121 Water StDerby, KS 67037

  • Warehouses
  • 2,036 SF
For Sale
$399,000 View listing

Property Details for 121 Water St

Year built
1998
Construction
FRAME
Lot size
0.29 AC
Property size (Sq ft)
2,036 SF
Property type
Warehouses
Property subtype
Self storage facilities
APN
087-241-12-0-24-04-002.00
APU
87241120240400200

Description

This exceptional Derby, KS office building presents a unique investment opportunity. Located on a 0.61-acre lot at 121 S Water St, this property offers a total of 2,936 square feet of versatile space. The main floor encompasses over 2,000 square feet of finished office space, featuring a welcoming reception area, three private offices, and a sizable meeting room, perfect for client interactions and team collaborations. A finished basement provides an additional 900 square feet, ideal for storage or expansion. Adding to its functionality is a separate 2,500 square feet of shop space, offering significant potential for various business uses. Two bathrooms cater to the needs of staff and visitors. The property also boasts a substantial 30 x 40 heated garage, equipped with a standard garage door and two additional access points, providing ample parking for up to six vehicles. Its convenient location next to Warren River View Park offers a blend of accessibility and a tranquil setting. This property is ready for immediate occupancy and presents a rare opportunity to acquire a well-designed and spacious commercial space in a desirable Derby location. The combination of office, shop, and ample parking makes this an ideal property for a variety of businesses seeking a prominent presence in the heart of Derby.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $401,507
    Hospitality
    $367,778
    Educational
    $305,987
    Medical
    $316,511
    Retail
    $475,980

Location Insight

City
Derby
County
Sedgwick
State
Kansas
Latitude
37.5428
Longitude
-97.2731
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
$12,387
$1,800
$75,685
$77,485
-
$7,200
$302,740
$309,940

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