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    00000 E HOBBS CREEK RD Gypsum, KS 67448

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    For Sale
    $1,350,590

    Farm/Estate, Other - Gypsum, KS

    Type:Farm
    Lot size:
    230.00 Acres
    Added:
    Aug 7, 2025
    Days on Market:
    274
    Last Refresh:
    May 7 at 2:06 pm

    Property Features for 00000 E HOBBS CREEK RD

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Zoning
    300
    Parking features
    Garage
    Standard status
    Active
    APN
    0852072600000002000
    Lot size
    230.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sean Petersen

    Listing agent Sean Petersen

    Listing office Wildlife Properties Land Company, LLC 110 E 8th St, Smith Center, KS

    Listing date Aug 7, 2025

    MLS# 11567787 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 230± acres of diverse land with agricultural, CRP income, and recreational opportunities.
    • Significant stream frontage with mature timber, creating ideal wildlife habitat and scenic views.
    • Productive tillable acres suitable for rental income or personal farming.
    • Eligible for "Hunt‑your‑own‑land" deer permits, potentially bypassing the draw system.
    • Mix of open meadows, stream bottom, and wooded draws suitable for building sites.
    • Convenient road frontage with easy access to Gypsum and Salina, KS.

    Overview

    Saline County Recreational Agricultural Land

    This 230± acre property in Saline County, Kansas, features income-producing agricultural ground, diverse wildlife habitat, potential building sites, and year-round recreation. The land includes meandering stream frontage shaded by mature timber, scenic rolling grasslands, and productive cropland. Multiple streams and riparian areas run through the heart of the property, providing water, fishing opportunities, and a natural travel corridor for whitetail deer, turkey, and upland birds. Mature cottonwoods, elms, and native brush create bedding and roosting habitat. The property includes tillable acres suitable for a variety of crops, as well as income from CRP habitat fields. Convenient road frontage provides easy access from Gypsum, KS, and Salina, KS. The mix of open meadows, stream bottom, and wooded draws makes this property suitable for building a country home, establishing a hunting retreat, or enjoying as a recreational getaway. The owner of properties greater than 80 acres are eligible for "Hunt-your-own-land" deer permits. The land breakdown is approximately 58.3 acres of tillable land, 128.12 acres of CRP habitat, and 43.58 acres of wildlife habitat, waterways, and riparian habitat. This tract is suitable as a multi-use farm, a hunting property, or a long-term land investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Gypsum
    County
    Saline
    State
    Kansas
    Longitude
    -97.401128
    Latitude
    38.635268

    FAQs

    What type of property is this?
    Farm - 230± acre property with stream frontage in Saline County, Kansas.
    Where is this farm located?
    The property is located at 00000 E HOBBS CREEK RD Gypsum, KS.
    What is the asking price?
    The asking price for this property is $1,350,590.
    What are key features of this property?
    This property features: 230± acres of diverse land with agricultural, CRP income, and recreational opportunities.; Significant stream frontage with mature timber, creating ideal wildlife habitat and scenic views.; Productive tillable acres suitable for rental income or personal farming.
    (603) 566-3417
    We can help!
    Listing Contact
    Sean Petersen
    Learn More
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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.

    More about this property
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