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    Harvest Place Addition lot 2 Blk E Valley Center, KS 67147

    View on Map
    Picture of Residential land & home lots at Harvest Place Addition lot 2 Blk E, Valley Center, KS
    Pending
    $33,000

    LAND - Valley Center, KS

    Lot size:
    0.21 Acres
    Added:
    Sep 18, 2025
    Days on Market:
    196
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for Harvest Place Addition lot 2 Blk E

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Multi-Family
    Standard status
    Pending
    APN
    30029669
    Lot size
    0.21 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    LOT 2 BLOCK E HARVEST PLACE ADDITION

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Karen Hampton
    Karen Hampton

    Listing agent Karen Hampton License #00052101

    Listing office RE/MAX Premier 2243 N Ridge Rd. Ste. 105, Wichita, KS

    Listing date Sep 18, 2025

    MLS# 662125

    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.

    Overview

    Valley Center Land for Sale

    Available for purchase are 60 lots located in Valley Center, with both single-family and duplex options. These lots are situated in the "Harvest Place Addition", a quarter mile east of Meridian off 93rd Street. The streets in Phase A are expected to be completed by May 2026. This is an open builder area, with builder and plans subject to approval by the architectural control committee. The HOA and restrictive covenants are currently under development. Lake and cul-de-sac lots are available. The location is near the Valley Center Rec Center and schools. A new elementary school at 85th and Seneca is projected to open in the fall of 2026. Special taxes are estimated at $209 per month for single-family lots and $308 per month for duplex lots, based on a 20-year payout. The lot sizes average approximately 0.21 acres. The property is zoned for multi-family use. The plat is available for review. Lots can be purchased individually or in unlimited quantities.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Valley Center
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.3133
    Latitude
    37.8563

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    FAQs

    What type of property is this?
    Residential land & home lot - Residential lots available in Valley Center's Harvest Place Addition.
    Where is this residential land & home lot located?
    The property is located at Harvest Place Addition lot 2 Blk E Valley Center, KS.
    What is the asking price?
    The asking price for this property is $33,000.
    What are key features of this property?
    This property features: Multiple lots available for single family or duplex homes.; Located in Valley Center, near the Rec Center and schools.; **Lake and cul‑de‑sac lots available.**
    (316) 641-9442
    We can help!
    Listing Contact
    Karen Hampton
    Karen Hampton
    Real Estate License ID: 00052101
    Learn More
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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
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