-0-22-02-014.00
UPID
US33-0636208
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
OFFICE BUILDING Current
Est. value
$2.1M
OFFICE BUILDING Current
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
1972
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
2
Lot
2.4 ac
Current owner
From public records · entity-resolved
Hjh Wichita Rock LLC
Entity
Mailing address
300 W DOUGLAS AVE STE #1031, WICHITA, KS 67202-2911
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
—
Hjh Wichita Rock LLC
—
Deed
related
$1,275,000 · Standard Insurance Co
Jul 3, 2024
—
Hjh Wichita Rock LLC
Weigand Ornega Associates INC
Special Warranty Deed
$850,000 · Weigand-omega Associates INC
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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