Under-Construction
New
For Sale
$430,000
707 E Briarbrook Ln, Park City, KS 67147
Residential Income, Park City, KS
Property Size3,166 SF
Lot Size0.22 Acres
Price / SF$135.82
Days on Market5
Property Features for 707 E Briarbrook Ln
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking
8
Appliances
Dishwasher, Disposal, Range
Elementary school
Valley Center
Middle school
Valley Center
High school
Valley Center
Elementary school district
Valley Center Pub School (USD 262)
Middle school district
Valley Center Pub School (USD 262)
High school district
Valley Center Pub School (USD 262)
Directions
85th St & Broadway, head North pass Saddlebrook to Briarbrook Ln, make a right and the home is the 2nd duplex on the left
Subdivision
SCKMLS
Standard status
Active
APN
028-28-0-23-01-029.00
Size
3,166 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 4 BLOCK B BRIARBROOK ADDITION
Tax Annual Amount
2
Legal Description
LOT 4 BLOCK B BRIARBROOK ADDITION
Utilities
Utilities
Natural Gas Available
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
2025
Number of units
2
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Heritage 1st Realty
(316) 512-1300
Listed By:
Lucy Alfaro
(316) 351-1231
Added: Sep 17
Last Checked: Sep 21 at 9:06PM
MLS# 679282
Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex is under construction on a 0.2211-acre lot and is planned with 3,166 square feet of total property size. The frame-built structure is scheduled for completion in 2025 and includes electric heating and cooling, a composition roof, and natural gas availability. Each residence is equipped with a dishwasher, disposal, and range.
The property is served by public water and is located in Park City within the Valley Center School District. Its two-unit configuration provides a straightforward residential income property format, while the current construction status allows the finished improvements to be delivered as a newer asset rather than an existing older building.
The property is served by public water and is located in Park City within the Valley Center School District. Its two-unit configuration provides a straightforward residential income property format, while the current construction status allows the finished improvements to be delivered as a newer asset rather than an existing older building.
Key Highlights
- Duplex under construction with 3,166 square feet of total property size
- 0.2211‑acre lot in Park City
- Scheduled 2025 construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,472
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$529,440
$529.4K
Cap Rate 7%
$378,171
$378.2K
Cap Rate 9%
$294,133
$294.1K
Market Conditions
NOI Build-Up for 3,166 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.9K $12.60/SF
− Vacancy
−$2.1K −$0.66/SF
EGI
$37.8K $11.94/SF
− OpEx
−$11.3K −$3.58/SF
NOI
$26.5K $8.36/SF
Area
Sedgwick County, KS
Vacancy
5.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$529,440
Cap Rate 7%
$378,171
Cap Rate 9%
$294,133
Alternative Uses
Best Use
Multifamily LT 5
$378.2K
$330.9K – $441.2K
NOI $26,472 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$348.8K
$305.2K – $407.0K
NOI $24,417 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$659.9K
$577.4K – $769.9K
NOI $46,192 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 67147, KS
10,715
Population
4,106
Households
2.6
Avg Household Size
37
Median Age
39%
College-Educated
92%
High-School Grad
103.6 sq mi
ZIP Area
103
Density / Sq Mi
$82,711
Median Household Income
$47,569
Median Earnings
$996
Median Rent
$227,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with modern appliances, public water, and access to the Valley Center School District.
Where is this duplex located?
The property is located at 707 E Briarbrook Ln Park City, KS.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Duplex under construction with 3,166 square feet of total property size; 0.2211‑acre lot in Park City; Scheduled 2025 construction
