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    The Largest CRE Database in the US with Over 1 Million Listings

    4001 Hwy 27 North Johnson, KS 67855

    Sponsored
    For Sale
    $399,000

    Farm / Farmhouse, Farm/Estate - Johnson, KS

    Type:Farm
    Property size:
    1,161 SF
    Lot size:
    313.00 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 2 at 3:06 am

    Property Features for 4001 Hwy 27 North

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    300
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Dining Room, Living Room
    Bedrooms
    2
    Bathrooms
    2
    APN
    094-081-01-0-00-00-003.00-0
    Parking features
    Garage
    Interior features
    Walk-in Closet
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Refrigerator, Washer
    Size
    1,161 SF
    Lot size
    313.00 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Year renovated
    1940
    Floors in Building
    2
    Flooring type
    Carpet, Vinyl
    Building materials
    Stucco
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Marleen English

    The Real Estate Agency Inc

    Listing agent Marleen English (620) 355-6789

    Listing date Jan 30, 2026

    MLS# 11166176 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

    Overview

    Kansas Farm with Highway Frontage

    Located 4 miles north of Johnson, Kansas, this farm property features 1 mile of Highway 27 frontage. The property includes 216 acres of grassland and 97 acres of dryland farm ground, both of which are currently leased and generating rent payments. The main house offers 2 bedrooms and 2 bathrooms, along with a new kitchen equipped with stainless steel appliances that will remain with the property. A large utility and laundry area is conveniently located near the entrance of the home. The master bedroom includes a spacious walk-in closet and a private bathroom. Several outbuildings are present on the property, including a well house, a bunk house, and a field house. A 100x50 Roundtop building features a concrete floor and a new automated 14 x 16' door. The Roundtop also includes several newer pens, each equipped with heat and AC units, remote-controlled ceiling fans, and outdoor access. The well on the property is 4 years old, and all mineral rights will transfer with the sale.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Johnson
    County
    Stanton
    State
    Kansas
    Longitude
    -101.761385
    Latitude
    37.63056

    FAQs

    What type of property is this?
    Farm - Farm property with leased land and highway frontage near Johnson.
    Where is this farm located?
    The property is located at 4001 Hwy 27 North Johnson, KS.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - 100x50 Roundtop with concrete floor, new automated 14 x 16' door, newer pens equipped with heat & AC units, remote controlled ceiling fans, and outdoor access.; - Income-producing property with 216 acres of leased Grassland and 97 acres of leased Dryland Farm Ground.; - All mineral rights pass with the sale.
    (620) 355-6789
    Request Owner's contact information
    4001 Hwy 27 North Johnson, KS 67855
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    Johnson, KS 67855
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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
    4001 Hwy 27 North Johnson, KS 67855
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    We can help!
    Listing Contact
    Marleen English
    (620) 355-6789
    Learn more
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