Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Future Development Land For Sale Title is generated by Realmo AI

    2601 US-59, Ottawa, KS

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    68.5 acres for future commercial or industrial development.

    Type:LAND
    Lot size:
    68.50 Acres
    Added:
    Aug 8, 2025
    Days on Market:
    283
    Last Refresh:
    Apr 5 at 10:22 pm

    Property Features for 2601 US-59

    General Information

    Standard status
    Active
    Lot size
    68.50 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Seth Sinovic

    Listing agent Seth Sinovic

    Listing office NAI Heartland | Kansas City

    Listing date Aug 8, 2025

    Source Moodyscre

    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 NAI Heartland | Kansas City

    HighLights

    • Direct access to I‑35
    • ±68.5 acres for sale
    • AG (Master planned CP‑3 [Commercial/Industrial]) zoning
    • Future development site
    • All utilities to site

    Overview

    This property offers approximately 68.5 acres of land available for future development. The site is zoned AG (Master planned CP-3 [Commercial/Industrial]), indicating its suitability for commercial or industrial use. All utilities are available to the site. The property benefits from direct access to I-35, facilitating transportation and accessibility.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ottawa
    County
    Franklin
    State
    Kansas
    Longitude
    -95.2678
    Latitude
    38.6156

    Nearby Similar for Sale

    • $600,000
      3,472 SF

      Industrial Lot with Shop/Offices

      4 AC industrial lot with 3,472 SF shop/offices.
      415 W Wilson Street, Ottawa, KS 66067
      View Details
    • $250,000
      2,023 SF

      Versatile Commercial Property on Main

      Multi-building commercial property with income potential in Ottawa, Kansas.
      1134 N Main Street, Ottawa, KS 66067
      View Details
    • $385,000
      4,600 SF

      Ottawa Main Street Commercial Property

      Versatile commercial property on Main Street in Ottawa, Kansas.
      1127 & 1123 N Main Street, Ottawa, KS 66067
      View Details
    • $550,000

      Turn-Key Ottawa Commercial Opportunity

      High-yield potential near Ottawa University with special use permit.
      825 S Main Street, Ottawa, KS 66067
      View Details
    • $200,000

      Commercial Land in Ottawa, KS

      1.69 acre graveled and fenced lot with two buildings.
      307 W Wilson, Ottawa, KS 66067
      View Details
    • $2,700,000

      Highway Frontage Retail Opportunity

      Retail building with expansion acreage on Highway 59.
      2723 Kingman Road, Ottawa, KS 66067
      View Details
    • $2,700,000

      Highway Frontage Retail Opportunity

      Retail building with expansion acreage on Highway 59.
      59 Hwy & Kingman Road, Ottawa, KS 66067
      View Details
    • $250,000

      Prime Commercial Land, Ottawa, KS

      4.4 acre commercial land near I-35 in Ottawa, Kansas.
      210 W 23rd Street, Ottawa, KS 66067
      View Details
    • $3,350,000

      Prime Ottawa Industrial Development Land

      119 acres ideal for industrial/warehouse development near Proximity Park.
      2960 Labette Road, Ottawa, KS 66067
      View Details
    • $49,900

      Spacious Lot in Established Area

      Build your dream home on this spacious in-town lot.
      823 W 17th Street, Ottawa, KS 66067
      View Details
    • $185,000

      20 Acres of Raw Land

      20-acre parcel of land perfect for recreation or building.
      2255B Riley Road, Ottawa, KS 66067
      View Details
    • $375,000

      Ottawa, KS Industrial Land

      8.3 acres of I-1 light industrial land for sale.
      3280 Nebraska Road, Ottawa, KS 66067
      View Details

    FAQs

    What type of property is this?
    Land - 68.5 acres for future commercial or industrial development.
    Where is this land located?
    The property is located at 2601 US-59 Ottawa, KS.
    What is the asking price?
    The asking price for this property is $2,237,895.
    What are key features of this property?
    This property features: Direct access to I‑35; ±68.5 acres for sale; AG (Master planned CP‑3 [Commercial/Industrial]) zoning
    (913) 219-2518 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Seth Sinovic
    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
    2601 US-59, Ottawa, KS
    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!