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    18042 165 Rd Smith Center, KS 66967

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    Sponsored
    For Sale
    $180,000

    Farm / Farmhouse, House (Detached) - Smith Center, KS

    Type:Farm
    Property size:
    1,674 SF
    Lot size:
    20.10 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 19 at 12:06 pm

    Property Features for 18042 165 Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    300
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Den, Dining Room, Kitchen, Living Room
    Bedrooms
    4
    Bathrooms
    2
    Parking features
    Carport, Garage, Garage - Detached
    Interior features
    Walk-in Closet
    Basement Y/N
    1
    Appliances
    Refrigerator
    Size
    1,674 SF
    Lot size
    20.10 Acres

    Utilities

    Heating system
    Forced Air, Propane (Heating)

    Building Details

    Year built
    1900
    Year renovated
    1900
    Floors in Building
    2
    Flooring type
    Hardwood
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Larry Riggs

    Kansasland Realty and Auction (785) 543-4440

    Listing agent Larry Riggs (785) 543-4440

    Listing date Mar 18, 2026

    MLS# 11675835 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

    Smith Center Farmhouse on Acreage

    Located just 2.5 miles from town, this country property features a 1900 farmhouse situated on 20.1 acres of land. The land includes crop and hay land, along with small livestock pens and sheds. The 1,674 square foot home includes four bedrooms and two bathrooms. The house has a wrap-around deck. The home's roof was replaced in 2023, central heat was installed in 2020, and the electric and plumbing were updated in 1994. Blown-in insulation has been added. The 15x7 kitchen features a simulated wood floor, painted cabinets, a double deep farm sink, and a 10.5x8.5 breakfast area. A 15x13.5 formal dining room includes original hardwood floors, a fan lite, a built-in corner cabinet, and access doors to the front entry and deck. The 15.5x12 living room features original hardwood floors, a fan lite, natural window light, and a deck access door. The 6.5x6.5 bathroom has a tile floor, standing sink, step-in shower, and cabinets with shelves and drawers. The 15.5x12 bedroom includes a walk-in closet and French doors. A 15x11 side entry contains laundry and office space with washer and dryer hookups, a desk area, and a large pantry and closet. The second floor includes attic access via a drop-down ladder. Additional features include a 15.5x15.5 bedroom with original hardwood floors and a walk-in closet, a 13.5x7 hallway/sitting area, a 15.5x11.5 bedroom with original hardwood floors, and a 14x14 bedroom with original hardwood floors. The 12x8 bathroom has a step-in shower, original hardwood floors, and a large walk-in closet. The property also includes a partial basement with interior access, limestone walls, a furnace, water heater, sump pump, and storage. A 32x30 garage and shop are present, along with a double carport. Utilities include well water, propane, and septic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Smith Center
    County
    Smith
    State
    Kansas
    Longitude
    -98.740899
    Latitude
    39.778714

    Nearby Similar for Sale

    • $85,000
      2,354 SF

      Downtown Smith Center Commercial Building

      Commercial building with retail space, apartments, and full basement.
      125 S Main St, Smith Center, KS 66967
      View Details

    FAQs

    What type of property is this?
    Farm - Country property with farmhouse, crop land, and outbuildings.
    Where is this farm located?
    The property is located at 18042 165 Rd Smith Center, KS.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: - 20.1 acres including crop and hay land, small livestock pens and sheds.; - Privately located only 2.5 miles from town.; - Recent roof replacement (2023) and central heat (2020).
    (785) 543-4440
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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
    18042 165 Rd Smith Center, KS 66967
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    Listing Contact
    Larry Riggs
    (785) 543-4440
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