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    20079 Irving Rd Chanute, KS 66720

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    Claim this Listing
    For Sale
    $599,900

    Farm/Estate, Ranch - Chanute, KS

    Type:Farm
    Property size:
    2,713 SF
    Lot size:
    73.12 Acres
    Price / SF:
    $221/SF
    Added:
    Nov 11, 2025
    Days on Market:
    164
    Last Refresh:
    Apr 24 at 8:06 am

    Property Features for 20079 Irving Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Zoning
    300
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Den, Dining Room
    Parking features
    Garage, Garage - Attached
    Interior features
    Walk-in Closet
    Appliances
    Dishwasher, Microwave, Washer
    Standard status
    Active
    APN
    067-047-25-0-00-00-006.04-0
    Size
    2,713 SF
    Lot size
    73.12 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2812

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2018
    Year renovated
    2018
    Floors in Building
    1
    Flooring type
    Carpet, Hardwood
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Jerry Daniels
    Jerry Daniels

    Listing agent Jerry Daniels

    Listing office ReeceNichols BajaRanch Team 1401 W Main Ste A, Chanute, KS

    Listing date Nov 11, 2025

    MLS# 11604455 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.

    Overview

    73-Acre Farm with Brick Home

    This 73-acre property offers country living with a classic brick home designed for comfort and functionality. Overlooking a peaceful pond and surrounded by open fields, the residence combines craftsmanship with modern conveniences. The durable metal roof and solid brick construction ensure quality, while the open floor plan creates an inviting flow throughout the living spaces. A spacious great room welcomes you with natural light and views, connecting to a bright, well-equipped kitchen. The formal dining room offers an elegant setting for entertaining, while a private office provides space for working from home. The primary suite serves as a relaxing retreat, complemented by additional bedrooms. The property includes a fully stocked pond. With 73 acres of open land, there's ample space for livestock, recreation, or future expansion. This property blends rural charm with refined living, located minutes from town conveniences. The property is zoned 300 and is located in Chanute, KS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Chanute
    County
    Neosho
    State
    Kansas
    Longitude
    -95.379059
    Latitude
    37.660561

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    FAQs

    What type of property is this?
    Farm - Scenic 73-acre farm featuring a classic brick home.
    Where is this farm located?
    The property is located at 20079 Irving Rd Chanute, KS.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: 73 scenic acres of land with a fully stocked pond, offering privacy, recreation, and potential for expansion or livestock.; Durable brick construction and metal roof ensure long‑lasting quality and low maintenance.; Open floor plan with spacious great room, well‑equipped kitchen, and formal dining room, ideal for comfortable living and entertaining.
    (620) 432-7653
    We can help!
    Listing Contact
    Jerry Daniels
    Jerry Daniels
    Real Estate License ID: SP00244895
    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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