Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    23+/- Acres 47th St. S & S 127th St. E Derby, KS 67037

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Derby, KS

    Lot size:
    23.00 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    29
    Last Refresh:
    May 7 at 3:06 am

    Property Features for 23+/- Acres 47th St. S & S 127th St. E

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Rural
    Standard status
    Active
    APN
    087-225-22-0-11-00-001.00
    Lot size
    23.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    NE1/4 SEC 22-28-2E

    We can help!

    Listing Contact
    Rick Brock

    Listing agent Rick Brock License #00032084

    Listing office McCurdy Real Estate & Auction, LLC 12041 E 13th St N, wichita, KS

    Listing date Apr 9, 2026

    MLS# 672483 Listing URL

    Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 23+/- acres of pasture/recreational land selling at ABSOLUTE AUCTION, regardless of price.
    • Premier homesite potential with water (Spring Creek) and mature trees.
    • Located on a corner lot with blacktop frontage on 47th St S.
    • Pond potential on the property.
    • Clear title at closing, no back taxes.
    • Zoned Rural Residential, with easy access to Derby, Rose Hill & Wichita.

    Overview

    23 Acres Pastureland Near Derby

    This 23+/- acre parcel, located on the corner of 47th Street S and 127th Street E just outside Derby, offers potential for a homesite. The property features blacktop frontage on 47th Street, mature trees, and Spring Creek running through it. It is zoned Rural and located minutes from Derby, Rose Hill, and Wichita. The property has pond potential and is suitable for recreational use. There are cattle on the parcel. The acreage amount is approximate and subject to final survey. Taxes on the individual parcel will be estimated at closing as final amounts will not be available until such time as the lot split is finalized. Possession will be given at closing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Derby
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.192505
    Latitude
    37.604431

    Nearby Similar for Sale

    • $139,000

      Garage Condominiums Near McConnell AFB

      Garage condominiums for vehicle storage, showrooms, or customized flex use.
      9125 E 47th St S, Derby, KS 67037-9406
      View Details
    • $139,000

      Garage Condominium Flex Space

      Garage condominium near McConnell Air Force Base, customizable for various uses.
      9125 E 47th St S, Derby, KS 67037-9406
      View Details
    • $139,000

      Garage Condominiums Near McConnell AFB

      Garage condominiums perfect for storage, showrooms, or customized flex use.
      9125 E 47th St S, Derby, KS 67037-9406
      View Details
    • $139,000

      Derby, KS Flex Space

      Garage condominium near McConnell Air Force Base, customizable for various uses.
      9125 E 47th St S, Derby, KS 67037-9406
      View Details
    • $139,000

      Rock 47 Flex Space

      Garage condominium near McConnell Air Force Base, customizable for various uses.
      9125 E 47th St S, Derby, KS 67037-9406
      View Details
    • $139,000

      Rock 47 Flex Space

      Garage condominium near McConnell Air Force Base, suitable for flex use.
      9125 E 47th St S, Derby, KS 67037-9406
      View Details
    • $139,000

      Garage Condominium Flex Space

      Garage condominium at 47th and Rock Rd, near McConnell AFB.
      9125 E 47th St S, Derby, KS 67037-9406
      View Details
    • $139,000

      Rock 47 Flex Space

      Garage condominium near McConnell Air Force Base, customizable for various uses.
      9125 E 47th St S, Derby, KS 67037-9406
      View Details
    • $492,878

      Prime Commercial Land in Derby

      1.46 acres in high-growth Derby commercial hub.
      BLOCK B lot: 2, Derby, KS 67037
      View Details
    • $4,100,000
      37,038 SF

      Derby Retail Center For Sale

      High-performing retail center in Derby, Kansas, 92% occupied.
      620 North Rock Road, Derby, KS 67037
      View Details
    • $4,100,000
      37,038 SF

      Derby Retail Investment Opportunity

      Retail investment property in Derby, KS with national and regional tenants.
      620 N. Rock, 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 Drive, Derby, KS 67037
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 23 acres of pastureland with pond and creek near Derby.
    Where is this agricultural land / farmland located?
    The property is located at 23+/- Acres 47th St. S & S 127th St. E Derby, KS.
    What are key features of this property?
    This property features: 23+/- acres of pasture/recreational land selling at ABSOLUTE AUCTION, regardless of price.; Premier homesite potential with water (Spring Creek) and mature trees.; Located on a corner lot with blacktop frontage on 47th St S.
    (316) 867-3600
    We can help!
    Listing Contact
    Rick Brock
    Real Estate License ID: 00032084
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    23+/- Acres 47th St. S & S 127th St. E, Derby, KS 67037
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!