63rd St. Derby, KS 67037
This exceptional 40-acre property presents a unique investment opportunity in the thriving Derby, Kansas area. Located at the intersection of Rock Road and 63rd Street South, this land boasts a strategic location just east of the southeast section, offering convenient access to major thoroughfares. Currently zoned RR, the property is suitable for a variety of uses, including agricultural, commercial, and residential development. A significant portion, approximately 29 acres, is immediately available, with the seller open to negotiating both the final acreage and the configuration to meet specific buyer needs. The site benefits from high visibility and traffic counts, with over 30,000 vehicles passing daily on Rock Road in 2022. Its proximity to the rapidly expanding city of Derby (just 10 minutes south of Wichita, population 392,000) and McConnell Air Force Base provides exceptional growth potential. Nearby amenities include the Derby Market Place and the new Derby North Middle School. The asking price is $2,722,500, with a land value of $2.50 per square foot. 2022 property taxes totaled $330.40. This is a rare chance to acquire a substantial parcel of land in a high-growth area with flexible development options.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.