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    Property profile & analytics

    53Rd St Maize, KS 67101

    • Land
    • 44.62 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 53Rd St

    Lot size
    44.62 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 44.62-acre parcel presents a unique opportunity for investors and developers. Situated in Sedgwick County, Kansas, with a Wichita mailing address and zip code 67101, this agricultural land boasts significant potential for either residential or commercial development. The property is conveniently located near West 53rd Street North, providing easy access to Highway K-96, a major thoroughfare. Traffic counts reveal 5,255 vehicles per day on 53rd Street North and a substantial 12,000 vehicles per day on Highway K-96, indicating high visibility and accessibility. The surrounding area demonstrates strong demographics, with a population of 39,028 within a 5-mile radius, an average household income of $103,098, a median age of 38.6, and a total of 12,010 employed individuals within the same radius. Furthermore, the property falls within the USD 266 Maize School District. This strategic location, coupled with the substantial acreage and favorable demographics, makes this property an attractive investment for those seeking a prime development site in a thriving Kansas community. The property's latitude and longitude coordinates are 37.780459802223454 and -97.47461515518215 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Maize
    County
    Sedgwick
    State
    Kansas
    Longitude
    -97.4746
    Latitude
    37.7805

    Comparable in this City

    • Value Estimation by Request
      79.00 Acres

      5516 135Th St

      Land • 79.00 Acres
      5516 135Th St, Maize, KS 67101
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    • Value Estimation by Request

      5253 Maize Rd

      Land
      5253 Maize Rd, Maize, KS 67101
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    • Value Estimation by Request

      37 37Th St

      Land
      37 37Th St, Wichita, KS 67101
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    • Value Estimation by Request
      1.60 Acres

      5100 Maize Rd

      Land • 1.60 Acres
      5100 Maize Rd, Maize, KS 67101
      View Details
    • Value Estimation by Request

      5401 Maize Rd

      Land
      5401 Maize Rd, Maize, KS 67101
      View Details
    • Value Estimation by Request

      37th And Maize

      Land
      37th And Maize, Wichita, KS 67101
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale in Maize

      Land available for purchase in Maize, Kansas.
      403 S Sweetwater Rd, Maize, KS 67101
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    • $700,000
      1.60 Acres

      Maize, KS Commercial Land Opportunity

      1.6 Acres, High-Visibility Maize Location
      5100 Maize Rd, Maize, KS 67101
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      Maize Commercial Land Opportunity

      Prime commercial lots in growing Maize, KS.
      4041 Maize Rd, Maize, KS 67101
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      Prime Maize Commercial Land

      61,870 SF Build-to-Suit Opportunity
      37 37Th St, Wichita, KS 67101
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      79.00 Acres

      Maize Industrial Park Land Sites

      79 Acres, Rail Served, Build-to-Suit Options
      5516 135Th St, Maize, KS 67101
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    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Rent

      Land available for rent at 9362 West 53rd St N.
      9362 West 53Rd St N, Maize, KS 67101
      View Details
    • Contact for pricing
      33,541 SF

      Maize Commercial Land - Build Your Dream

      High-traffic commercial lot, build-to-suit or ground lease.
      37th And Maize, Wichita, KS 67101
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    • Contact for pricing
      936 SF

      Retail Space in Growing Maize

      Retail space with four rooms, two baths, and shared parking.
      117 Academy Ave, Maize, KS 67101
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    • $14 SF/Yr
      1,742 SF

      Maize Road Office Space Available

      Prime Maize office, 1742 sq ft, ample parking.
      4621 Maize Rd, Maize, KS 67101
      View Details
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    53Rd St
    Maize, KS 67101
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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
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