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Property profile & analytics
OFF-MARKET Estimated value $930,000
Strip malls

2929 Rock Rd Wichita, KS 67226-1190

18,500 SF 3.08 ac lot Built 1985
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US33-0194592
Property summary
AI-generated overview

Comotara Center offers exceptional retail space in a prime Sedgwick County location at the high-traffic intersection of 29th & Rock Rd, boasting 37,701 vehicles per day. This multi-tenant property comprises three buildings totaling 56,611 square feet situated on a 5.14-acre lot. Built in 1985, the center is zoned Limited Commercial (LC) and features ample parking with approximately 300 stalls. The property enjoys a strong tenant mix including established businesses such as The First Place, Imagine That Toys, Beau Monde Spa & Boutique, Mike Seltzer Jewelry, Kimchi, State Farm Insurance, Edward Jones, Asia Wok, 5 Guys Burger and Fries, and Dollar Tree. This strategic location benefits from proximity to numerous area neighbors, including Office Depot, Shoe Carnival, Kansas Sampler, Central Christian Church, Cold Stone Creamery, Chipotle, Buffalo Wild Wings, and Walmart, ensuring high visibility and customer traffic. This presents a unique opportunity for businesses seeking established presence in a thriving retail environment. The property's size and tenant occupancy make it an attractive investment for those seeking a diverse and well-established retail portfolio. The multiple tenancy structure offers flexibility for various business models and expansion opportunities.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Total area 18,500 SF
Lot 3.08 ac (134,165 SF)
APN 087-113-06-0-11-01-001.02
UPID US33-0194592
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
  • Mike Seltzer Jewelers (Bike/Boat/Book/etc) Store
  • Les Withrow - State Farm Insurance Agent Insurance Agency
  • Kevin R Rathert - State Farm Insurance Agent Insurance Agency
  • Herbalife Wichita Nutrition Sports Nutrition Store Weight Loss Service
  • Kimchi Korean Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$670k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$930k
Owner & transaction history
Pohl Asset Group 1 LLC · 3 yrs held
Pohl Asset Group 1 LLC
since 2022
2 recorded transactions
2022
Price N/A
2018
$1.6M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.4M +47.8%
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