Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    212 Kay St Derby, KS 67037-1519
    Back to Search
    Property profile & analytics

    212 Kay St, Derby, KS 67037-1519

    View on Map
    • Auto shops
    • 2,400 SF
    • 0.32 lot acres
    Off-Market
    Property ID
    US33-0516222
    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

    • Service Automotive LLC / Auto Repair Shop

    Property Details for 212 Kay St

    Year built
    2011
    Construction
    WOOD
    Lot size
    0.32 lot acres
    Property type
    Auto shops
    APN
    087-241-12-0-24-06-005.00
    APU
    87241120240600500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 18, 2025 — Service Automotive LLC — Deed · related $165k · Fidelity Bank NA
    Aug 8, 2019 — M Douglas Low — Deed · related $204k · The Valley State Bank

    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
    -97.2718
    Latitude
    37.5415
    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
    $4,483
    $2,450
    $28,950
    $31,400
    -
    $9,800
    $115,800
    $125,600

    Comparable in this City

    • Value Estimation
      $500,000
      8,125 SF

      945 K 15th Hwy

      AUTO REPAIR, GARAGE
      945 K 15th Hwy, Derby, KS 67037-1832
      View Details
    • Value Estimation by Request
      5,040 SF

      722 Baltimore Ave

      AUTO REPAIR, GARAGE
      722 Baltimore Ave, Derby, KS 67037-1610
      View Details
    • Value Estimation by Request
      10,075 SF

      911 Buckner St

      AUTO REPAIR, GARAGE
      911 Buckner St, Derby, KS 67037-1822
      View Details
    • Value Estimation by Request
      0.17 Acres

      Derby, KS 67037

      AUTO REPAIR, GARAGE
      Derby, KS 67037
      View Details
    • Value Estimation by Request
      4,500 SF

      2524 Nelson Dr

      AUTO REPAIR, GARAGE
      2524 Nelson Dr, Derby, KS 67037-2581
      View Details
    • Value Estimation by Request
      2.42 Acres

      2526 Nelson Dr

      AUTO REPAIR, GARAGE
      2526 Nelson Dr, Derby, KS 67037
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Auto Shop with Wash Bay

      Auto shop with service and wash bays on large lot.
      901-911 N Buckner St, Derby, KS 67037
      View Details
    • Contact for pricing
      2,937 SF

      Derby Car Wash on Rock

      2,937 SF car wash on 0.78 acres.
      2825 N Rock Rd, Derby, KS 67037
      View Details
    • $4,100,000

      Derby Retail Center For Sale

      High-performing retail center in Derby, Kansas, 92% occupied.
      620 North Rock Rd, Derby, KS 67037
      View Details
    • $1,450,000

      Retail Center Near Wal-Mart

      Retail center with upside potential near Wal-Mart in Derby, KS.
      1900 Johnson Dr, Derby, KS 67037
      View Details
    • $139,000
      1,250 SF

      Derby, KS Flex Space

      Garage condominium near McConnell Air Force Base, customizable for various uses.
      9125 E 47Th St S, Derby, KS 67037
      View Details
    • Contact for pricing
      3,750 SF

      Retail/Office Building on Baltimore Avenue

      Two-story retail/office building with recent upgrades and high visibility.
      727 N Baltimore Ave, 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
    • $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
    • Contact for pricing
      10,000 SF

      Derby Town Center Retail Space

      10,000 SF retail space in Derby Town Center.
      200-260 W Greenway 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

      Retail Space with Open Layout

      Retail space featuring an open floor plan and exposed ceilings.
      1636 N Rock Rd, Derby, KS 67037
      View Details
    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.
    212 Kay St
    Derby, KS 67037-1519
    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
    212 Kay St, 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!