Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    141 E Kay St, Derby, KS 67037

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office Units

    Type:Retail, Industrial, Office
    Property size:
    1,100 SF
    Added:
    Apr 17, 2023
    Days on Market:
    1123
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 141 E Kay St

    General Information

    Standard status
    Active
    Size
    1,100 SF
    Property subtype
    Retail, Industrial, Office

    Building Details

    Year Built
    1975

    Spaces For Lease

    at 141 E Kay St Contact us

    Suite 300 $12 /Mo

    Size
    1,000 SF
    Type
    Retail, Office
    Office space available in Derby at 141 Kay St, Suite 300! This 1,000 SF suite includes...
    show more
    Contact us

    Suite 100 - End Cap $12 /Mo

    Size
    1,100 SF
    Type
    Retail, Industrial, Office
    End-cap retail space available! 1,100 SF with an open layout, one restroom, and a...
    show more
    Contact us

    We can help!

    Listing Contact
    Johanna Kellner - Ledesma
    Johanna Kellner - Ledesma

    Listing agent Johanna Kellner - Ledesma License #Ks 244521

    Listing office Sperry Ad Astra Commercial

    Listing date Apr 17, 2023

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Sperry Ad Astra Commercial

    HighLights

    • Two spaces available: office suite (1,000 SF) and retail end‑cap (1,100 SF).
    • Office suite includes three private offices, two restrooms, and open area.
    • Retail space features an open floor plan, one restroom, and a back room.
    • Great visibility and easy customer access for the retail space.
    • Well‑managed building with ample parking.
    • Convenient location with easy access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Caitlin Ott - Photographer Photography Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Derby
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2691051
    Latitude
    37.5409516

    Nearby Similar for Lease

    • $18 SF/Yr

      Retail Space in Derby Marketplace

      Retail space in a desirable Derby shopping location.
      1636 N Rock Rd, Derby, KS
      View Details
    • $16 SF/Yr

      Retail Space in Derby Marketplace

      Retail space available in established Derby Marketplace shopping center.
      1930-1942 N Rock Rd, Derby, KS
      View Details
    • $20 SF/Yr

      Class A Office Space Available

      Office space for lease in Derby, Kansas near Rock Road.
      1719 Cambridge, Derby, KS
      View Details
    • $10 SF/Yr

      Warehouse and House on Land

      Warehouse and house on 0.503 acres with commercial zoning.
      6104 Southeast Blvd, Derby, KS
      View Details
    • $12 SF/Yr

      Derby Office Space Available

      Well-maintained 1,000 SF office space in Derby, Kansas.
      141 E Kay St, Derby, KS
      View Details
    • $16 SF/Yr

      Retail Space with Ample Parking

      Retail space with great visibility and flexible interior layout.
      1861 E Madison Ave, Derby, KS
      View Details
    • Contact for pricing

      Derby Town Center Retail Space

      10,000 SF retail space in Derby Town Center.
      200-260 W Greenway St, Derby, KS
      View Details
    • Contact for pricing

      Renovated Offices in Derby

      Individual office spaces available for lease in Derby, Kansas.
      330 E Madison Ave, Derby, KS
      View Details
    • Contact for pricing

      Equestrian Estate in Southeast Wichita

      34.37 acre equestrian estate with top-tier facilities.
      13930 E 39th St S, Derby, KS
      View Details
    • $24 SF/Yr

      Restaurant Space on Rock Road

      End-cap restaurant space with frontage on Rock Road available for rent.
      2307 N Rock Rd, Derby, KS
      View Details
    • $25 SF/Yr

      New Retail Center on Rock

      New retail center with high traffic and tenant improvement allowance.
      2901 N Rock Rd , Derby, KS
      View Details
    • Contact for pricing

      Derby Retail Space Opportunity

      Retail space in Derby, Kansas with highway access.
      711 N Baltimore Ave, Derby, KS 67037
      View Details

    FAQs

    Where is this office units located?
    The property is located at 141 E Kay St Derby, KS.
    What are key features of this property?
    This property features: Two spaces available: office suite (1,000 SF) and retail end‑cap (1,100 SF).; Office suite includes three private offices, two restrooms, and open area.; Retail space features an open floor plan, one restroom, and a back room.
    (316) 312-3385 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Johanna Kellner - Ledesma
    Johanna Kellner - Ledesma
    Real Estate License ID: Ks 244521
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    141 E Kay St, Derby, KS 67037
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!