The impedance formula you quoted assumes that the radiator is made of an ideal cylindrical conductor, ie., completely lossless idealized material that is represented by the boundary conditions: $n\cdot H=0$ and $n\times E=0$. Whatever low frequency inductance and/or capacitance it may have as a pair of metal pieces is already built in the formula.
It has a reactance because the pair of cylinders do not have a constant wave impedance as a pair of transmission lines (imagine you are pushing the far ends of parallel wires apart while keeping their feed points together) and also because the vacuum impedance ($377\Omega$) is not a proper termination at the far ends.
If by including the "velocity factor" you mean whether the formula would work for an antenna embedded in a homogeneous and lossless linear dielectric medium or some such then the answer is yes, $k=2\pi\sqrt {\mu_r \epsilon_r}/\lambda_0$, and $\lambda_0$ is the free-space wavelength.