Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Stone Farmstead with Cropland Title is generated by Realmo AI

    1201 N Rd 90 E, Hoxie, KS 67740

    View on Map
    Claim this Listing
    New
    For Sale
    $650,000

    Farm/Estate, Other - Hoxie, KS

    Type:Farm
    Property size:
    1,596 SF
    Lot size:
    239.75 Acres
    Price / SF:
    $407/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 1201 N Rd 90 E

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Living Room
    Parking features
    Garage, Garage - Detached
    Appliances
    Dishwasher, Refrigerator, Washer
    Standard status
    Active
    Size
    1,596 SF
    Lot size
    239.75 Acres

    Taxes and HOA fees

    Tax Annual Amount
    821

    Utilities

    Heating system
    Propane (Heating)

    Building Details

    Year built
    1901
    Year renovated
    1901
    Flooring type
    Vinyl
    Building materials
    Stone
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Kelly Isom

    Listing agent Kelly Isom

    Listing office HOMESTEAD AND LAND REALTY 504 W Crane St, Smith Center, KS

    Listing date Jun 4, 2026

    MLS# 11800691 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

    • 235.94‑acre farmstead northeast of Hoxie on N Road 90E, just north of E Road 10N
    • Historic 3‑bedroom, 2‑bath native stone home built 1901 with native stone walls about 21 inches thick
    • Home includes propane heating, window air conditioners, and a laundry room plus a small room leading to a tornado shelter
    • 3.81‑acre homesite with two water wells—one for the residence and one supplying the pasture and garden area
    • Farm acreage includes about 39.87 acres cropland and 196.07 acres fenced native grass pasture (two cropland parcels)
    • Cropland and pasture are leased through December 31, 2026; includes unattached single‑car garage/tool shed and separate farm building

    Overview

    This farmstead centers on a historic turn-of-the-century native stone home built from 1897 to 1901, with later concrete additions to expand the residence. The home sits on 3.81 acres and includes three bedrooms and two bathrooms, along with a living area, laundry room, and a small room leading to a tornado shelter. Heating is provided by propane heaters, and window air conditioners provide seasonal cooling. Native stone walls are approximately 21 inches thick, and there is an unattached single-car garage/tool shed plus a separate farm building on the homesite.

    The property totals approximately 235.94 acres and is located northeast of Hoxie on N Road 90E, just north of E Road 10N. It includes about 39.87 acres of cropland and 196.07 acres of fenced native grass pasture. The cropland is split into two parcels, with approximately 32 acres in the northwest corner and about 8 acres in the northeast portion. The homesite is served by two water wells, with one supplying the residence and the other serving the pasture and garden area. Electricity is available at multiple locations across the site.

    The cropland and pasture are currently leased through December 31, 2026. On-site fencing, agricultural buildings, and established water service support continued farm use, while the historic stone structure offers a distinctive setting for a rural retreat or hunting-focused lifestyle in the area where deer, turkey, pheasant, and quail are noted.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Pharmacy Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hoxie
    County
    Sheridan
    State
    Kansas
    Longitude
    -100.27918
    Latitude
    39.373223

    FAQs

    What type of property is this?
    Farm - Historic native-stone home on leased cropland and fenced pasture, with wells, outbuildings, and space for outdoor use.
    Where is this farm located?
    The property is located at 1201 N Rd 90 E Hoxie, KS.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 235.94‑acre farmstead northeast of Hoxie on N Road 90E, just north of E Road 10N; Historic 3‑bedroom, 2‑bath native stone home built 1901 with native stone walls about 21 inches thick; Home includes propane heating, window air conditioners, and a laundry room plus a small room leading to a tornado shelter
    (785) 282-4024
    We can help!
    Listing Contact
    Kelly Isom
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1201 N Rd 90 E, Hoxie, KS 67740
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!