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    421 Madison Ave Derby, KS 67037

    For Sale
    $310,000

    KS Retail Building, $310,000

    Property size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 2,400 square foot retail building in Derby, Kansas, presents a compelling investment opportunity. Situated on a 9,378 square foot lot, this 1968-constructed property features one unit currently configured as a shopping center/storefront with three flex rooms, a break room, and storage. The building is zoned B-4 and can be easily divided into two spaces for owner-occupancy and leasing. Two HVAC systems ensure climate control. Excellent visibility and accessibility are provided by street and building signage, along with ample front and rear parking featuring improved pavement. The location offers convenient access from K-15/Baltimore and proximity to Madison Avenue Central Park, Derby City Hall, and Westview Retirement Center. Annual property taxes total $4,273.32 (general) and $6.71 (special). This property is priced at $310,000, representing a price per square foot of $129.17.

    Property Features for 421 Madison Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    2,400 SF

    Building Details

    Year Built
    1968
    Buildings
    1
    Units
    1

    HighLights

    • Sale Price: $310,000
    • Lot Size: 9,378 SF
    • Building Size: 2,400 SF
    • Year Built: 1968
    • Zoning: B‑4
    • Annual Property Taxes: $4,279.03
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elite Lawn Care ... Lawn Care Service Madison Avenue Salon Beauty Salon

    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
    -97.266214469701
    Latitude
    37.54795198481

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    FAQs

    What type of property is this?
    Lifestyle center - KS Retail Building, $310,000
    Where is this lifestyle center located?
    The property is located at 421 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: Sale Price: $310,000; Lot Size: 9,378 SF; Building Size: 2,400 SF
    Request Owner's contact information
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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 Madison Ave Derby, KS 67037
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