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

    /A Independence, KS 67301

    Sponsored
    For Sale
    $120,000

    15.48 Acres in Independence, KS

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    421
    This exceptional 15.48-acre parcel presents a unique opportunity for recreational land investment in Montgomery County, Kansas. Located in Independence, KS, zip code 67301, this special-purpose land offers significant potential for various uses. The property's expansive size provides ample space for a multitude of recreational activities, from outdoor pursuits to potential development. The asking price is $120,000, making it an attractive proposition for buyers seeking a substantial land holding in a desirable location. With its convenient access to Independence and surrounding areas, this property offers a blend of privacy and accessibility. The land is classified as recreational, suggesting suitability for activities such as hunting, camping, or simply enjoying the natural beauty of the Kansas landscape. Detailed surveys and environmental assessments may be required depending on intended use. Given its size and location, this property is well-suited for individuals or groups seeking a significant land investment with recreational potential. The latitude and longitude coordinates are 37.2028381 and -95.713697 respectively, allowing for precise location identification. Serious inquiries are encouraged to explore the possibilities this unique property offers. This is a rare opportunity to acquire a substantial tract of land in a growing area.

    Property Features for 0 /A

    General Information

    Property type
    Specialty properties
    Lot Size
    674,309 SF

    We can help!

    Listing Contact
    Jake Kolb

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Independence
    County
    Montgomery
    State
    Kansas
    Longitude
    -95.713697
    Latitude
    37.2028381

    Nearby Comparable

    • $56,000
      7.00 Acres

      Kansas Farmland Investment Opportunity

      7 Acres, $56,000 - Prime Location
      00000 Winterset Dr, Independence, KS 67301
      View Details
    • Contact for pricing
      1.41 Acres

      Prime Independence Land Parcel

      1.41 Acres, $18,000 - Build Your Dream
      00000 Winterset Ct, Independence, KS 67301
      View Details
    • Contact for pricing
      0.48 Acres

      Independence Land - 0.48 Acres

      Prime Vacant Lot, City Utilities Available
      813 17Th St, Independence, KS 67301
      View Details
    • Contact for pricing

      Independence KS Residential Land

      Prime Corner Lot, 7,980 SF
      208 13Th St, Independence, KS 67301
      View Details
    • Contact for pricing

      Independence Residential Land Duo

      Two lots, 11,620 sq ft, great price!
      820/901 Edison St, Independence, KS 67301
      View Details
    • $345,000

      Downtown Mixed-Use Investment Opportunity

      Corner lot building with stable tenants in prime downtown location.
      101 N Penn Ave, Independence, KS 67301
      View Details
    • $550,000
      0.96 Acres

      Turn-Key Welding & Machine Shop

      Commercial property with real estate, machinery, and equipment for sale.
      1605 W Maple St, Independence, KS 67301
      View Details
    • $290,000
      7,000 SF

      Historic Independence Office Building

      7,000 SF Office & Land, $290,000
      211 Myrtle St, Independence, KS 67301
      View Details
    • $1,185,000

      Industrial Property with Large Yard

      Manufacturing/industrial property featuring a large yard and highway access.
      4307 Us-160, Independence, KS
      View Details
    • Contact for pricing

      Independence KS Residential Land

      6,000 SF Corner Lot - $7,000
      1105 Myrtle St, Independence, KS 67301
      View Details

    Nearby Similar for Sale

    • $1,495,000
      2,208 SF

      Productive Farm with Charming Farmhouse

      316-acre farm featuring a 2,208 sq ft farmhouse.
      3331 Cr 2000, Independence, KS 67301
      View Details
    • $550,000
      0.96 Acres

      Turn-Key Welding & Machine Shop

      Commercial property with real estate, machinery, and equipment for sale.
      1605 W Maple St, Independence, KS 67301
      View Details
    • $749,000
      2,793 SF

      Versatile Venue on 40 Acres

      Venue for celebrations, retreats, and meetings on 40 acres.
      5680 Hwy 75 N, Independence, KS 67301
      View Details
    • $345,000

      Downtown Mixed-Use Investment Opportunity

      Corner lot building with stable tenants in prime downtown location.
      101 N Penn Ave, Independence, KS 67301
      View Details
    • $239,000

      Established Restaurant on West Main

      Long-standing restaurant with 120-person capacity, suitable for various uses.
      2001 W Main St, Independence, KS 67301
      View Details
    • $1,185,000

      Industrial Property with Large Yard

      Manufacturing/industrial property featuring a large yard and highway access.
      4307 Us-160, Independence, KS
      View Details
    • $450,000
      0.23 Acres

      Historic Downtown Independence Commercial Building

      Landmark building, 52,000 sq ft, high potential.
      201 Pennsylvania Ave, Independence, KS 67301
      View Details

    FAQs

    What type of property is this?
    Specialty property - 15.48 Acres in Independence, KS
    Where is this specialty property located?
    The property is located at /A Independence, KS.
    What is the asking price?
    The asking price for this property is $120,000.
    Request Owner's contact information
    /A Independence, KS 67301
    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.
    /A
    Independence, KS 67301
    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
    /A Independence, KS 67301
    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
    Jake Kolb
    Learn more
    Google sign-in failed. Please try again or use another login method.