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    Rock Rd & Patriot Ave Derby, KS 67037

    For Sale
    $1,118,800

    KS Development Land: High-Growth Area, $1.1M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 97,287 square foot development land parcel presents a unique investment opportunity in Derby, Kansas. Situated at the intersection of Rock Rd and Patriot Avenue, this property benefits from its strategic location within a rapidly expanding retail corridor, less than ten minutes from Wichita. The area is experiencing significant growth, evidenced by recent additions such as the 30-bed Rock Regional Hospital and Field Station Dinosaur Park. Derby is actively fostering a self-sufficient business environment, attracting restaurants, entertainment venues, lodging establishments, and medical facilities. The property's convenient proximity to major employers like Spirit Aerospace and McConnell Air Force Base further enhances its appeal. Currently featuring concrete paving and striping suitable for parking, the seller is open to negotiating the removal of this existing infrastructure to suit the buyer's development plans. This General Business zoned lot offers substantial potential for a variety of commercial ventures, capitalizing on Derby's thriving economy and strategic location in Sedgwick County, Kansas, zip code 67037. The property's size and location make it ideal for a range of development projects, promising significant returns for the discerning investor. This is a rare opportunity to acquire a prime piece of land in a high-growth area with excellent access to major transportation routes and a strong local economy.

    Property Features for 0 Rock Rd & Patriot Ave

    General Information

    Property type
    Commercial land

    HighLights

    • 97,287 SF development land parcel in Derby, KS.
    • Prime location at Rock Rd and Patriot Ave, within a rapidly expanding retail corridor, less than 10 minutes from Wichita.
    • Strong local economy fueled by recent additions like Rock Regional Hospital and proximity to major employers (Spirit Aerospace, McConnell AFB).
    • General Business zoning allows for diverse commercial development.
    • Existing concrete paving and striping (removal negotiable).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Derby
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.245601032817
    Latitude
    37.577954957111

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    FAQs

    What type of property is this?
    Commercial land - KS Development Land: High-Growth Area, $1.1M
    Where is this commercial land located?
    The property is located at Rock Rd & Patriot Ave Derby, KS.
    What is the asking price?
    The asking price for this property is $1,118,800.
    What are key features of this property?
    This property features: 97,287 SF development land parcel in Derby, KS.; Prime location at Rock Rd and Patriot Ave, within a rapidly expanding retail corridor, less than 10 minutes from Wichita.; Strong local economy fueled by recent additions like Rock Regional Hospital and proximity to major employers (Spirit Aerospace, McConnell AFB).
    (316) 292-3946
    Request Owner's contact information
    Rock Rd & Patriot Ave Derby, KS 67037
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    Derby, KS 67037
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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
    Rock Rd & Patriot Ave Derby, KS 67037
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