Leased Retail Strip
320 N Rock Rd Derby, KS 67037
For Sale
Contact for pricing
100% leased retail strip center zoned B-3 General Business with convenient access near major highways.
Property Size7,910 SF
Lot Size0.88 Acres
Price / SF$175
Days on Market345
Property Features for 320 N Rock Rd
General Information
Standard status
Active
Size
7,910 SF
Lot size
0.88 Acres
Property subtype
RETAIL
Listing Agency:
Landmark Commercial Real Estate
(316) 409-8445
Listed By:
Ted Branson, SIOR · License #00246539
(316) 409-8445
Source:
Moodyscre
Added: Aug 19, 2025
Changed: Jul 28
Last Checked: Jul 28 at 3:00PM
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 Landmark Commercial Real Estate
Investment Insights
Based on property information with market context.
This 100% leased retail strip center is a fully occupied property designed for retail and service use, supported by a stable tenant mix. The building totals 7,910 SF and sits on 0.881 acres, with B-3 General Business zoning in place.
The center is located at the high-traffic intersection of Rock and Madison and is described as having approximately 15,320 VPD, supporting visibility and consistent exposure. The property also offers convenient highway access near Hwy K-15 and Hwy 96, with surrounding community amenities including schools and national retailers.
For buyers and brokers focused on steady income, the asset is currently occupied and positioned within Derby’s commercial corridor.
The center is located at the high-traffic intersection of Rock and Madison and is described as having approximately 15,320 VPD, supporting visibility and consistent exposure. The property also offers convenient highway access near Hwy K-15 and Hwy 96, with surrounding community amenities including schools and national retailers.
For buyers and brokers focused on steady income, the asset is currently occupied and positioned within Derby’s commercial corridor.
Key Highlights
- 100% leased retail strip center with a stable tenant mix
- 7,910 SF building on 0.881 acres, zoned B‑3 General Business for retail and service uses
- Located at the high‑traffic intersection of Rock and Madison (15,320 VPD)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $143.3k | $18.12 |
| − Vacancy | −$22.1k | −$2.80 |
| EGI | $121.2k | $15.32 |
| − OpEx | −$36.4k | −$4.60 |
| NOI | $84.8k | $10.72 |
7,910 SF · lease $18.12/SF/yr · vacancy 15.45% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,829 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,407 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - 100% leased retail strip center zoned B-3 General Business with convenient access near major highways.
Where is this strip mall located?
The property is located at 320 N Rock Rd Derby, KS.
What is the asking price?
The asking price for this property is $1,384,250.
What are key features of this property?
This property features: 100% leased retail strip center with a stable tenant mix; 7,910 SF building on 0.881 acres, zoned B‑3 General Business for retail and service uses; Located at the high‑traffic intersection of Rock and Madison (15,320 VPD)
