Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8385 Waterway Ct Maize, KS 67101

    View on Map
    Claim this Listing
    For Sale
    $89,900

    LAND - Maize, KS

    Lot size:
    0.25 Acres
    Added:
    Jun 16, 2023
    Days on Market:
    1038
    Last Refresh:
    Apr 18 at 3:06 pm

    Property Features for 8385 Waterway Ct

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single Family
    Standard status
    Active
    APN
    30016936
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Description
    Lot 111 Block 5 The Coves

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Christina Weller
    Christina Weller

    Listing agent Christina Weller License #00247628

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

    Listing date Jun 16, 2023

    MLS# 626535 Listing URL

    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

    Luxury Lakeside Patio Home Land

    This property is located within the North Pointe at the Coves community in Maize, Kansas, within the Maize School District. It is a lakeside lot suitable for a luxury patio home. The community features a no-wake lake and scenic views. The lot size is approximately 0.25 acres. Approved builders for patio homes in this covenant community are Bob Cook Homes and Jim Gearhart Homes. HOA requirements apply.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maize
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.4404775
    Latitude
    37.7790701

    Nearby Similar for Sale

    • $365,000
      2,316 SF

      Turnkey Duplex in Maize School District

      Fully occupied duplex with immediate cash flow in Maize, Kansas.
      12055 / 12057 W Shadow Lakes St, Maize, KS 67205-5261
      View Details
    • $365,000
      2,316 SF

      Newer Duplex in Maize School

      Turnkey duplex in Maize School District, ready for investment.
      12105 / 12107 W Shadow Lakes St, Maize, KS 67205-5261
      View Details
    • $365,000
      2,316 SF

      Turnkey Duplex in Maize, Kansas

      Fully occupied duplex in Maize School District with immediate cash flow.
      12049 / 12051 W Shadow Lakes St, Maize, KS 67205-5261
      View Details
    • $423,800
      2,736 SF

      New Duplexes in Maize, KS

      New duplexes with modern amenities and spacious layouts.
      12242 W Rosemary St, Maize, KS 67223
      View Details
    • $439,800
      2,712 SF

      New Twin Homes in Maize

      Twin homes in Maize School District with modern amenities.
      12267 W Northstar St, Maize, KS 67223
      View Details
    • $349,900
      2,315 SF

      Duplex in Maize School District

      Rare duplex opportunity in a desirable Maize, Kansas location.
      429 S Longbranch Dr, Maize, KS 67101-7019
      View Details
    • $330,000
      3,630 SF

      Turnkey Investment Opportunity in Maize

      Tenant-occupied duplex in Maize, KS, generating immediate rental income.
      4727 N Roseann ct, Maize, KS 67101
      View Details
    • $895,000

      Prime Commercial Land in Maize

      20+ acre commercial land in Maize, Kansas growth area.
      10730 W 53rd St N, Maize, KS 67101
      View Details
    • $126,750

      Land in Maize School District

      Luxury lakeside patio home community in Maize, Kansas.
      8329 Waterway Ct., Maize, KS 67101
      View Details
    • $109,900

      Land in Lakeside Community

      Residential land in Maize School District lakeside community.
      8365 W Waterway Ct, Maize, KS 67101
      View Details
    • $2,050,000

      Fully Leased Retail Center

      Fully leased retail center with drive-thru restaurant end cap.
      5255 N Maize Rd, Maize, KS
      View Details
    • Contact for pricing
      4,582 SF

      Prime Corner Lot Opportunity

      Two parcels totaling 2.36 acres at a high-traffic intersection.
      10320 W 53rd, Maize, KS
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land for patio home in Maize School District.
    Where is this residential land & home lot located?
    The property is located at 8385 Waterway Ct Maize, KS.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: Luxury lakeside patio home community in the Maize School District.; Located on a no‑wake lake with large lots and scenic views.; Built by Wichita's premier builders: Bob Cook Homes and Jim Gearhart Homes.
    (316) 833-0796
    We can help!
    Listing Contact
    Christina Weller
    Christina Weller
    Real Estate License ID: 00247628
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!