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    4485 K-7 Highway Shawnee, KS 66226

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    Claim this Listing
    Pending
    $399,000

    LAND - Shawnee, KS

    Lot size:
    19.00 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    41
    Last Refresh:
    May 6 at 2:06 pm

    Property Features for 4485 K-7 Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Ag
    Vegetation
    Natural State, Wooded
    Standard status
    Pending
    APN
    0460183304004001000
    Lot size
    19.00 Acres

    Taxes and HOA fees

    Tax Description
    33-11-23 SE1/4 S OF RD & E OF WAGON RD 94.14 AC M/L EX 14.91AC EX 4.26 AC FOR HWY EX 17.862 AC WITHIN CEDAR MILL SDEX 2 TRS PLATTED 10.475 AC & 21.869 AC & EX .04 AC EX 5 ACS 19.724 ACS M/L; AND 33-11-23 PT SE1/4 BG NW CR LT 105 GREENVIEW RIDGE FIFTH PL SW 121.75' TO POB NW 206.20' & 270.63' NE 200' SE 399.90' SW 186.80' TO POB 1.656 ACS M/L SHC 24 5
    Tax Annual Amount
    8067

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jeff Cates
    Jeff Cates

    Listing agent Jeff Cates License #2005030145

    Listing office Cates Auction & Realty Co Inc 1440 Iron St, North Kansas City, KS

    Listing date Mar 27, 2026

    MLS# 2609590 Listing URL

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 19 acres of private, untouched land with mature timber, rolling hills, and gorgeous views within Shawnee, Kansas city limits.
    • Utilities available: water, sewer, electric, gas, and 3 internet service providers.
    • Excellent Johnson County location: 23 minutes to Downtown Kansas City, 30 to KCI, and 15 to The Legends.
    • No Reserve auction ending soon (4/30), bid your price.
    • Original limestone foundations and reclaimed barn beams offer historical character and architectural potential.
    • Direct access to K‑7 highway via a private archived drive.

    Overview

    Shawnee Land with Development Potential

    This 19-acre property, located within the city limits of Shawnee, Kansas, features mature timber, rolling hills, and natural limestone. The land offers views and elevation changes. The property includes the original limestone foundations of a home and barn, along with reclaimed barn beams. It has a private drive with direct access to K-7 highway. Utilities available include water, sewer, electric, gas, and access to three internet service providers. The location provides access to Downtown Kansas City (23 minutes), KCI airport (30 minutes), and The Legends shopping and entertainment district (15 minutes). The property is suitable for a dream home, hobby farm, investment, or development.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Shawnee
    County
    Johnson
    State
    Kansas
    Longitude
    -94.8586
    Latitude
    39.031

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 19 acres of land with mature timber in Shawnee, Kansas.
    Where is this agricultural land / farmland located?
    The property is located at 4485 K-7 Highway Shawnee, KS.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: 19 acres of **private, untouched land with mature timber, rolling hills, and gorgeous views** within Shawnee, Kansas city limits.; Utilities available: water, sewer, electric, gas, and 3 internet service providers.; Excellent Johnson County location: 23 minutes to Downtown Kansas City, 30 to KCI, and 15 to The Legends.
    (816) 868-4321
    We can help!
    Listing Contact
    Jeff Cates
    Jeff Cates
    Real Estate License ID: 2005030145
    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.

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