Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Heritage Hills Title is generated by Realmo AI

    4884 Nature Avenue, Manhattan, KS 66502

    View on Map
    Claim this Listing
    For Sale
    $50,000

    LAND - Manhattan, KS

    Lot size:
    0.62 Acres
    Added:
    Aug 7, 2025
    Days on Market:
    300
    Last Refresh:
    Jun 2 at 5:06 am

    Property Features for 4884 Nature Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.62 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    HERITAGE HILLS UNIT TWO, S34, T09, R08, Lot 27, ACRES 0.62
    Tax Annual Amount
    3764

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Aubri Markham

    Listing agent Aubri Markham

    Listing office ERA High Pointe Realty 2803 Claflin Road, Manhattan, KS

    Listing date Aug 7, 2025

    MLS# 20252145 Listing URL

    Copyright © 2026 Flint Hills Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Opportunity to build a custom dream home.
    • Located in the highly sought‑after Heritage Hills subdivision.
    • Option to choose from multiple available lots.
    • Built by The Carson Company, a trusted name in custom home construction.
    • Conveniently located near Oliver Brown Elementary School.
    • Public sewer available.

    Overview

    This 0.62-acre residential land is located in the Heritage Hills subdivision in Manhattan, Kansas. The property is situated near Oliver Brown Elementary School. According to the listing, there are multiple lots available for building a custom home with The Carson Company.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    Riley
    State
    Kansas
    Longitude
    -96.51025
    Latitude
    39.219839

    Nearby Similar for Sale

    • $900,000
      900 SF

      Well-Maintained Apartment Building Near Campus

      Nine-unit apartment building near campus and Aggieville in Manhattan, Kansas.
      1019 Fremont Street, Manhattan, KS 66502
      View Details
    • $975,000

      Modern Triplex Near Campus

      2021-built triplex near campus with strong cash flow.
      903 Sunset Avenue, Manhattan, KS 66502
      View Details
    • $597,000

      Manhattan Duplexes Package Deal

      Three well-maintained duplexes near K-State, offering six units.
      1213-1215 Yuma St, Manhattan, KS 66502
      View Details
    • $597,000

      Manhattan Duplexes Package Deal

      Three well-maintained duplexes in Manhattan with strong rental history.
      1209-1211 Yuma St, Manhattan, KS 66502
      View Details
    • $597,000

      Manhattan Duplexes Package Deal

      Three well-maintained duplexes near K-State with strong rental history.
      1205-1207 Yuma St, Manhattan, KS 66502
      View Details
    • $675,000

      Prime Development Location in Manhattan

      Commercial land near Aggieville, K-State, and City Park.
      513 N 16th St., Manhattan, KS 66502
      View Details
    • $245,000

      Manhattan Multifamily Investment Opportunity

      Two-unit property with consistent rental history and long-term tenants.
      408 S 6th Street, Manhattan, KS 66502
      View Details
    • $275,000

      Manhattan Multifamily Investment Opportunity

      Multifamily property near downtown, KSU, parks, and schools.
      624 Bluemont Avenue, Manhattan, KS 66502
      View Details
    • $399,000

      Manhattan Office Building For Sale

      Well-maintained commercial building with office and apartment spaces in Manhattan.
      1006 Poyntz Avenue, Manhattan, KS 66502
      View Details
    • $250,000

      Manhattan Duplex: Investment Opportunity

      Full duplex with strong rental potential in a desirable location.
      721&723 Ridgewood Drive, Manhattan, KS 66503
      View Details
    • $2,931,111
      865 SF

      Drive-Thru Coffee Shop For Sale

      Single-tenant 151 Coffee property with absolute NNN lease in Kansas.
      900 N 3rd St, Manhattan, KS
      View Details
    • $324,900

      Manhattan Multifamily Investment Opportunity

      Four-unit property near campus, fully rented through summer 2026.
      1114 Vattier Street, Manhattan, KS 66502
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land available in desirable Heritage Hills subdivision, Manhattan, Kansas.
    Where is this residential land & home lot located?
    The property is located at 4884 Nature Avenue Manhattan, KS.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Opportunity to build a custom dream home.; Located in the highly sought‑after Heritage Hills subdivision.; Option to choose from multiple available lots.
    (913) 777-9560
    We can help!
    Listing Contact
    Aubri Markham
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4884 Nature Avenue, Manhattan, KS 66502
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!