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    Secluded Lawrence Land Parcel Title is generated by Realmo AI

    Lot 10 East 845th Road, Lecompton, KS 66050

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    For Sale
    $295,900

    Rare 10-acre parcel near Lawrence, Kansas with utilities.

    Type:Land / Rural
    Lot size:
    10.00 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 2 at 8:46 pm

    Property Features for Lot 10 East 845th Road

    General Information

    Standard status
    Active
    Lot size
    10.00 Acres
    Property subtype
    Land / Rural

    We can help!

    Listing Contact
    ANGEL NUZUM
    ANGEL NUZUM

    Listing agent ANGEL NUZUM

    Listing office MCGREW REAL ESTATE

    Listing date Mar 25, 2026

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of MCGREW REAL ESTATE

    HighLights

    • Rare combination of rolling terrain, mature hardwood timber, and genuine seclusion close to Lawrence, Kansas.
    • Ten acres with an 85‑foot elevation change creating ridgeline views, wooded privacy, and a sheltered valley.
    • Utilities available at the road: water, electric, and Midco high‑speed fiber internet.
    • Multiple build sites identified and mapped on dramatic but accessible terrain.
    • Front three acres thoughtfully cleared, creating a park‑like setting under mature hardwoods.
    • Proximity to the new Kansas City Chiefs stadium (20 miles) potentially reshaping land values.

    Overview

    This property is a rare composition of rolling terrain, mature hardwood timber, and genuine seclusion, located just five minutes from the heart of Lawrence, Kansas. The property spans approximately ten acres of Douglas County countryside, shaped by an 85-foot elevation change that creates a natural bowl with ridgeline views at the top, wooded privacy on the slopes, and a sheltered valley floor below. The front three acres have been thoughtfully cleared, revealing a park-like setting beneath a mature canopy of native hardwoods. Utilities are available at the road, including water, electric, and Midco high-speed fiber internet. Multiple build sites have been identified and mapped across terrain. The new Kansas City Chiefs stadium, slated for a Kansas-side location just 20 miles from this property, is poised to reshape land values across the corridor. The property sits at the intersection of established livability and emerging opportunity: close enough to everything, removed enough from everyone.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Lecompton
    County
    Douglas
    State
    Kansas
    Longitude
    -95.344878
    Latitude
    39.021784

    Nearby Similar for Sale

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    • $294,900

      Specialty Property for Sale

      A specialty commercial property in Douglas County, positioned on the west side of E 600 Road.
      000 E 600 Road, Lecompton, KS 66050
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    FAQs

    What type of property is this?
    Land - Rare 10-acre parcel near Lawrence, Kansas with utilities.
    Where is this land located?
    The property is located at Lot 10 East 845th Road Lecompton, KS.
    What is the asking price?
    The asking price for this property is $295,900.
    What are key features of this property?
    This property features: Rare combination of rolling terrain, mature hardwood timber, and genuine seclusion close to Lawrence, Kansas.; **Ten acres with an 85‑foot elevation change creating ridgeline views, wooded privacy, and a sheltered valley.**; Utilities available at the road: water, electric, and Midco high‑speed fiber internet.
    (785) 550-4331
    We can help!
    Listing Contact
    ANGEL NUZUM
    ANGEL NUZUM
    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.

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