317 Rock Rd Derby, KS 67037
- Strip malls
- 52,551 SF
- 7.04 lot acres
Current Use by Public Records
- Planet Fitness / Gym / Fitness Center
- Jimmys Egg - Derby KS / Breakfast Restaurant
- Westlake Ace Hardware / Hardware Store / Home Improvement Store
- The Mattress Hub Derby, KS / Mattress Store
Property Details for 317 Rock Rd
- Year built
- 1992
- Construction
- FRAME
- Lot size
- 7.04 lot acres
- Property size
- 52,551 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 087-233-07-0-11-01-001.01
- APU
- 87233070110100101
Description
This exceptional retail opportunity is located at the prominent intersection of Rock Road and Madison in Derby, Kansas. The 51,726-square-foot building sits on a sizable 7.04-acre lot and boasts 388 parking spaces, ensuring ample customer convenience. Currently, 5,390 square feet of space is available for lease, with a minimum divisible unit of 1,500 square feet. The available space is situated on the north side of the building and offers excellent visibility. The property is zoned B-3, General Business District, allowing for a wide range of retail uses. Built in 1992, the center enjoys a strong tenant base including Planet Fitness, Ace Hardware, The Mattress Hub, and Jimmy's Egg, indicating a thriving commercial environment. The immediate area is well-established, with nearby banks, medical offices, restaurants, and Derby High School driving consistent foot traffic. Tenant improvements are not reflected in the lease rate. 2023 property taxes totaled $194,768.28 (general) and $7.11 (special).
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,215,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,345,000
- 6.5%
- $1,305,000
- 7%
- $1,360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,130,000
- Geo Method
- $1,385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,305,000
- Retail
- $1,145,000
- Mixed-Use
- $1,160,000
- Hospitality
- $1,100,000
- Educational
- $1,055,000
- Residential Income
- $1,200,000
- Energy
- $1,250,000
- Income-Based Land
- $1,210,000
- Food Service
- $1,030,000
Location Insight
- Map
- Local Demand
- City
- Derby
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.2454
- Latitude
- 37.5471
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
