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    114 Sugar Lake Drive Mound City, KS 66056

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    Wooded lot with water and electricity access near lake.

    Type:Land / Unimproved Land
    Property size:
    9,583 SF
    Lot size:
    0.22 Acres
    Added:
    Dec 13, 2024
    Days on Market:
    493
    Last Refresh:
    Mar 13 at 6:20 pm

    Property Features for 114 Sugar Lake Drive

    General Information

    Standard status
    Active
    Size
    9,583 SF
    Lot size
    0.22 Acres
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Trenton Johnson
    Trenton Johnson

    Listing agent Trenton Johnson License #SP00233037

    Listing office Crown Realty

    Listing date Dec 13, 2024

    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 Crown Realty

    Overview

    Wooded Lot Near Sugar Lake

    This is a wooded second-tier lot located at Sugar Valley Lakes. The property spans 9583 square feet and is situated across the road from a fishing pond, with close proximity to the main lake. It offers convenient access from Highway 7 and is a short distance from the golf course. The location features a rural water meter already in place and electricity available at the street. Sugar Valley includes several bodies of water, notably a 90-acre main lake suitable for activities such as skiing, tubing, fishing, and swimming. Additionally, there are nine other bodies of water accessible for fishing. Members also have access to a 9-hole golf course and a community swimming pool. This property is intended as a relaxing getaway.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Big Box & Wholesale Store Hotel & Motel (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mound City
    County
    Linn
    State
    Kansas
    Longitude
    -94.8029046
    Latitude
    38.1250499

    Nearby Similar for Sale

    • $14,000

      Cleared Lots Near Lake Activities

      Two adjoining lots near community amenities in Sugar Valley Lakes.
      22 Fox Run Drive, Mound City, KS 66056
      View Details
    • $75,000

      Waterfront Land in Sugar Valley

      Two adjoining waterfront lots with lake access and community amenities.
      53 & 57 Wolf Drive, Mound City, KS 66056
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    • $50,000

      Land in Sugar Valley Lakes

      Four lots in a private lake community with amenities.
      45 Walnut Drive, Mound City, KS 66056
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    • $24,900

      Land at Sugar Valley Lakes

      Two lots near lakes, golf, and family entertainment.
      33 & 37 Sugar Lake Cove, Mound City, KS 66056
      View Details
    • $53,349

      Mound City Commercial Building

      Commercial building in Mound City, Kansas, suitable for retail.
      507 Main Street, Mound City, KS 66056
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    • $17,000

      Flat Lot at Sugar Valley

      Cleared building lot with utilities near main lake and golf.
      25 Quail Meadow Drive, Mound City, KS 66056
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    • $18,000

      Lakeside Retreat Ready to Build

      Flat, timbered lot with lake access near Kansas City.
      29 N Eagle Lane, Mound City, KS 66056
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    • $34,900

      Land Near Sugar Lake

      Land with small building near lake, ready to finish.
      294 Sugar Lake Drive, Mound City, KS 66056
      View Details
    • $125,000

      Lake View Lots Opportunity

      Two connected lake lots with panoramic views and utilities.
      69 E Sugar Lake Drive, Mound City, KS 66056
      View Details
    • $125,000

      Mound City Land Opportunity

      6 acre +/- property perfect for nature getaway or barndominium.
      1000 Road, Mound City, KS 66056
      View Details
    • $7,500

      Mound City Land for Sale

      Cleared lot near Sugar Valley Lakes with utilities available.
      162 Sun Set Drive, Mound City, KS 66056
      View Details
    • $3,990

      Secluded Lot at Sugar Valley

      Wooded lot near lake and golf course in Mound City.
      42 Wood Drive, Mound City, KS 66056
      View Details

    FAQs

    What type of property is this?
    Land - Wooded lot with water and electricity access near lake.
    Where is this land located?
    The property is located at 114 Sugar Lake Drive Mound City, KS.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Access to 90‑acre main lake for skiing, tubing, fishing, and swimming.; Close proximity to the main lake and across the road from a fishing pond.; Access to a 9‑hole golf course and community swimming pool.
    (620) 496-6699
    We can help!
    Listing Contact
    Trenton Johnson
    Trenton Johnson
    Real Estate License ID: SP00233037
    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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