Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    /C Derby, KS 67037

    Sponsored
    For Sale
    Contact for pricing

    Five prime commercial lots, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    419
    This exceptional offering presents five contiguous commercial land parcels ideally situated in Derby, Kansas, at the intersection of Buckner and Patriot (63rd St) SE. These lots boast a combined area ranging from 65,707 to 214,677 square feet, presenting a significant opportunity for various commercial ventures. The property is zoned for General Business use, allowing for a wide range of development possibilities, including retail, office, or medical facilities. The location benefits from its proximity to major thoroughfares, providing excellent visibility and accessibility. The area is experiencing rapid growth, with numerous residential subdivisions and established retailers such as Lowe's, Kohl's, Casey's General Store, Kwik Shop, and a future Menard's nearby, ensuring a strong customer base and high traffic volume. Specific lot sizes vary, with Lot 2, Lot 3, and Lot 4 each measuring approximately 71,705.89 sq ft, 71,683.01 sq ft, and 71,288.63 sq ft respectively, and previously offered at $8.00 per square foot. The total land area for all five lots is between 71,438.4 and 71,874 square feet, currently priced at $11 per square foot. This presents a unique chance to capitalize on the thriving Derby market and secure a prominent position in this rapidly expanding commercial corridor. The property is located in Sedgwick County, Kansas, with a zip code of 67037.

    Property Features for 0 /C

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Krista Lowry
    Krista Lowry

    Learn more

    HighLights

    • Five contiguous parcels on Patriot Ave (63rd St.) in Derby, KS, between K‑15 and Rock Road.
    • High‑growth area with strong retail presence including Lowe's, Kohl's, Casey's, Kwik Shop, and a future Menard's.
    • Suitable for retail, office, or medical uses.
    • Lot 2: 71,705.89 SF, $8/SF.
    • Lot 3: 71,683.01 SF, $8/SF.
    • Lot 4: 71,288.63 SF, $8/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Derby
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.2710955
    Latitude
    37.5769977

    Nearby Similar for Sale

    • $349,500
      1,133 SF

      Derby Duplex: Turnkey Investment Opportunity

      2016-built duplex in Derby, fully leased, income-generating property.
      3426 E Sunflower Dr, Derby, KS 67037
      View Details
    • $139,000
      1,250 SF

      Derby, KS Flex Space

      Garage condominium near McConnell Air Force Base, customizable for various uses.
      9125 E 47Th St S, Derby, KS 67037
      View Details
    • $139,000
      1,250 SF

      Garage Condominium Flex Space

      Garage condominium near McConnell Air Force Base, customizable for various uses.
      9125 E 47Th St S, Derby, KS 67037
      View Details
    • $139,000
      1,250 SF

      Rock 47 Flex Space

      Garage condominium near McConnell Air Force Base, customizable for various uses.
      9125 E 47Th St S, Derby, KS 67037
      View Details
    • $139,000
      1,250 SF

      Garage Condominiums Near McConnell AFB

      Garage condominiums for vehicle storage, showrooms, or customized flex use.
      9125 E 47Th St S, Derby, KS 67037
      View Details
    • $139,000
      1,250 SF

      Garage Condominiums Near McConnell AFB

      Garage condominiums perfect for storage, showrooms, or customized flex use.
      9125 E 47Th St S, Derby, KS 67037
      View Details
    • $139,000
      1,250 SF

      Rock 47 Flex Space

      Garage condominium near McConnell Air Force Base, suitable for flex use.
      9125 E 47Th St S, Derby, KS 67037
      View Details
    • New
      $139,000
      1,250 SF

      Rock 47 Flex Space

      Garage condominium near McConnell Air Force Base, customizable for various uses.
      9125 E 47Th St S, Derby, KS 67037
      View Details
    • $139,000
      1,250 SF

      Garage Condominium Flex Space

      Garage condominium at 47th and Rock Rd, near McConnell AFB.
      9125 E 47Th St S, Derby, KS 67037
      View Details
    • $975,000

      Equestrian Estate in Southeast Wichita

      34.37 acre equestrian estate with top-tier facilities.
      13930 E 39Th St S, Derby, KS 67037
      View Details
    • $1,384,250

      Leased Retail Strip Center

      Fully leased retail strip center in a prime Derby location.
      320 N Rock Rd, Derby, KS 67037
      View Details
    • $1,450,000
      14,064 SF

      Retail Center Near Wal-Mart

      Retail center with upside potential near Wal-Mart in Derby, KS.
      1900 Johnson Dr, Derby, KS 67037
      View Details

    FAQs

    What type of property is this?
    Land - Five prime commercial lots, ideal for development.
    Where is this land located?
    The property is located at /C Derby, KS.
    What are key features of this property?
    This property features: Five contiguous parcels on Patriot Ave (63rd St.) in Derby, KS, between K-15 and Rock Road.; High-growth area with strong retail presence including Lowe's, Kohl's, Casey's, Kwik Shop, and a future Menard's.; Suitable for retail, office, or medical uses.
    (316) 644-5063
    Request Owner's contact information
    /C Derby, KS 67037
    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.
    /C
    Derby, KS 67037
    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
    /C Derby, KS 67037
    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

    We can help!
    Listing Contact
    Krista Lowry
    Krista Lowry
    Real Estate License ID: SP00234011
    (316) 644-5063
    Learn more
    Google sign-in failed. Please try again or use another login method.