Garage Condominium Flex
For Sale
$139,000
4659 S Rock Rd, Derby, KS 67037
Shell-format units include rough-in plumbing and electrical, with build-to-suit options.
Property Size1,250 SF
Price / SF$111.20
Days on Market55
Property Features for 4659 S Rock Rd
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Commercial
Additional Details
Asking Price
$139,000
Utilities to Site
Yes
Property Use
Flex Space
Building Details
Building Size
1,250 SF
Year Built
2025
Listing Agency:
Heritage 1st Realty
(316) 512-1300
Listed By:
Dustin Lynam · License #00237038
(316) 259-9184
Source:
Albright-realty
Added: Sep 13
Changed: Nov 2
Last Checked: Nov 4 at 6:05AM
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 Heritage 1st Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2025 flex property is arranged as garage condominium units, each measuring 25 feet by 50 feet for a total of 1,250 square feet. The offered condition is a basic shell with rough-in plumbing and electrical; build-to-suit options are available.
The property sits at the corner of 47th Street and Rock Road, minutes from McConnell Air Force Base. Buyers can acquire one unit or multiple units.
The property sits at the corner of 47th Street and Rock Road, minutes from McConnell Air Force Base. Buyers can acquire one unit or multiple units.
Key Highlights
- Each unit measures 25 feet by 50 feet, totaling 1,250 square feet
- Basic shell delivery includes rough‑in plumbing and electrical
- Build‑to‑suit options are available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,599
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$151,980
$152.0K
Cap Rate 7%
$108,557
$108.6K
Cap Rate 9%
$84,433
$84.4K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$12.5K $9.96/SF
− Vacancy
−$759 −$0.61/SF
EGI
$11.7K $9.35/SF
− OpEx
−$4.1K −$3.27/SF
NOI
$7.6K $6.08/SF
Area
Sedgwick County, KS
Vacancy
6.10%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$151,980
Cap Rate 7%
$108,557
Cap Rate 9%
$84,433
Alternative Uses
Best Use
Flex RnD
$108.6K
$95.0K – $126.7K
NOI $7,599 @ 7.0% cap · market cap 5.47%
Second Best
Industrial
$91.6K
$80.1K – $106.8K
NOI $6,409 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$260.5K
$228.0K – $304.0K
NOI $18,237 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 67037, KS
30,005
Population
12,680
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
96%
High-School Grad
53.6 sq mi
ZIP Area
560
Density / Sq Mi
$84,666
Median Household Income
$46,305
Median Earnings
$1,085
Median Rent
$227,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Shell-format units include rough-in plumbing and electrical, with build-to-suit options.
Where is this flex space located?
The property is located at 4659 S Rock Rd Derby, KS.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Each unit measures 25 feet by 50 feet, totaling 1,250 square feet; Basic shell delivery includes rough‑in plumbing and electrical; Build‑to‑suit options are available
