Add Listing
    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

    2412 Acres St Fort Scott, KS 66701

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Kansas farmland, ideal for development.

    Property Features for 2412 Acres St

    General Information

    Property type
    Farms
    Lot Size
    304,920 SF

    We can help!

    Listing Contact
    Bailey Lyons
    Bailey Lyons

    Listing Agency: Lyons Realty Group Listing Agent: Bailey Lyons

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 7-acre property, located at 2412 S Margrave - 7 Acres Street in Fort Scott, Kansas (zip code 66701), presents a remarkable investment opportunity. Classified as both farm and agricultural land, this parcel is situated in a thriving residential area, offering unparalleled potential for various development projects. The asking price is $91,000. Its convenient location, just minutes from Highway 69 via paved roads, ensures easy accessibility. Proximity to schools and retail amenities further enhances its appeal. The property's zoning allows for a range of possibilities, including multi-family housing, single-family residences, or a combination of both. This expansive land, comprising two separate parcels, offers significant flexibility for developers. Note that an additional 10 acres are available for purchase separately. This land opportunity may qualify for housing development tax credits, making it an even more attractive proposition. Serious inquiries are encouraged to explore this exceptional development opportunity in a desirable Kansas location. The property is located in Bourbon County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fort Scott
    County
    Bourbon
    State
    Kansas
    Longitude
    -94.69616
    Latitude
    37.811753

    Nearby Similar for Sale

    • $91,000
      7.00 Acres

      Fort Scott Land: 7 Acres

      Prime residential development land, near Hwy 69.
      2412 Margrave St, Fort Scott, KS 66701
      View Details
    • $11,200,000
      248,785 SF

      Fort Scott Distribution Center

      Modern warehouse, 248,785 SF, $11.2M
      4805 Campbell Dr, Fort Scott, KS 66701
      View Details
    • $3,750,000
      128,600 SF

      Fort Scott Industrial Warehouse

      Spacious Kansas warehouse, ideal for manufacturing.
      4505 Campbell Dr, Fort Scott, KS 66701
      View Details
    • $149,900
      10.41 Acres

      10-Acre Fort Scott Development Land

      Prime Kansas land, ideal for housing.
      2412 Acres St, Fort Scott, KS 66701
      View Details
    • $275,000

      Executive Office Building, Fort Scott

      Prime Office Space, High Potential
      102 Judson St, Fort Scott, KS 66701
      View Details

    FAQs

    What type of property is this?
    Farm - Prime Kansas farmland, ideal for development.
    Where is this farm located?
    The property is located at 2412 Acres St Fort Scott, KS.
    What is the asking price?
    The asking price for this property is $91,000.
    What are key features of this property?
    This property features: 7-acre property in Fort Scott, Kansas (66701), priced at $91,000.; Zoned for multi-family or single-family residential development.; Located in a thriving residential area, minutes from Highway 69 via paved roads, near schools and retail.
    (620) 266-9448 Call to check price and availability
    Request Owner's contact information
    2412 Acres St Fort Scott, KS 66701
    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.
    2412 Acres St
    Fort Scott, KS 66701
    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
    2412 Acres St Fort Scott, KS 66701
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bailey Lyons
    Bailey Lyons
    Real Estate License ID: SP00240689
    (620) 266-9448 (620) 224-7795
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!