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    1500 Tall Tree Rd, Unit 10101 Derby, KS 67037-6014

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    Property profile & analytics

    1500 Tall Tree Rd, Unit 10101 Derby, KS 67037-6014

    View on Map
    • Garden apartment buildings
    • 58,224 SF
    • 15.45 lot acres
    Off-Market
    Property ID
    US33-0411698
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $7,575,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rosemanthas Temporary Restroom Service of Derby / Public Bathroom
    • Bstboy's Place / Apartment Building
    • Punch Up Productions / Corporate Office / Business Park
    • Greens At Derby / Apartment Complex
    • Greens At Derby I/II / Apartment Complex

    Property Details for 1500 Tall Tree Rd

    Year built
    2006
    Construction
    FRAME
    Lot size
    15.45 lot acres
    Property size
    58,224 SF
    Property type
    Garden apartment buildings
    APN
    087-229-31-0-12-08-001.00
    APU
    87229310120800100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,485,000
      6.5%
      $6,910,000
      7%
      $6,415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $8,243,000
      Market price range: $1.78M - $8.24M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,015,000
      Current use
      OFFICE BUILDING
      $7,820,000
      Change: +56% Conversion: Moderate
      RESTAURANT
      $7,110,000
      Change: +42% Conversion: Difficult
      RETAIL STORES
      $6,080,000
      Change: +21% Conversion: Difficult
      WAREHOUSE, STORAGE
      $5,380,000
      Change: +7% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,115,000
      Change: +2% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Derby
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.254
    Latitude
    37.5723
    CBSA code
    48620
    CBSA name
    WICHITA, KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $243,282
    $77,384
    $1,701,609
    $1,778,993
    -
    $672,900
    $14,796,600
    $15,469,500

    Comparable in this City

    • Value Estimation
      $1,650,000
      23,166 SF

      400 Woodlawn Blvd, Unit 101

      GARDEN APT, COURT APT (5+ UNITS) • 23,166 SF
      400 Woodlawn Blvd, Derby, KS 67037-2252
      View Details
    • Value Estimation
      $1,185,000
      9,616 SF

      718 Klein Cir

      GARDEN APT, COURT APT (5+ UNITS) • 9,616 SF
      718 Klein Cir, Derby, KS 67037-7015
      View Details
    • Value Estimation
      $10,335,000
      81,872 SF

      2425 Newberry St, Unit 1101

      GARDEN APT, COURT APT (5+ UNITS) • 81,872 SF
      2425 Newberry St, Derby, KS 67037-4401
      View Details
    • Value Estimation by Request
      1,625 SF

      1508 Community Dr

      GARDEN APT, COURT APT (5+ UNITS) • 1,625 SF
      1508 Community Dr, Derby, KS 67037-3013
      View Details
    • Value Estimation
      $1,015,000
      9,750 SF

      701 Meadowlark Pl

      GARDEN APT, COURT APT (5+ UNITS) • 9,750 SF
      701 Meadowlark Pl, Derby, KS 67037-2939
      View Details
    • Value Estimation
      $920,000
      26,547 SF

      430 Derby Ave, Unit 100

      GARDEN APT, COURT APT (5+ UNITS) • 26,547 SF
      430 Derby Ave, Derby, KS 67037-1733
      View Details

    Similar Nearby for Sale

    • $143,100
      2.98 Acres

      Land in Exclusive Bluestem Estates

      Estate-sized lots in Derby School District, build your dream home.
      9 Blk A, Derby, KS 67037
      View Details
    • $35,000
      Pending

      Derby, KS Duplex Lots

      Duplex lots in Derby School District, ideal for investors.
      Willis Ct, Derby, KS 67037
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    • $35,000
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      Derby, KS Duplex Lots

      Duplex lots in Derby School District, ideal for investors.
      61 St, Derby, KS 67037
      View Details
    • $35,000
      Pending

      Derby, KS Duplex Lots

      Duplex lots in Derby School District, ideal for investors.
      61st St S, Derby, KS 67037
      View Details
    • $35,000
      Pending

      Derby, KS Duplex Lots

      Duplex lots in Derby School District, ideal for investors.
      Willis St, Derby, KS 67037
      View Details
    • $35,000
      Pending

      Derby, KS Duplex Lots

      Duplex lots in Derby School District, ideal for investors.
      Willis St, Derby, KS 67037
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Derby Retail Space Opportunity

      Retail space in Derby, Kansas with highway access.
      711 N Baltimore Ave, Derby, KS 67037
      View Details
    • Contact for pricing

      New Retail Center Built 2023

      Brand new retail center located in an area of commercial growth.
      2901 N Rock Rd, Derby, KS 67037
      View Details
    • Contact for pricing

      Prime Land for Lease

      5 Acres with high visibility on Rock Road.
      2200 N Rock Rd, Derby, KS 67037
      View Details
    • Contact for pricing
      3,617 SF

      Class A Office Space Available

      Office space for lease in Derby, Kansas near Rock Road.
      1719 Cambridge St, Derby, KS 67037
      View Details
    • Contact for pricing

      Prime Land Near Derby Marketplace

      Available land for ground lease or build-to-suit near retail.
      2306 N Rock Rd, Derby, KS 67037
      View Details
    • $12 SF/Yr
      8,460 SF

      Derby Retail Center Office Space

      Move-in ready office suite, 1,217 sq ft.
      620 Baltimore Ave, Derby, KS 67037
      View Details
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    Derby, KS 67037-6014
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    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
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