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    Vacant Homesites with Broadway Frontage Title is generated by Realmo AI

    405 Broadway - South, Burdett, KS 67523

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    Vacant Land - Burdett, KS

    Lot size:
    0.39 Acres
    Added:
    Jan 28, 2026
    Days on Market:
    126
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 405 Broadway - South

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Annual Amount
    101

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tyson Steffen

    Listing agent Tyson Steffen

    Listing office Clock Realty & Insurance, LLC 615 Broadway, Larned, KS

    Listing date Jan 28, 2026

    MLS# 11652349 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

    • 9 individually owned homesites on a 1‑acre property at the entrance to Burdett
    • Frontage on Broadway (Highway 156), the connector to nearby towns
    • All homesites accessed by alleyways from behind to keep garages and/or carports screened from the front
    • Homesite design allows for a 300–1,200 SF home with a garage and room for a yard/patio/garden area
    • Underground 4G internet service available as part of the planned utility set
    • Concept includes only 9 available homesites; construction can start immediately after plan choice and builder estimates are accepted

    Overview

    An inviting small-home village concept presented as vacant residential homesites, designed for simple, character-focused living. The community will feature nine individually owned lots with grassy areas and some trees, with front-facing homes oriented toward grass and territorial views rather than parking. Homesites are accessed by alleyways from behind to help keep garages and/or carports tucked away, while pathways connect residents across the neighborhood in a true front-porch style arrangement. Small home plans are already planned, with options for choosing a design and selecting upgrades, and custom plans may be considered on a case-by-case basis. The development also highlights dependable best-in-class utilities, including 4G underground internet, and includes open space across the community.

    The property sits at the entrance to Burdett with frontage on Broadway, which is also Highway 156, providing convenient connectivity to surrounding towns. Burdett is described as a historic rural community with a small downtown, surrounded by agricultural and cattle country, and includes a community park, school programming for recreation purposes, and ballfields.

    This offering is positioned as a starter home village, retirement option, small family enclave, or even for home-based business owners and workers who want rural charm alongside a strong electronic connection. With construction intended to begin immediately after plan choice and accepted builder estimates, interested buyers can reserve one of the limited nine available homesites with a deposit to hold through closing.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Burdett
    County
    Pawnee
    State
    Kansas
    Longitude
    -99.524794
    Latitude
    38.189863

    Nearby Similar for Sale

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      Pawnee County Hunting and Farmland

      302.84 acres with hunting opportunities and strong agricultural income.
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    • $280,000

      Pawnee County Grassland for Sale

      160-acre grassland with hunting and agricultural potential in Pawnee County.
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    • $19,900

      Vacant Land for Small Home Village

      Create a charming, front-porch style community with nine homesites accessed by behind-the-home alleys.
      405 N Broadway North, Burdett, KS 67523
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Nine front-porch style homesites offer walkability, grassy views, and alley access designed to keep garages discreet.
    Where is this residential land & home lot located?
    The property is located at 405 Broadway - South Burdett, 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: 9 individually owned homesites on a 1‑acre property at the entrance to Burdett; Frontage on Broadway (Highway 156), the connector to nearby towns; All homesites accessed by alleyways from behind to keep garages and/or carports screened from the front
    (620) 285-6541
    We can help!
    Listing Contact
    Tyson Steffen
    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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