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    3602 Cedar Crest Oakley, KS 67748

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    Claim this Listing
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    For Sale
    $615,000

    Farm/Estate, Ranch - Oakley, KS

    Type:Farm
    Property size:
    3,480 SF
    Lot size:
    17.60 Acres
    Price / SF:
    $176/SF
    Added:
    Apr 27, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 29 at 2:06 pm

    Property Features for 3602 Cedar Crest

    General Information

    Property type
    Farm
    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, Living Room
    Parking features
    Garage, Garage - Attached
    Interior features
    Walk-in Closet
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Refrigerator, Washer
    Standard status
    Active
    Size
    3,480 SF
    Lot size
    17.60 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7064

    Utilities

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

    Building Details

    Year built
    2001
    Year renovated
    2001
    Floors in Building
    1
    Flooring type
    Carpet, Laminate
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Cody Younkin

    Listing agent Cody Younkin

    Listing office Land 2 Legacy Real Estate 2402 Commerce Rod, Goodland, KS

    Listing date Apr 27, 2026

    MLS# 11732630 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.

    Overview

    Oakley Farm/Estate with Acreage

    Located approximately 3 miles southeast of town, this property features a 3480 sq ft country home situated on approximately 17 acres. The location is highly sought-after and offers scenic country views while remaining close to town conveniences. The property is suitable for 4-H projects, equestrian use, or future expansion. Improvements include a detached workshop and a 2-stall lean-to shed. Underground sprinklers are installed. An established tree windbreak is present along the north side, providing privacy and protection, with additional newly planted windbreaks enhancing the landscape. The home includes 5 bedrooms and 3 bathrooms. The open-concept kitchen flows into the dining room. The main living room features a wood-burning fireplace. The master bedroom includes a walk-in closet and en-suite bathroom. A laundry room is located off the oversized attached 2-car garage. A large, scenic back patio overlooks the property. The walk-out covered basement adds living flexibility and includes a full second kitchen, making it suitable for multi-generational living or entertaining.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Oakley
    County
    Logan
    State
    Kansas
    Longitude
    -100.829484
    Latitude
    39.091518

    FAQs

    What type of property is this?
    Farm - Spacious country home on 17 acres near Oakley, Kansas.
    Where is this farm located?
    The property is located at 3602 Cedar Crest Oakley, KS.
    What is the asking price?
    The asking price for this property is $615,000.
    What are key features of this property?
    This property features: 17‑acre property in a desirable location only 3 miles from town.; Spacious 3480 sq. ft. home with 5 bedrooms and 3 bathrooms.; Walk‑out basement with a full second kitchen, ideal for multi‑generational living.
    (303) 621-4970
    We can help!
    Listing Contact
    Cody Younkin
    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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