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Property profile & analytics
FOR SALE
Strip malls
320 N Rock Rd Derby, KS 67037
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US33-0450501
For Sale
1 / 2
$570,000
320 N Rock Rd, Derby, KS 67037
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Total area
7,910 SF
Lot
0.88 ac (38,333 SF)
APN
087-233-08-0-22-02-017.00
UPID
US33-0450501
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$572k
Blend (final)
Blend
$570k
Owner & transaction history
Kale Group LLC · 4 yrs held
Kale Group LLC
since 2022
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$825,000
+78.4%
Warehouse, storage
$730,000
+57.7%
Auto repair, garage
$695,000
+50.0%
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
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$465,000
Current use
RETAIL STORES
$825,000
Change: +78% · Conversion: Easy
WAREHOUSE, STORAGE
$730,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$680,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$550,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$72 / 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
$44,094
Tax year 2023
Assessed value
$318,650
Assessed 2024
Previous assessed
$309,275
+3.0% YoY
Effective rate
13.84%
On assessed value
Assessed land
$76,800
Assessed improvement
$241,850
Land market value
$307,200
Improvement market value
$967,400
Total market value
$1,274,600
Applied tax rate
5,601.0000
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
For Sale
Year built
1995
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
7,910 SF
Lot
0.88 ac (38,333 SF)
APN
087-233-08-0-22-02-017.00
UPID
US33-0450501
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
$465,000
RETAIL STORES
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$695,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$680,000
MEDICAL BUILDING
Est. value
$550,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
1995
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Kale Group LLC
Entity
Mailing address
320 N ROCK RD STE #300, DERBY, KS 67037-3972
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
—
Kale Group LLC
New E B Properties LLC
Warranty Deed
$936,000 · Carson Bank
Dec 22, 2020
—
Lpl Southwest Kansas LLC
—
Deed
related
$48,410,000 · Wells Fargo Bank NA
Jun 19, 2018
—
Brackeen Holdings LLC
Ear Properties LLC
Warranty Deed
$574,000 · Rose Hill Bank
May 16, 2007
—
Derby Center LLC
Mmj LLC
Special Warranty Deed
$820,050 · M & I Marshall & Ilsley 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.
Try Rey
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