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    2812 N Rock Rd Derby, KS 67037

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    2812 N Rock Rd Derby, KS 67037

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    • Commercial land
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    Prime Retail/Restaurant Land Available For Sale
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    Prime Retail/Restaurant Land Available

    1.15 acre retail/restaurant land in rapidly growing Derby, Kansas.

    2812 N Rock Rd, Derby, KS 67037
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    Property ID
    US33-1631539
    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

    • Commercial land

    Property Details for 2812 N Rock Rd

    Property type
    Commercial land
    Property subtype
    Retail space

    Description

    - Lot Size 1.15 Acres - 2023 Taxes Generals: $2, 601.56 - Specials: $ 45.28 - Traffic Count 28,740 VPD on Rock Rd and Patriot Ave - Zoning B-3 General Business District - Prime retail/restaurant location with new development nearby - Close to Wichita, and MAFB with great visibility and high traffic - 155 ft of frontage on Rock Rd & 325 ft of depth - Located in rapidly growing city - Quick access to K-15 highway - Area Neighbors: Rock Regional Hospital, Wesley Derby ER, Heartland Cardiology, Field Station Dinosaur park, Hampton Inn, Don Hatton Chevrolet and many more!

    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
    -97.2436994
    Latitude
    37.5778482

    Comparable in this City

    • Contact for pricing

      High Volume Retail Center

      Retail center with NNN leases and diverse tenant mix.
      613-619 N Rock Rd, Derby, KS 67037
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      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
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      Leased Retail Strip Center

      Fully leased retail strip center in a prime Derby location.
      320 N Rock Rd, Derby, KS 67037
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      1,218 SF

      Retail Space Available For Sale

      End cap retail space with open floorplan, suitable for business.
      620 N Baltimore Ave, Derby, KS 67037
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      2,400 SF

      Flex Space with Great Visibility

      Flex space with easy access and prominent street visibility.
      421 E Madison Ave, Derby, KS 67037
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      2,400 SF

      Retail Building with Flex Rooms

      Retail building featuring flex rooms, break room, and storage area.
      421-423 E Madison Ave, Derby, KS 67037
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    Similar Nearby for Sale

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      High Volume Retail Center

      Retail center with NNN leases and diverse tenant mix.
      613-619 N Rock Rd, Derby, KS 67037
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      Prime Commercial Land on Rock

      Highly desirable Rock Road corridor pad site in Derby.
      Derby Rock Rd. & Cambridge St NW/c, Derby, KS 67037
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      2,400 SF

      Flex Space with Great Visibility

      Flex space with easy access and prominent street visibility.
      421 E Madison Ave, Derby, KS 67037
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      Derby Land Parcels For Sale

      Four parcels available in rapidly developing Derby, Kansas corridor.
      Buckner & Patriot Ave Nwc, Derby, KS 67037
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      Prime Retail Land Opportunity

      1.15 acre retail land in rapidly growing Derby, Kansas.
      2812 N Rock Rd, Derby, KS 67037
      View Details
    • Contact for pricing
      61,872 SF

      Derby Land for Retail Development

      Developing retail area near school and new hospital in Derby.
      Patriot Ave NW/c, Derby, KS 67037
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    Similar Nearby for Lease

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      Prime Land for Lease

      5 Acres with high visibility on Rock Road.
      2200 N Rock Rd, Derby, KS 67037
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      3,170 SF

      Restaurant Space on Rock Road

      End-cap restaurant space with frontage on Rock Road available for rent.
      2307 N Rock Rd, Derby, KS 67037
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      Derby Retail Space Opportunity

      Retail space in Derby, Kansas with highway access.
      711 N Baltimore Ave, Derby, KS 67037
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      New Retail Center Built 2023

      Brand new retail center located in an area of commercial growth.
      2901 N Rock Rd, Derby, KS 67037
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      Retail Space with Open Layout

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

      141 E Kay St, Derby, KS 67037

      Office Units
      141 E Kay St, Derby, KS 67037
      View Details
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    Derby, KS 67037
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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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