Platted Country Acreage with
For Sale
$225,000
Pending
13510 SW 220th St, Douglass, KS 67039
Land, Douglass, KS
Property Size880 SF
Lot Size8.90 Acres
Days on Market690
Property Features for 13510 SW 220th St
General Information
Property type
Land
Property subtype
Other
Zoning
Single Family
Subdivision
Marriah Ranch
Elementary school
Leonard C Seal
Middle school
Marvin Sisk
High school
Douglass
Elementary school district
Douglass Public Schools (USD 396)
Middle school district
Douglass Public Schools (USD 396)
High school district
Douglass Public Schools (USD 396)
Directions
Douglass - West on 1st St/SW 210th St, South on SW Indianola Rd, West on SW 220th to property
Standard status
Pending
APN
425-22-0-00-00-032-00-0
Lot size
8.90 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MARRIAH RANCH, S22, T29, R03E, LOT 1, ACRES 8.9
Tax Annual Amount
1227
Legal Description
MARRIAH RANCH, S22, T29, R03E, LOT 1, ACRES 8.9
Utilities
Utilities
Electricity Available
Listing Agency:
McCurdy Real Estate & Auction, LLC
(316) 867-3600
Listed By:
Braden McCurdy · License #BR00052737
(316) 683-0612
Added: Oct 16, 2024
Changed: Sep 3
Last Checked: Sep 5 at 3:06PM
MLS# 646968
Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a platted acreage tract featuring an approximate 880-square-foot barndominium with one bedroom, one bathroom, and a kitchen. A 30 by 32 outbuilding is also on site, and the tract is described as treelined. The sale includes covenants that permit well, lagoon, and septic, and the property is offered subject to the subdivision’s rules, regulations, and restrictions.
The tract is located in Marriah Ranch Platted Subdivision, on a corner lot off a country road, with an existing road already in place. Electric is available per seller, and rural water is available through RWD #3, or buyers can dig for a well. The property is approximately 5 miles to Douglass and 6 miles to Rose Hill.
This tract is identified as Tract 1. Animal and barndominium allowance is noted as subject to declarant approval, and buyers should verify school assignments, which are subject to change.
The tract is located in Marriah Ranch Platted Subdivision, on a corner lot off a country road, with an existing road already in place. Electric is available per seller, and rural water is available through RWD #3, or buyers can dig for a well. The property is approximately 5 miles to Douglass and 6 miles to Rose Hill.
This tract is identified as Tract 1. Animal and barndominium allowance is noted as subject to declarant approval, and buyers should verify school assignments, which are subject to change.
Key Highlights
- Large 8.9+\/- acre treelined corner lot suitable for building.
- Allows animals and Barndominiums (subject to approval).
- Includes an existing approximate 880 sq ft barndominium with one bedroom, one bath, and kitchen.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,787
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$135,740
$135.7K
Cap Rate 7%
$96,957
$97.0K
Cap Rate 9%
$75,411
$75.4K
Market Conditions
NOI Build-Up for 880 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$13.0K $14.76/SF
− Vacancy
−$649 −$0.74/SF
EGI
$12.3K $14.02/SF
− OpEx
−$5.6K −$6.31/SF
NOI
$6.8K $7.71/SF
Area
Butler County, KS
Vacancy
5.00%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$135,740
Cap Rate 7%
$96,957
Cap Rate 9%
$75,411
Alternative Uses
Best Use
Apartment 5plus
$97.0K
$84.8K – $113.1K
NOI $6,787 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$186.8K
$163.5K – $218.0K
NOI $13,078 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 67039, KS
3,106
Population
1,174
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
95%
High-School Grad
108.0 sq mi
ZIP Area
29
Density / Sq Mi
$97,697
Median Household Income
$45,578
Median Earnings
$921
Median Rent
$192,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Large corner lot acreage includes an existing barndominium, outbuilding, and utilities available through county services.
Where is this residential land & home lot located?
The property is located at 13510 SW 220th St Douglass, KS.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Large 8.9+\/- acre treelined corner lot suitable for building.; Allows animals and Barndominiums (subject to approval).; Includes an existing approximate 880 sq ft barndominium with one bedroom, one bath, and kitchen.
