Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1906 Rock Rd Derby, KS 67037
    Back to Search
    Property profile & analytics

    1906 Rock Rd Derby, KS 67037

    View on Map
    • Commercial real estate
    • 8,305 SF
    • 2.38 lot acres
    For Sale
    $2,700,000
    View Listing →
    Derby Marketplace Commercial Center For Sale
    $2,700,000
    8,305 SF

    Derby Marketplace Commercial Center

    Prime Derby location, 8,305 SF, flexible options

    1906 Rock Rd, Derby, KS 67037
    View Listing
    Property ID
    US33-1631551
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • IHOP / Restaurant
    • Farm Bureau Financial Services: Michelle Basgall / Insurance Agency
    • Pardon My Cheesesteak / Courier Service / Postal Service

    Property Details for 1906 Rock Rd

    Year built
    2017
    Lot size
    2.38 lot acres
    Property size
    8,305 SF
    Property type
    Commercial real estate

    Description

    This exceptional 8,305-square-foot commercial property is ideally situated in the thriving Derby Marketplace, along Derby's main commercial corridor on Rock Road. The center boasts a prime location amongst a collection of well-established national and regional retailers, including Dillons Marketplace, Target, TJ Maxx, Hobby Lobby, Chick-fil-A, Ross Dress for Less, McAlister's Deli, Dutch Bros, Firestone, DUNKIN, and Schlotzsky's, ensuring high visibility and foot traffic. The property features a desirable drive-thru end cap, perfectly suited for a restaurant or similar business. The layout includes two distinct end-cap spaces, one approximately 2,000 square feet and another approximately 4,800 square feet, both ideally designed for restaurant use. A central space of approximately 1,400 square feet offers additional flexibility for various commercial concepts or expansion opportunities. Flexible leasing options are available to accommodate diverse business needs. Adding to its appeal, a 0.62-acre adjacent pad site is available for separate development, presenting significant expansion potential. The property also offers the possibility of land splits, providing further adaptability for interested parties. This property represents a unique opportunity to establish or expand a business within a high-traffic, established commercial center in a rapidly growing area. The asking price is $2,700,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Derby
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.24345
    Latitude
    37.56678

    Comparable in this City

    • $157,500
      2.98 Acres

      Land in Bluestem Estates

      Estate-sized lot in Derby School District, build your dream home.
      1 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
      View Details
    • $35,000
      Pending

      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 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
      View Details
    • $35,000
      Pending

      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

      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
    • Contact for pricing

      Retail Space with Open Layout

      Retail space featuring an open floor plan and exposed ceilings.
      1636 N Rock Rd, Derby, KS 67037
      View Details
    • Contact for pricing

      141 E Kay St, Derby, KS 67037

      Office Units
      141 E Kay St, Derby, KS 67037
      View Details
    • Contact for pricing
      1,419 SF

      Retail Space in Derby Marketplace

      Retail space in a desirable Derby shopping location.
      1636 N Rock Rd, Derby, KS 67037
      View Details
    • Contact for pricing
      6,187 SF

      Retail Space in Derby Marketplace

      Retail space available in established Derby Marketplace shopping center.
      1930-1942 N Rock Rd, Derby, KS 67037
      View Details
    • Contact for pricing

      Derby Retail Space Opportunity

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

    Property Visit Statistics

    • Visits by month
      6.9k
    • Visitors by month
      4.9k
    • Avg Time on site
      54 min
    View Listing
    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.
    1906 Rock Rd
    Derby, KS 67037
    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
    1906 Rock Rd, 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!