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    Detached Country Estate with Quonset Building Title is generated by Realmo AI

    1689 240th Rd, Concordia, KS 66901

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    Claim this Listing
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    For Sale
    $675,000

    Farm / Farmhouse, House (Detached) - Concordia, KS

    Type:Farm
    Property size:
    4,641 SF
    Lot size:
    8.48 Acres
    Price / SF:
    $145/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 6:06 pm

    Property Features for 1689 240th Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Family Room, Kitchen, Library
    Parking features
    Garage, Garage - Detached
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Microwave, Refrigerator, Washer
    Standard status
    Active
    Size
    4,641 SF
    Lot size
    8.48 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Fireplace(s), Forced Air, Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1916
    Year renovated
    1916
    Floors in Building
    2
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Nick Rhodes
    Nick Rhodes

    Listing agent Nick Rhodes

    Listing office Wildlife Properties Land Company, LLC 110 E 8th St, Smith Center, KS

    Listing date Jun 5, 2026

    MLS# 11802037 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 8.48+/- acre rural Cloud County estate about a 10‑minute drive east of Concordia, KS
    • 7,595 sq. ft. total home with 3,454 sq. ft. main floor, 1,187 sq. ft. 2nd floor, and 2,954 sq. ft. basement
    • 5 bedrooms plus 4 dedicated office spaces; includes a fireplace and central air
    • Major renovations/remodeling completed in 2011; home includes original stained glass windows from 1916
    • Concrete safe room with back‑up generator power and lighting, plus a whole‑home Generac generator
    • 41’ x 100’ Quonset building with concrete floor, two overhead doors, LED lighting, and climate‑controlled office space

    Overview

    Set on 8.48+/- acres, this detached country estate includes a 7,595-square-foot residence with a main floor, second floor, and basement. The home features 5 bedrooms and 4 dedicated office spaces, with notable finishes and upgrades completed in 2011. A concrete safe room is paired with whole-home Generac generator power and lighting, and the roof is a stone-coated steel system. Original stained glass windows from 1916 are incorporated into the home’s design/display, and the property also includes a primary suite with an en suite safe-step walk-in tub. Storage and living space are expanded through the second floor and basement, supported by interior features such as a brick fireplace with oak built-ins and an expansive kitchen-dining area with an island.

    The estate is located in rural Cloud County and is described as an easy 10-minute drive east of Concordia, Kansas.

    Additional on-site structures support equipment, vehicle, and project use, including a Quonset building measuring 41’ x 100’ with a concrete floor, two overhead doors, and LED lighting, plus a climate-controlled office space. There is also a garden house described as convertible to a guest house, and a workshop/shed with radiant heat and metal-finished walls suited for woodworking or other activities. For tenants or buyers needing both comfortable on-site living space and purpose-built outbuilding capacity, this layout is built for day-to-day utility and flexible use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Concordia
    County
    Cloud
    State
    Kansas
    Longitude
    -97.479923
    Latitude
    39.552793

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    FAQs

    What type of property is this?
    Residential land & home lot - A rural estate with a large Quonset building, generator-backed safe room, and multiple workspaces for flexible living and storage.
    Where is this residential land & home lot located?
    The property is located at 1689 240th Rd Concordia, KS.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 8.48+/- acre rural Cloud County estate about a 10‑minute drive east of Concordia, KS; 7,595 sq. ft. total home with 3,454 sq. ft. main floor, 1,187 sq. ft. 2nd floor, and 2,954 sq. ft. basement; 5 bedrooms plus 4 dedicated office spaces; includes a fireplace and central air
    (785) 620-7122
    We can help!
    Listing Contact
    Nick Rhodes
    Nick Rhodes
    Real Estate License ID: BR00231937
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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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    1689 240th Rd, Concordia, KS 66901
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