Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2 Eisenhower Rd Lansing, KS 66048

    Sponsored
    For Sale
    $150,000

    3.6-Acre Waterfront Lot, Kansas

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional 3.6-acre residential lot presents a unique opportunity to build your dream home in the desirable Lansing, Kansas area. Part of the new Dunes development, this property boasts waterfront access, offering stunning views and recreational possibilities. The lot is conveniently located on the south side of Eisenhower Road, just west of New Lawrence Road, providing easy access to paved roads and essential amenities. With lot sizes in the development ranging from 3 to 5 acres, this property offers ample space for a spacious home and landscaping. The location within the Lansing school district is an added benefit for families. Utilities are available, and the property connects directly to paved roads, simplifying construction and daily living. This is a rare chance to own a substantial piece of waterfront land in a sought-after Kansas community, perfect for those seeking tranquility and a connection to nature while still enjoying convenient access to urban amenities. The property is zoned for residential use and is ready for immediate development. Don't miss this opportunity to build your dream home in this picturesque setting. The asking price is $150,000. The property is located at Lot 2 Eisenhower Road, Lansing, KS 66048.

    Property Features for 2 Eisenhower Rd

    General Information

    Property type
    Land
    Lot Size
    156,816 SF

    We can help!

    Listing Contact
    Lori Vilkanskas
    Lori Vilkanskas

    Learn more

    HighLights

    • $150,000 asking price.
    • 3.6‑acre residential land lot.
    • Located in Lansing, Kansas, zip code 66048.
    • Situated on Lot 2 Eisenhower Road, west of New Lawrence Road.
    • Waterfront property within the Lansing school district; paved road access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Leavenworth
    State
    Kansas
    Longitude
    -94.8999274
    Latitude
    39.2669658

    Nearby Comparable

    • $150,000
      5.60 Acres

      Lansing, KS Residential Land - 5.6 Acres

      Prime 5.6-acre residential lot in Lansing, KS.
      0000 Eisenhower Rd, Lansing, KS 66048
      View Details
    • $600,000
      0.34 Acres

      Fully Rented Multifamily Portfolio

      Thirteen-unit portfolio with strong rental history and solid cash flow.
      1100 N 4Th St, Lansing, KS 66043
      View Details
    • $600,000
      0.34 Acres

      Fully Rented Multifamily Portfolio

      Thirteen units in two buildings with strong rental history.
      1102 N 4Th St, Lansing, KS 66043
      View Details
    • $2,245,632
      7,303 SF

      Leavenworth Net Leased Investment Property

      Two-tenant, corporate guaranteed investment property in Leavenworth, Kansas.
      1100 N 4Th St, Leavenworth, KS 66043
      View Details
    • $110,000
      2,412 SF

      Lansing, KS Restaurant - $110K

      Prime Restaurant Space, High Traffic Area
      391 Main St, Lansing, KS 66043
      View Details
    • $575,000
      1.31 Acres

      Lansing Commercial Land - K-7 Frontage

      Prime 1.31-acre commercial lot, high traffic.
      400 Main St, Lansing, KS 66043
      View Details
    • $2,142,281

      Land for Sale

      Land available for purchase in Lansing, Kansas.
      925 W Eisenhower Rd, Lansing, KS 66043
      View Details
    • $150,000
      3.30 Acres

      Lansing, KS Residential Land - $150K

      3.3-acre lot, stunning views, sewer ready.
      00000 Desoto Rd, Lansing, KS 66043
      View Details
    • $400,000
      14.35 Acres

      Leavenworth Land Development Opportunity

      14.35 acres of land with development potential in Leavenworth.
      728 Eisenhower Rd, Leavenworth, KS 66048
      View Details
    • $108,900

      Commercial Land with High Visibility

      Land with excellent access, visibility, and tax rebate potential.
      279 Frances Ln, Lansing, KS
      View Details
    • Contact for pricing

      Leavenworth Commercial Land - 1.2 Acres

      Prime Leavenworth land, build-to-suit options.
      1000 Eisenhower Rd, Leavenworth, KS 66048
      View Details
    • $400,000

      Leavenworth Land For Sale

      Land available in Leavenworth, Kansas.
      4816 10Th Ave, Leavenworth, KS 66048
      View Details

    Nearby Similar for Sale

    • $600,000
      0.34 Acres

      Fully Rented Multifamily Portfolio

      Thirteen units in two buildings with strong rental history.
      1102 N 4Th St, Lansing, KS 66043
      View Details
    • $600,000
      0.34 Acres

      Fully Rented Multifamily Portfolio

      Thirteen-unit portfolio with strong rental history and solid cash flow.
      1100 N 4Th St, Lansing, KS 66043
      View Details
    • $110,000
      2,412 SF

      Lansing, KS Restaurant - $110K

      Prime Restaurant Space, High Traffic Area
      391 Main St, Lansing, KS 66043
      View Details

    FAQs

    What type of property is this?
    Land - 3.6-Acre Waterfront Lot, Kansas
    Where is this land located?
    The property is located at 2 Eisenhower Rd Lansing, KS.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: $150,000 asking price.; 3.6-acre residential land lot.; Located in Lansing, Kansas, zip code 66048.
    Request Owner's contact information
    2 Eisenhower Rd Lansing, KS 66048
    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.
    2 Eisenhower Rd
    Lansing, KS 66048
    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
    2 Eisenhower Rd Lansing, KS 66048
    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

    We can help!
    Listing Contact
    Lori Vilkanskas
    Lori Vilkanskas
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.