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    106 Vermont Ter Greeley, KS 66033

    Sponsored
    For Sale
    $2,850,000

    Farm/Estate, Barn - Greeley, KS

    Type:Farm
    Property size:
    1,900 SF
    Lot size:
    151.00 Acres
    Days on Market:
    36
    Last Refresh:
    Jan 27 at 7:06 pm

    Property Features for 106 Vermont Ter

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Dining Room, Family Room, Living Room
    Bedrooms
    2
    Bathrooms
    1
    APN
    0020152100000002000
    Parking features
    Garage, Garage - Attached
    Interior features
    Walk-in Closet
    Appliances
    Refrigerator
    Size
    1,900 SF
    Lot size
    151.00 Acres

    Utilities

    Heating system
    Forced Air, Propane (Heating), Wood (Heating), Wood Stove

    Building Details

    Floors in Building
    2
    Flooring type
    Hardwood, Linoleum
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Dennis Matlock

    Brown Realty Co. of Rayville, Inc. (318) 728-9544

    Listing agent Dennis Matlock (318) 728-9544

    Listing date Dec 23, 2025

    MLS# 11610190 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.

    Learn more

    Property Insight Report

    Overview

    Versatile Farm with Recreational Potential

    The Hall 151, originally deeded in 1869, is a 151+/- acre farm located off Hwy 169, approximately 60 miles from Kansas City. The property has 1,680 feet of highway frontage. The lower 50 acres have supported a 100-head cow/calf operation for the past 34 years, while the upper 100 acres have served as a hunting preserve. A 10-year hunting lease remains in place through December 31, 2026, providing income. A shaded drive along Vermont Terrace leads to two secured, locked gates. Beyond the gates, a private road brings you across a live-water creek and into the heart of the property, where you'll find a 1900 square foot BarnDominium, plus a 1200 sq. ft. shop, all with a security system. Next door sits a classic 2800 sq. ft. red barn. The land is known for producing trophy bucks, and the turkey hunting is exceptional. There are five ponds, including a 2-acre bass pond that draws ducks in the fall. The ridge top features a 20-acre hay field that could be converted into a food plot, and the surrounding timber provides bedding cover. An additional 240 acres of neighboring habitat enhances wildlife quality. The lower 50 acres include 18 acres of hay meadows, a 4-acre corral with a cattle watering station, winter pasture, and multiple paddocks for rotational grazing. The entire property is fully fenced. Improvements include two smaller barns, six water hydrants, and a solid concrete dairy barn. The property is capable of supporting a cattle operation and a hunting preserve. The barndominium could be an outfitter lodge.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Greeley
    County
    Anderson
    State
    Kansas
    Longitude
    -95.091706
    Latitude
    38.38947

    FAQs

    What type of property is this?
    Farm - Historic 151-acre farm with income potential near Kansas City.
    Where is this farm located?
    The property is located at 106 Vermont Ter Greeley, KS.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: - Income-producing 10-year hunting lease in place through Dec. 31, 2026.; - Versatile property suitable for cattle operation, hunting preserve, or outfitter lodge.; - **Well-appointed BarnDominium, 1200 sq. ft. shop, and classic 2800 sq. ft. red barn with 360 security system.**
    (318) 728-9544
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    106 Vermont Ter Greeley, KS 66033
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    Greeley, KS 66033
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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
    106 Vermont Ter Greeley, KS 66033
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    We can help!
    Listing Contact
    Dennis Matlock
    (318) 728-9544
    Learn more
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