Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    150th Street lot 34 Gardner, KS 66030

    View on Map
    Claim this Listing
    Pending
    $194,900

    LAND - Gardner, KS

    Lot size:
    2.00 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    70
    Last Refresh:
    May 7 at 7:06 pm

    Property Features for 150th Street lot 34

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Pending
    APN
    999999
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Description
    Lot 34, Mulberry Hill Estates 2nd plat
    Tax Annual Amount
    1000

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Kate Johnson

    Listing agent Kate Johnson License #SP00233757

    Listing office Real Broker, LLC 7300 W 110th St Ste 700, Kansas City, KS

    Listing date Feb 26, 2026

    MLS# 2601878 Listing URL

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Spacious 2‑acre lot for building a custom home
    • Located in the desirable Mulberry Hill Estates community
    • Convenient access to restaurants, grocery stores, and schools between Gardner and Olathe
    • Opportunity to build a custom home tailored to your lifestyle with options for a ranch, 1.5‑story, or walkout basement
    • Bring your own builder or choose from trusted builders familiar with the community
    • Public water source available

    Overview

    Spacious Lot in Mulberry Hill

    Located in Mulberry Hill Estates, this 2-acre lot offers an opportunity for building a custom home. Situated between Gardner and Olathe, the property provides a balance of secluded living with access to restaurants, grocery stores, schools, and other amenities. The lot allows for various home designs, including ranches, custom 1.5-story homes, and walkout basements. Buyers can choose their own builder or select from builders familiar with the community. The property is located in a sought-after neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Gardner
    County
    Johnson
    State
    Kansas
    Longitude
    -94.9261159
    Latitude
    38.8561734

    Nearby Similar for Sale

    • $724,000

      Commercial Property in Growing Gardner

      Versatile commercial property with ample parking and storage in Gardner.
      260 N Moonlight Road, Gardner, KS 66030
      View Details
    • $2,800,000

      Commercial Opportunity in Growing Community

      Former healthcare facility with expansion potential in Gardner, Kansas.
      18320 S Center Street, Gardner, KS 66030
      View Details
    • $650,000

      Development Land Near Logistics Park

      Development opportunity near schools and logistics park in Gardner, Kansas.
      175th Street, Gardner, KS 66030
      View Details
    • $194,900

      Mulberry Hill Estates Land Opportunity

      Two-acre lot for custom home in desirable location.
      Sycamore Street lot: 26, Gardner, KS 66030
      View Details
    • $360,000
      1,949 SF

      Turn-Key Home in Gardner

      Modern home with 3 bedrooms, 2.5 baths, and 2-car garage.
      16485 Blair Street, Gardner, KS 66030
      View Details
    • $60,000

      Versatile Lot in Central Location

      A versatile lot in the heart of the city.
      238 S Elm Street, Gardner, KS 66030
      View Details
    • $2,582,400

      Prime Corner Acreage in Gardner

      32.28 acres with development potential in fast-growing area.
      19920 S Gardner Road, Gardner, KS 66030
      View Details
    • $600,000

      Versatile Land in Growing Community

      12.5 acre property with potential for custom home or investment.
      26755 W 199th St, Gardner, KS 66030
      View Details
    • $600,000

      12.5 Acres Vacant Land

      12.5 acre property in southern Johnson County.
      26755 W 199th St, Gardner, KS 66030
      View Details
    • $1,960,000

      57 Acres Development Land, Gardner

      Prime development location near 167th Street and Waverly Road.
      16300 Waverly Road, Gardner, KS 66030
      View Details
    • $1,900,000

      Prime Commercial Land Opportunity

      20-acre commercial parcel in high-growth Gardner, Kansas.
      167th St & Gardner Road, Gardner, KS 66030
      View Details
    • $1,067,040

      29.64 Acres in Gardner, KS

      29.64 acres suitable for residential or multi-family development.
      Four Corners Road, Gardner, KS 66030
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two-acre lot for custom home in desirable estate community.
    Where is this residential land & home lot located?
    The property is located at 150th Street lot 34 Gardner, KS.
    What is the asking price?
    The asking price for this property is $194,900.
    What are key features of this property?
    This property features: Spacious 2‑acre lot for building a custom home; Located in the desirable Mulberry Hill Estates community; Convenient access to restaurants, grocery stores, and schools between Gardner and Olathe
    (913) 271-5801
    We can help!
    Listing Contact
    Kate Johnson
    Real Estate License ID: SP00233757
    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

    Thank You for Inquiry
    150th Street lot: 34, Gardner, KS 66030
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!