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    Rural Home with Attached Garages Title is generated by Realmo AI

    1232 COUNTY 362 DR, Portis, KS 67474

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    For Sale
    $195,000

    Farm/Estate, Ranch - Portis, KS

    Type:Farm
    Property size:
    1,400 SF
    Lot size:
    1.10 Acres
    Price / SF:
    $139/SF
    Added:
    May 4, 2026
    Days on Market:
    33
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 1232 COUNTY 362 DR

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
    Parking features
    Garage, Garage - Attached
    Basement Y/N
    1
    Appliances
    Microwave, Refrigerator
    Standard status
    Active
    Size
    1,400 SF
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Forced Air, Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1969
    Year renovated
    1969
    Floors in Building
    1
    Flooring type
    Carpet
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Josh Miller

    Listing agent Josh Miller

    Listing office Whitetail Properties 121 S. Madison Street, Pittsfield, KS

    Listing date May 4, 2026

    MLS# 11801109 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

    • Ranch home built in 1969 with about 1,400 SF on the main floor, brick veneer siding, and asphalt shingle roof
    • 3 bedrooms and 2 bathrooms, including a 3/4 attached bath and a main bathroom with a zero‑entry shower
    • Unfinished basement with cinder block foundation for storage and mechanical space, plus storm shelter potential
    • Attached 2‑car garage setup with electricity (two attached garages) for vehicles, tools, and storage
    • On 1.1 +/- surveyed acres with county road frontage and access near Portis, Kansas, about 1 1/4 miles west of State Highway 9
    • Private utilities include a private well, propane tank, and soft water system

    Overview

    This well-kept rural home was built in 1969 and offers approximately 1,400 square feet on the main floor. Brick veneer siding and a practical interior layout support comfortable everyday use, with a large combined living and dining room at the center of the home. The kitchen includes a breakfast bar, and a small mudroom offers a sink and washer/dryer area that’s suited to rural routines.

    The home includes three bedrooms and two bathrooms, with one bedroom featuring an attached 3/4 bath. The main bathroom offers a zero-entry shower. An unfinished basement with a cinder block foundation provides storage and mechanical space, with storm shelter potential and room for future improvement.

    Outside, the property sits on approximately 1.1+/- surveyed acres near Portis in Osborne County, Kansas, with access via a well-maintained county road. The home has two attached garages with electricity, providing enclosed space for vehicles, tools, lawn equipment, and general rural storage. Private utilities include a well, propane tank, and soft water system, supporting independent country living. The acreage and layout are well suited for those seeking a manageable country base with room for outdoor use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Portis
    County
    Osborne
    State
    Kansas
    Longitude
    -98.716901
    Latitude
    39.554753

    FAQs

    What type of property is this?
    Residential land & home lot - Well-kept rural home on surveyed acreage with two attached electric garages and private utilities for independent country living.
    Where is this residential land & home lot located?
    The property is located at 1232 COUNTY 362 DR Portis, KS.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Ranch home built in 1969 with about 1,400 SF on the main floor, brick veneer siding, and asphalt shingle roof; 3 bedrooms and 2 bathrooms, including a 3/4 attached bath and a main bathroom with a zero‑entry shower; Unfinished basement with cinder block foundation for storage and mechanical space, plus storm shelter potential
    (785) 534-2313
    We can help!
    Listing Contact
    Josh Miller
    Real Estate License ID: SP00236076
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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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