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    41 Lou Ann Dr Lacygne, KS 66040

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    For Sale
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    Lake Lots

    Property size:
    23,958 SF

    Property Features for 41 Lou Ann Dr

    General Information

    Property type
    Other retail properties
    Square Feet
    23,958 SF
    Lot Size
    23,958 SF

    Overview

    Tanglewood Lake Lots For Sale

    Three lake lots, totaling 0.55 acres, are available within the Tanglewood community, approximately 60 miles from Kansas City. The property features trees and is suitable for building a new home or vacation cabin. Located 8 miles outside of LaCygne and 30 miles from Garnett, Tanglewood consists of three lakes, with the largest lake offering boat recreation and all lakes suitable for fishing. The property is a building site with lake recreation.

    We can help!

    Listing Contact
    Neva Thurston

    Learn more

    HighLights

    • Tanglewood Lake
    • Building Site
    • Lake Recreation
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Big Box & Wholesale Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lacygne
    State
    Kansas
    Longitude
    -94.8251944
    Latitude
    38.2846035

    Nearby Comparable

    • Contact for pricing

      Prime Lakefront Land in Tanglewood Lakes

      Double lot, 17,424 sq ft, serene lake access.
      73 Lou Ann Dr, LaCygne, KS 66040
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    • $210,000

      Lakefront Land in Linn Valley, KS

      Prime lakefront lot, build your dream home.
      5 Lakeside Cir, LaCygne, KS 66040
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    • Contact for pricing

      Lakeview Drive Land - La Cygne, KS

      Recreational Land, Build Your Dream Home
      25 Lakeview Dr, LaCygne, KS 66040
      View Details
    • Contact for pricing
      0.56 Acres

      Lake Access Land in Lacygne

      Three lots near Tanglewood Lakes, ready for recreation or building.
      49 Termical Dr, Lacygne, KS 66040
      View Details
    • Contact for pricing

      Parker, KS Agricultural Land

      232.8 acres of tillable and pasture land for sale.
      18400b Keitel Rd, Parker, KS 66072
      View Details
    • $476,000
      Pending

      Lacygne, KS: Wooded Acreage

      80 acres with mature trees, valley views, and water meter.
      2000 E 2000 Rd, Lacygne, KS 66040
      View Details
    • Contact for pricing

      Land for Sale

      Land available in Linn Valley, Kansas.
      22 Live Oak Dr, Linn Valley, KS 66040
      View Details
    • $149,900
      8.40 Acres

      La Cygne, KS Land - 8.4 Acres

      Prime Development Land, 30+ Lots Possible
      0 Sycamore St, LaCygne, KS 66040
      View Details

    FAQs

    What type of property is this?
    Other retail property - Lake Lots
    Where is this other retail property located?
    The property is located at 41 Lou Ann Dr Lacygne, KS.
    What is the asking price?
    The asking price for this property is $29,900.
    What are key features of this property?
    This property features: Tanglewood Lake; Building Site; Lake Recreation
    (785) 806-3784
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    41 Lou Ann Dr Lacygne, KS 66040
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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
    41 Lou Ann Dr Lacygne, KS 66040
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    We can help!
    Listing Contact
    Neva Thurston
    (785) 806-3784
    Learn more
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