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    Eureka Dr Manhattan, KS 66503

    For Sale
    $4,992,960

    148 Acres, Irrigated Farmland, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 148.6-acre property in Manhattan, Kansas, presents a unique investment opportunity. Currently zoned agricultural, but with high potential for industrial rezoning, as indicated in the Manhattan Urban Area Comprehensive Plan and Eureka Valley Highway K-18 Corridor Plan, this land offers significant upside. The property includes 106 acres of irrigated cropland (corn and soybeans) with a center pivot system, and the seller's water rights transfer to the buyer. The land boasts excellent road frontage on Eureka Drive, a wide paved roadway, and enjoys proximity to Manhattan Regional Airport, Highway K-18, and Interstate 70, ideal for distribution. Soil composition consists of a mixture of class 2 and 3 Wymore Silty Clay loam, consistently yielding quality crops. The property also features several grassed waterways and attracts a local elk herd, offering recreational potential. Electricity is readily available along adjacent roadways. Buyers are responsible for due diligence regarding rezoning and building regulations near the airport. This property offers a blend of agricultural income and significant industrial development potential.

    Property Features for 0 Eureka Dr

    General Information

    Property type
    Distribution properties
    Lot Size
    6,473,016 SF

    HighLights

    • $4,992,960 asking price for 148.6 acres of land.
    • Manhattan, KS property zoned agricultural, with potential for industrial rezoning.
    • Excellent location near Manhattan Regional Airport, Highway K‑18, and I‑70, offering strong distribution potential.
    • Currently farmed, with 106 acres irrigated by a center pivot system (water rights transfer to buyer).
    • Features Class 2 and 3 Wymore Silty Clay loam soils, producing quality crops.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Manhattan
    County
    Riley
    State
    Kansas
    Longitude
    -96.6656374
    Latitude
    39.1531253

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    FAQs

    What type of property is this?
    Distribution property - 148 Acres, Irrigated Farmland, High Potential
    Where is this distribution property located?
    The property is located at Eureka Dr Manhattan, KS.
    What is the asking price?
    The asking price for this property is $4,992,960.
    What are key features of this property?
    This property features: $4,992,960 asking price for 148.6 acres of land.; Manhattan, KS property zoned agricultural, with potential for industrial rezoning.; Excellent location near Manhattan Regional Airport, Highway K-18, and I-70, offering strong distribution potential.
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    Realmo Value Estimation

    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.

    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.

    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
    Eureka Dr Manhattan, KS 66503
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