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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Strip malls
2307 Rock Rd Derby, KS 67037-3853
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US33-1537215
Property summary
AI-generated overview
This exceptional Class A retail property, located at 2307 N. Rock Rd in Derby, Kansas, offers 14,700 square feet of space divided into seven suites. Built in 2017, the property sits on a 1.9-acre lot and is zoned B-2, making it ideal for a variety of retail uses, including restaurants. The building boasts excellent visibility and accessibility with prominent Rock Road frontage and ample parking for customers and employees. Strong signage opportunities are available, including building and monument signage. The property benefits from high traffic counts and a desirable location near other established businesses such as Dutch Bros, McAlisters Deli, and Target, ensuring high visibility and foot traffic. This multi-tenant property presents a unique opportunity for businesses seeking a prime location in a thriving area of Sedgwick County, Kansas, with a zip code of 67037. The existing end-cap restaurant space is particularly noteworthy, offering immediate occupancy potential. This is a turnkey opportunity for a business looking to establish or expand its presence in a high-growth market.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2017
Total area
14,700 SF
Lot
1.9 ac (82,764 SF)
APN
087-229-31-0-11-02-003.01
UPID
US33-1537215
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
RedeFine Barbershop Hair Salon
-
Eyewear Junkie Optometry Physician
-
Eyewear Junkie Ophthalmologist (Bike/Boat/Book/etc) Store
-
Institute for Restorative Health Physician Alternative Medicine Practice
-
Doc Greens Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$875k
Owner & transaction history
Ht Prop South LLC Aspen Square Seri · 5 yrs held
Ht Prop South LLC Aspen Square Seri
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.4M
+57.7%
Auto repair, garage
$1.3M
+50.0%
Apartment house (5+ units)
$1.3M
+47.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Derby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Derby submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$860,000
Current use
WAREHOUSE, STORAGE
$1,360,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,290,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,265,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$1,025,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$60 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$116,171
Tax year 2023
Assessed value
$833,900
Assessed 2024
Previous assessed
$763,900
+9.2% YoY
Effective rate
13.93%
On assessed value
Assessed land
$186,700
Assessed improvement
$647,200
Land market value
$746,800
Improvement market value
$2,588,800
Total market value
$3,335,600
Applied tax rate
5,602.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2017
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
14,700 SF
Lot
1.9 ac (82,764 SF)
APN
087-229-31-0-11-02-003.01
UPID
US33-1537215
Jurisdiction
SEDGWICK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$860,000
WAREHOUSE, STORAGE
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Heating
YES
Cooling
Yes
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Ht Prop South LLC Aspen Square Seri
Entity
Mailing address
5615 HUFFMAN DR, KECHI, KS 67067-9054
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2021
—
Ht Prop South LLC Aspen Square Seri
—
Deed
related
$275,000 · Emprise Bank
May 6, 2021
—
Ht Properties South LLC
—
Deed
related
$2,082,533 · Emprise Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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