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    421-423 E Madison Ave Derby, KS 67037

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    For Sale
    $310,000

    Retail building featuring flex rooms, break room, and storage area.

    Property size:
    2,400 SF
    Lot size:
    0.22 Acres

    Property Features for 421-423 E Madison Ave

    General Information

    Size
    2,400 SF
    Lot size
    0.22 Acres

    Source: J.P. Weigand & Sons, Inc. Agent Mark Schroeder

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Building with Flex Rooms

    This retail building offers three flex rooms, a break room, and a storage area. The building can be divided into two spaces, suitable for owner use and leasing. It is equipped with two HVAC systems. The property features both street and building signage, along with front and rear parking areas with improved pavement. Benefiting from high visibility and easy access from K-15/Baltimore, the location is near Madison Avenue Central Park, Derby City Hall, and Westview Retirement Center. The property has a size of 2400 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Derby
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2661671
    Latitude
    37.5476142

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    FAQs

    What type of property is this?
    Retail space - Retail building featuring flex rooms, break room, and storage area.
    Where is this retail space located?
    The property is located at 421-423 E Madison Ave Derby, KS.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: - Great visibility and easy access from K-15/Baltimore.; - Building can be demised into two spaces for owner use and leasing.; - Front and rear parking with improved pavement.
    (316) 292-3946
    Request Owner's contact information
    421-423 E Madison Ave Derby, KS 67037
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    Realmo Value Estimation

    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.

    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.

    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
    421-423 E Madison Ave Derby, KS 67037
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