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    Property profile & analytics

    197Th Rd Erie, KS 66733

    • Land
    • 12.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 197Th Rd

    Lot size
    12.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 12-acre agricultural property in Neosho County, Kansas, presents a unique investment opportunity. Located at 0 197th Road, Erie, KS 66733 (37.656043, -95.297621), this land is priced competitively at $51,600, or approximately $4300 per acre. The property boasts oil pump rights which will transfer to the new owner, adding significant potential value. Existing infrastructure includes fencing along the front and one side, and individual driveways provide convenient access. Utilities are conveniently located along the adjacent ditch. A survey review is available upon request, providing further detail on the property's boundaries and features. For those seeking expansion, an optional 10-acre adjacent parcel is also available for purchase, offering the potential to significantly increase the overall acreage. This property is ideal for agricultural use, offering a solid foundation for various farming operations. The strategic location and included oil rights make this a compelling investment opportunity in the thriving Kansas agricultural market. Contact us to schedule a viewing and explore the possibilities.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Neosho
    State
    Kansas
    Longitude
    -95.2976
    Latitude
    37.656

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    197Th Rd
    Erie, KS 66733
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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
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