Technical
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Property profile

0 Eureka Dr Manhattan, KS 66503

OFF-MARKET
Warehouses
148.6 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Warehouses
Lot 148.6 ac (6,473,016 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Eureka Dr Manhattan, KS 66503
Manhattan metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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