8400 87Th St Derby, KS 67037
This exceptional 55-acre parcel in Derby, Kansas, presents a unique investment opportunity. Located at 8400 E 87th St S, 67037, this property is ideally situated in the Dove Hollow Addition at the intersection of 87th and Rock Road. The land is zoned R1 Single Family Residential, allowing for the development of 119 single-family home lots. Each lot is platted and ready for immediate development, eliminating significant pre-development hurdles. The asking price for the entire 55-acre tract is $2,975,000, translating to an approximate price of $54,000 per acre. Individual lot prices are set at $25,000. This prime location offers excellent access to major roadways and amenities, making it highly attractive to homebuyers. The existing infrastructure and zoning make this a turnkey project for developers seeking a profitable residential development venture in a thriving Kansas community. Detailed plat maps and further information are available upon request. This is a rare opportunity to acquire a substantial, ready-to-develop residential land parcel in a desirable location. Don't miss this chance to capitalize on the strong demand for housing in the Derby area.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.