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

    Race Track Rd Junction City, KS 66441

    View on Map
    Sponsored
    For Sale
    $175,000

    LAND - Junction City, KS

    Lot size:
    24.10 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 25 at 5:06 pm

    Property Features for Race Track Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Fencing
    Barbed Wire
    Lot size
    24.10 Acres

    We can help!

    Listing Contact
    Lance Custer

    Coldwell Banker Mowry Custer, Realtors

    Listing agent Lance Custer

    Listing date Mar 25, 2026

    MLS# 20260722

    Copyright © 2026 Flint Hills Association of REALTORS. 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

    Recreational Land Near Fort Riley

    This 24.1-acre property, formerly known as the Whiskey Lake Race Track on the edge of Fort Riley's Marshall Field, offers a blend of local history and wide-open space, making it an ideal setting for recreational use. The open terrain and established track layout provide an environment for ATV riding and other recreational activities. It offers both convenience and seclusion. This property is suited for a private getaway or a place to enjoy the outdoors with family and friends.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Junction City
    County
    Geary
    State
    Kansas
    Longitude
    -96.75301353
    Latitude
    39.06119938

    Nearby Similar for Sale

    • $850,000
      7,579 SF

      Junction City Strip Mall Opportunity

      Vibrant strip mall with established businesses near Fort Riley.
      204 Grant Ave, Junction City, KS 66441
      View Details
    • $172,500

      Historic Commercial Space in Junction

      Charming commercial space in revitalizing downtown Junction City, Kansas.
      818 North Washington St, Junction City, KS 66441
      View Details
    • $250,000
      0.16 Acres

      Commercial Property on Washington Street

      Spacious commercial warehouse with office space on heavily traveled road.
      1406 N Washington St, Junction City, KS 66441
      View Details
    • $295,000

      Junction City Commercial Opportunity Zone

      Commercial building in Opportunity Zone near Fort Riley.
      232 West 18Th St, Junction City, KS 66441
      View Details
    • $799,000
      Pending

      Junction City Apartment Building

      12-unit apartment building in the heart of Junction City.
      239 S Jefferson St, Junction City, KS 66441
      View Details
    • New
      $115,000
      0.31 Acres

      Land with In-Ground Pool

      Land for sale with in-ground mineral springs salt water pool.
      2302 Lucy Ct, Junction City, KS 66441
      View Details
    • $559,000
      18,625 SF

      Junction City Industrial Warehouse

      18,625 SF Warehouse, $559,000
      530 8Th St, Junction City, KS 66441
      View Details
    • $1,600,000

      Commercial Buildings with Business Opportunities

      Multiple commercial buildings with diverse business and income potential.
      126 W Flint Hills Blvd, Junction City, KS 66441
      View Details
    • $1,900,000
      32,788 SF

      Junction City Commercial Property

      Prime Mixed-Use, I-70 Frontage
      1021 Goldenbelt Blvd, Junction City, KS 66441
      View Details
    • Contact for pricing

      Smoky Hill RV Park Asset

      RV park with 50 full hook-up sites for sale.
      219 W Flint Hills Blvd, Junction City, KS 66441
      View Details

    FAQs

    What type of property is this?
    Recreation land - Unique recreational land with history and outdoor possibilities near Fort Riley.
    Where is this recreation land located?
    The property is located at Race Track Rd Junction City, KS.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Unique property on the edge of Fort Riley's Marshall Field (former Whiskey Lake Race Track).; - Ideal for recreational use, including ATV riding.; - Established track layout already in place.
    (785) 226-0438
    Request Owner's contact information
    Race Track Rd Junction City, KS 66441
    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.
    Race Track Rd
    Junction City, KS 66441
    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
    Race Track Rd Junction City, KS 66441
    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

    We can help!
    Listing Contact
    Lance Custer
    Real Estate License ID: BR00052930
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!