121 Water St Derby, KS 67037-1512
This exceptional Derby, KS office building presents a unique investment opportunity. Located on a 0.61-acre lot at 121 S Water St, this property offers a total of 2,936 square feet of versatile space. The main floor encompasses over 2,000 square feet of finished office space, featuring a welcoming reception area, three private offices, and a sizable meeting room, perfect for client interactions and team collaborations. A finished basement provides an additional 900 square feet, ideal for storage or expansion. Adding to its functionality is a separate 2,500 square feet of shop space, offering significant potential for various business uses. Two bathrooms cater to the needs of staff and visitors. The property also boasts a substantial 30 x 40 heated garage, equipped with a standard garage door and two additional access points, providing ample parking for up to six vehicles. Its convenient location next to Warren River View Park offers a blend of accessibility and a tranquil setting. This property is ready for immediate occupancy and presents a rare opportunity to acquire a well-designed and spacious commercial space in a desirable Derby location. The combination of office, shop, and ample parking makes this an ideal property for a variety of businesses seeking a prominent presence in the heart of Derby.
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Therapeutic Alliance Group Medical Clinic
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Bob Cook Homes Construction Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.