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    806 Sugar Lake Dr Mound City, KS 66056

    Sponsored
    For Sale
    $39,000

    Three wooded lots, rustic cabin

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    Exceptional opportunity to own three beautifully maintained lots totaling 9,148 square feet in the highly sought-after Sugar Valley Lakes community in Mound City, Kansas (zip code 66056). This package deal offers a charming rustic cabin and two sheds situated on level, cleared land, yet still surrounded by trees. Enjoy the tranquility of this private lake community while having full access to all amenities, including a clubhouse, swimming pool, and a large lake perfect for boating, fishing, and kayaking. A swim beach adds to the recreational options. The asking price represents an exceptional value of $13,000 per lot. Additional details can be found via MLS #2489286 & MLS #2489273. Community rules and regulations are available online. This property presents a unique chance to own a piece of this desirable lakefront community. The address is 806 W Sugar Lake Drive.

    Property Features for 806 Sugar Lake Dr

    General Information

    Property type
    Specialty properties

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    Listing Contact
    Mary Simecka

    Learn more

    Property Insight Report

    HighLights

    • $39,000 asking price for three lots totaling 9,148 sq ft.
    • Level, wooded lots with a rustic cabin and two sheds.
    • Located in the desirable Sugar Valley Lakes community with clubhouse, swimming pool, and lake access for boating, fishing, and kayaking, plus a swim beach.
    • All community amenities included for residents.
    • Additional details available via MLS #2489286 & MLS #2489273; community rules and regulations are online.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Mound City
    County
    Linn, KS
    State
    Kansas
    Longitude
    -94.806686
    Latitude
    38.1102996

    Nearby Comparable

    • Contact for pricing

      Lakefront Land: Mound City, KS

      Secluded lakefront lot; build your dream!
      69 Sugar Lake Cv, Mound City, KS 66056
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    • $150,000

      Prime Mound City Lakefront Lot

      Rare Kansas lakefront lot; dock, lift, deck included.
      239 Sugar Lake Dr, Mound City, KS 66056
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      0.20 Acres

      Cleared Lot Near the Lake

      Flat, cleared lot in a quiet lakeside area.
      93 SW Skyline Cir, Mound City, KS 66056
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    • Contact for pricing

      Prime Mound City Lakefront Land

      Build your dream lake home! 9,100 sq ft lot.
      625 Sugar Lake Dr, Mound City, KS 66056
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    • Contact for pricing
      0.09 Acres

      Sugar Valley Lakes Land Bundle

      Bundle of 7 lots near Sugar Valley Lakes amenities.
      26 Lots Ln, Mound City, KS 66056
      View Details
    • $49,990
      0.90 Acres

      Wooded Land Near Sugar Valley Lakes

      Four wooded lots near recreational amenities in Mound City, Kansas.
      41 Walnut Dr, Mound City, KS 66056
      View Details
    • Contact for pricing
      0.21 Acres

      Cleared Lot in Recreational Community

      Flat, cleared lot with utilities in Sugar Valley Lakes.
      162 Sunset Dr, Mound City, KS 66056
      View Details
    • Contact for pricing

      Mound City Lakefront Land Parcel

      Wooded lot, lake access, golf nearby.
      9 Locust Dr, Mound City, KS 66056
      View Details
    • Contact for pricing
      0.22 Acres

      Cleared Lot Near Sugar Valley

      Cleared lot near amenities in Sugar Valley Lakes community.
      230 Sunset Dr, Mound City, KS 66056
      View Details
    • Contact for pricing
      0.60 Acres

      Wooded Lot at Sugar Valley Lakes

      Wooded 0.6 acre lot near main lake and swimming beach.
      98 Locust Dr, Mound City, KS 66056
      View Details
    • $35,000
      0.21 Acres

      Wooded Lots Near Sugar Valley Lakes

      Three wooded lots near Sugar Valley Lakes in Mound City, KS.
      22 Locust St, Mound City, KS 66056
      View Details

    Nearby Similar for Sale

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      Commercial Building in Mound City, Kansas

      990 sq ft commercial building in charming Mound City, Kansas.
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      Mound City KS Development Land

      Level lot, 8,880 sq ft, ideal expansion.
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      Main Street Retail Opportunity

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      Mound City Retail Storefront

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    FAQs

    What type of property is this?
    Specialty property - Three wooded lots, rustic cabin
    Where is this specialty property located?
    The property is located at 806 Sugar Lake Dr Mound City, KS.
    What is the asking price?
    The asking price for this property is $39,000.
    What are key features of this property?
    This property features: $39,000 asking price for three lots totaling 9,148 sq ft.; Level, wooded lots with a rustic cabin and two sheds.; Located in the desirable Sugar Valley Lakes community with clubhouse, swimming pool, and lake access for boating, fishing, and kayaking, plus a swim beach.
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    806 Sugar Lake Dr Mound City, KS 66056
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    Mound City, KS 66056
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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
    806 Sugar Lake Dr Mound City, KS 66056
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