Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2220 Louisiana Rd Ottawa, KS 66067
    Property profile & analytics

    2220 Louisiana Rd, Ottawa, KS 66067

    View on Map
    • Land
    • 196.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2220 Louisiana Rd

    Lot size
    196.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 196-acre farm in Franklin County, Kansas, presents a unique investment opportunity. Located just off a paved road at 2220 Louisiana Road, Ottawa, KS 66067, this property boasts a blend of rolling terrain and diverse land use. The land comprises a mix of cool-season and native prairie pasture, fully fenced with cross-fencing for efficient livestock management. Approximately 80 acres possess high-quality Class 2 soils, previously cultivated and readily suitable for future farming activities. Four attractive ponds enhance the property's aesthetic appeal and provide valuable habitat for wildlife, including notable populations of geese and ducks, making it attractive to waterfowl enthusiasts. The presence of trees offers ample shade for livestock. While no existing structures are present, the proximity of rural water and electricity allows for the potential development of a residence or outbuilding. This property offers a compelling combination of agricultural potential, recreational appeal, and development possibilities. The asking price for this remarkable farm is $1,220,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ottawa
    County
    Franklin, KS
    State
    Kansas
    Longitude
    -95.3048
    Latitude
    38.5444

    Comparable in this City

    • Value Estimation by Request
      140.00 Acres

      1770 15Th St

      Farms
      1770 15Th St, Ottawa, KS 66067
      View Details
    • Value Estimation by Request
      31.21 Acres

      2720 Sand Creek Rd

      Farms
      2720 Sand Creek Rd, Ottawa, KS 66067
      View Details
    • Value Estimation by Request
      135.00 Acres

      2440 Riley Rd

      Farms
      2440 Riley Rd, Ottawa, KS 66067
      View Details
    • Value Estimation by Request
      3.00 Acres

      2266 Highlakes Dr

      Farms
      2266 Highlakes Dr, Ottawa, KS 66067
      View Details
    • Value Estimation by Request
      19.60 Acres

      700 19Th St

      Farms
      700 19Th St, Ottawa, KS 66067
      View Details
    • Value Estimation by Request
      140.00 Acres

      1770 15Th St

      Farms
      1770 15Th St, Ottawa, KS 66067
      View Details

    Similar Nearby for Sale

    • $185,000
      Pending

      20 Acres of Raw Land

      20-acre parcel of land perfect for recreation or building.
      2255B Riley Rd, Ottawa, KS 66067
      View Details
    • Contact for pricing

      Land with I-35 Access

      25.79 acres of land with excellent highway visibility.
      2325 E Logan St, Ottawa, KS 66067
      View Details
    • Contact for pricing

      Ottawa Land For Sale

      Large land parcel available in Ottawa, Kansas.
      700 W 19Th St, Ottawa, KS 66067
      View Details
    • Contact for pricing

      Treed Acreage with River Access

      Land with river access and highway proximity in Ottawa, Kansas.
      1848 Rock Creek Rd, Ottawa, KS 66067
      View Details
    • $3,350,000
      119.00 Acres

      Prime Ottawa Industrial Development Land

      119 acres ideal for industrial/warehouse development near I-35.
      2960 Labette Rd, Ottawa, KS 66067
      View Details
    • $120,000
      5.76 Acres

      Ottawa Land on Old 50

      5.76 acre corner lot suitable for building.
      50 Lot 1 Hwy, Ottawa, KS 66067
      View Details
    Request Owner's contact information
    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.
    2220 Louisiana Rd
    Ottawa, KS 66067
    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
    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

    Thank You for Inquiry
    2220 Louisiana Rd, Ottawa, KS, 66067
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!