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    Vacant Land for Small Home Village Title is generated by Realmo AI

    405 N Broadway North, Burdett, KS 67523

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    Vacant Land - Burdett, KS

    Lot size:
    0.59 Acres
    Added:
    Jan 28, 2026
    Days on Market:
    127
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 405 N Broadway North

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    99

    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# 11799578 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

    • One‑acre site at the entrance to Burdett with frontage on Broadway (Highway 156)
    • Planned 9 individually owned residential homesites within a small home village
    • Each homesite accessed by alleyways from behind to keep garages and/or carports out of view
    • Front‑porch style neighborhood concept with pathways providing walkability to other homes
    • Homesite plans allow a home size of about 300–1,200 SF plus a garage and yard for patio and garden space
    • Underground 4G internet planned; construction can start immediately after plan choice and builder estimates are accepted

    Overview

    This offering presents vacant land developed as a small home village concept, designed around nine individually owned homesites. The parcels are planned with walkability in mind, featuring grassy lots with some trees, open space, and a neighborhood feel that emphasizes front-yard living. Homes are intended to front onto grass with territorial views rather than parking areas, while garages and/or carports are placed behind homes to keep the streetscape visually clean. Access is provided by alleyways from the rear, and pathways connect to other homes within the village.

    The property sits at the entrance to Burdett, Kansas, with frontage on Broadway, also identified as Highway 156, which serves as a connector to nearby towns. The site offers a rural community setting with agricultural and cattle country and proximity to local amenities and services in surrounding communities, while still providing the option for a starter home, retirement home, small family home, or a home business.

    For buyers, builders, and owner-operators, this configuration can fit those looking to create an affordable, character-focused neighborhood within a defined village layout. Plans for small home designs are available, with the option to choose a preferred design and consider upgrades, and custom plans reviewed case by case. Construction can begin immediately after plan choice and builder estimates are accepted.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Hotel & Motel Garden Center Grocery & Convenience Store Storage Facility Travel Agency Bed & Breakfast Pet Grooming Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burdett
    County
    Pawnee
    State
    Kansas
    Longitude
    -99.524746
    Latitude
    38.190653

    Nearby Similar for Sale

    • $832,810

      Pawnee County Hunting and Farmland

      302.84 acres with hunting opportunities and strong agricultural income.
      901-949 360th Ave, Burdett, KS 67523
      View Details
    • $280,000

      Pawnee County Grassland for Sale

      160-acre grassland with hunting and agricultural potential in Pawnee County.
      3201-3399 U Rd, Burdett, KS 67523
      View Details
    • $14,900

      Vacant Homesites with Broadway Frontage

      Nine front-porch style homesites offer walkability, grassy views, and alley access designed to keep garages discreet.
      405 Broadway - South, Burdett, KS 67523
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Create a charming, front-porch style community with nine homesites accessed by behind-the-home alleys.
    Where is this residential land & home lot located?
    The property is located at 405 N Broadway North 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: One‑acre site at the entrance to Burdett with frontage on Broadway (Highway 156); Planned 9 individually owned residential homesites within a small home village; Each homesite accessed by alleyways from behind to keep garages and/or carports out of view
    (620) 285-6541
    We can help!
    Listing Contact
    Tyson Steffen
    Request Owner's contact information
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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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