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    Nancy Kirk Matthew, Kansas City, KS

    License ID: SP00233965
    Compass Realty Group
    Years of Experience
    11

    Contact details

    Phone:
    (913) 244-5480

    Performance

    Listings
    11
    Total transactions
    107
    Total transactions amount
    $53M
    Price range
    $330k - 743k
    Average price
    $495k

    Listings

    For Sale (11)

    View map
    • $5,990,000
      122.13 Acres

      Prime Land in Gardner, Kansas

      122.13 acres with highway frontage, development potential in Gardner.
      33095 W 183Rd St, Gardner, KS 66030
      View Details
    • $17,669,025
      162.29 Acres

      Industrial Land Near I-35

      162.25 acres of industrial land near I-35 in Gardner, KS.
      30485 W 207Th St, Gardner, KS 66030
      View Details
    • $6,180,800
      193.15 Acres

      Spring Hill Land For Sale

      193.15 acre commercial land in high growth area.
      16685 W 207Th St, Spring Hill, KS 66083
      View Details
    • $4,039,560
      144.27 Acres

      Prime Land in Edgerton, Kansas

      144.27 acres with development potential in Edgerton, Kansas.
      18140 Four Corners Rd, Edgerton, KS 66021
      View Details
    • $3,000,000
      Pending

      80 Acres in Edgerton, Kansas

      80 acres of land with development potential in Edgerton, KS.
      W 183Rd St, Edgerton, KS 66021
      View Details
    • $1,067,040
      29.64 Acres

      29.64 Acres in Gardner, KS

      29.64 acres suitable for residential or multi-family development.
      Four Corners Rd, Gardner, KS 66030
      View Details
    • $3,077,305
      79.91 Acres

      Residential Development Land Opportunity

      79.91 acres suitable for residential development in Gardner, Kansas.
      167Th St, Gardner, KS 66030
      View Details
    • $1,960,000
      57.63 Acres

      57 Acres Development Land, Gardner

      Prime development location near 167th Street and Waverly Road.
      16300 Waverly Rd, Gardner, KS 66030
      View Details
    • $4,883,664
      Pending

      59.22 Acres in Edgerton, Kansas

      59.22 acres of mixed-use land in Edgerton, Kansas.
      19545 Sunflower Rd, Edgerton, KS 66021
      View Details
    • $2,425,500
      134.75 Acres

      134.75 Acres Investment Property

      134.75 acres of land suitable for crop and oil production.
      17975 Dillie Rd, Edgerton, KS 66021
      View Details
    • $1,755,000
      Pending

      Wellsville, Kansas Industrial Land

      39 acres of industrial land in Wellsville, Kansas.
      4775 Stafford Rd, Wellsville, KS 66092
      View Details

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    Nancy Kirk Matthew, Kansas City, KS
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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.

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