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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3535 Rock Rd Wichita, KS 67226

    • Retail space
    • 23,504 SF
    • 0.54 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    $700,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0841658
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Planet Fitness / Gym / Fitness Center
    • Mo Jack Distributors / Tractor Repair Shop / Distribution Service
    • Scent Crusher / Manufacturer / Consultant
    • Sears Appliance Repair / Appliance Repair Service / Air Conditioning Repair Service
    • Liberty Asset Management / Real Estate Developer / Commercial Real Estate Agency

    Property Details for 3535 Rock Rd

    Year built
    1994
    Construction
    CONCRETE BLOCKS
    Lot size
    0.54 lot acres
    Property size
    23,504 SF
    Property type
    Retail space
    APN
    087-109-31-0-14-03-009.01
    APU
    87109310140300901

    Description

    This exceptional retail and industrial property, located at 3535 N Rock Rd, Wichita, KS 67226, offers a prime big-box location with significant potential. The 90,000 square foot warehouse boasts a multi-tenant configuration, currently featuring one available space of 40,000 square feet. The building includes two dock-high doors, ensuring efficient loading and unloading operations. Ample parking is available for both employees and customers. The property benefits from approximately 160 feet of prominent store frontage, maximizing visibility and attracting significant foot traffic. Long-term, established neighboring tenants provide a stable and desirable environment. Its strategic location provides excellent access to K-96 highway, offering unparalleled accessibility to the entire Wichita metropolitan area, with a drive time of under 15 minutes to virtually any point within the city. This presents a unique opportunity for businesses seeking a high-visibility, easily accessible location with substantial warehouse space in a thriving market. The property's size, features, and location combine to create a compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $875,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $523,000
      Market price range: $367k - $1.06M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $770,000
      Current use
      OFFICE BUILDING
      $1,155,000
      Change: +50% Conversion: Easy
      MEDICAL BUILDING
      $965,000
      Change: +25% Conversion: Difficult
      WAREHOUSE, STORAGE
      $730,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wichita
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2473
    Latitude
    37.7473
    CBSA code
    48620
    CBSA name
    WICHITA, KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $44,679
    $29,500
    $377,700
    $407,200
    -
    $118,000
    $1,510,800
    $1,628,800

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      2556 Greenwich Rd

      Neighborhood centers • 10,000 SF
      2556 Greenwich Rd, Wichita, KS 67226
      View Details
    • Value Estimation
      $1,225,000
      33,264 SF

      2762 Greenwich Ct

      RETAIL STORES (PERSONAL SERVICES) • 33,264 SF
      2762 Greenwich Ct, Wichita, KS 67226-7000
      View Details
    • Value Estimation
      $825,000
      26,270 SF

      3665 Rock Rd

      RETAIL STORES (PERSONAL SERVICES) • 26,270 SF
      3665 Rock Rd, Wichita, KS 67226-1322
      View Details
    • Value Estimation
      $1,490,000
      54,326 SF

      2959 Rock Rd

      RETAIL STORES (PERSONAL SERVICES) • 54,326 SF
      2959 Rock Rd, Wichita, KS 67226-1217
      View Details
    • Value Estimation by Request
      7,459 SF

      3731 Rock Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,459 SF
      3731 Rock Rd, Wichita, KS 67226-1307
      View Details
    • Value Estimation
      $940,000
      24,488 SF

      2640 Greenwich Ct

      RETAIL STORES (PERSONAL SERVICES) • 24,488 SF
      2640 Greenwich Ct, Wichita, KS 67226-8226
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      High-Traffic Retail Building For Sale

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      7,596 SF

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      6,648 SF building with high visibility and access.
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      2.85 Acres

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      Prime Wichita land, flexible development.
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    Similar Nearby for Lease

    • $12 SF/Yr
      10,216 SF

      Retail Space on Rock Road

      10,216 SF retail space available in move-in ready condition.
      3035 N Rock Rd, Wichita, KS 67226
      View Details
    • Contact for pricing
      26,270 SF

      Retail Building in High-Traffic Area

      26,270 SF retail building on 3.11-acre lot for lease.
      3615 N Rock Rd, Wichita, KS 67226
      View Details
    • $24 SF/Yr
      10,000 SF

      Greenwich Rd Retail Center

      Wichita, KS: Prime Retail Space Available
      2556 Greenwich Rd, Wichita, KS 67226
      View Details
    • $16 SF/Yr
      56,611 SF

      Comotara Center: Retail Space

      High-traffic retail center; multiple units available.
      2929 Rock Rd, Wichita, KS 67226
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    • Contact for pricing
      4,500 SF

      Retail Space in Regency Lakes

      Highly visible end cap in a dynamic retail development.
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    • Contact for pricing
      122,629 SF

      Wichita Retail Pad Sites Available

      Build-to-suit retail pads in prime Wichita location.
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      View Details
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    3535 Rock Rd
    Wichita, KS 67226
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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