Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    207Th St Spring Hill, KS 66083
    Back to Search
    Property profile & analytics

    207Th St, Spring Hill, KS 66083

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

    Current Use by Public Records

    • Land

    Property Details for 0 207Th St

    Lot size
    122.30 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 122.3-acre property presents a remarkable development opportunity in Spring Hill, Kansas. Located at the intersection of Renner and 207th Road, this expansive land parcel is currently undergoing annexation to the city of Spring Hill. The property boasts readily available utilities including gas, electric, and propane, and benefits from the ongoing city sewer development in the immediate vicinity, as outlined in Spring Hill's infrastructure plans. The area is experiencing significant growth, with a thriving mix of retail and residential developments already established. This presents a unique chance to capitalize on the area's upward trajectory. Prospective buyers are encouraged to independently verify all information, including parcel details, square footage, tax assessments, zoning regulations, and any applicable development requirements. The property's potential extends beyond its current state; it can be purchased in conjunction with a separate residential listing (MLS# 2507632), encompassing approximately 69 acres across three tracts, an existing outbuilding, and a single-family home. This combined offering presents an even more compelling investment opportunity. Please refrain from accessing the property without prior notification. The asking price for this significant land parcel is $2,446,000. The zip code is 66083, and the property is situated in Johnson County, Kansas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spring Hill
    County
    Johnson, KS
    State
    Kansas
    Longitude
    -94.779
    Latitude
    38.7529

    Comparable in this City

    • Value Estimation by Request
      2.90 Acres

      9 Waverly Rd

      Farms
      9 Waverly Rd, Spring Hill, KS 66083
      View Details
    • Value Estimation by Request
      2.97 Acres

      10 Waverly Rd

      Farms
      10 Waverly Rd, Spring Hill, KS 66083
      View Details
    • Value Estimation by Request
      262.00 Acres

      25987 215Th St

      Farms
      25987 215Th St, Spring Hill, KS 66083
      View Details
    • Value Estimation by Request
      159.97 Acres

      18721 207Th St

      Multifamily properties
      18721 207Th St, Spring Hill, KS 66083
      View Details
    • Value Estimation by Request
      2.87 Acres

      8 Waverly Rd

      Farms
      8 Waverly Rd, Spring Hill, KS 66083
      View Details
    • Value Estimation by Request
      2.94 Acres

      4 Waverly Rd

      Farms
      4 Waverly Rd, Spring Hill, KS 66083
      View Details

    Similar Nearby for Sale

    • $800,000
      15.00 Acres

      Spring Hill Land with Residence

      30-acre estate with two homes, endless possibilities.
      25045 W 215Th St, Spring Hill, KS 66083
      View Details
    • $4,750,000
      262.06 Acres

      Expansive Ranch Land Near Hillsdale

      260+ acre ranch featuring pastures, timber, ponds, and fertile ground.
      25987 W 215Th St, Spring Hill, KS 66083
      View Details
    • $300,000
      1.03 Acres

      Spring Hill Commercial Land Opportunity

      1.03-acre lot, C2 zoning, high traffic
      807 Webster St, Spring Hill, KS 66083
      View Details
    • Contact for pricing

      Land For Sale Spring Hill

      Land available for purchase in Spring Hill, Kansas.
      721 S Webster St, Spring Hill, KS 66083
      View Details
    • Contact for pricing

      Land For Sale

      1.61 acres of land available for purchase.
      N Webster St, Spring Hill, KS 66083
      View Details
    • Contact for pricing

      Large Tract Near Spring Hill

      Two parcels totaling approximately 99.88 acres near Spring Hill.
      207Th St, Spring Hill, KS 66083
      View Details

    Similar Nearby for Lease

    • $500 /Mo
      30,492 SF

      Spring Hill Parking Space Available

      Parking space for lease, suitable for food truck business.
      702 S Webster Parking Lot St, Spring Hill, KS 66083
      View Details
    • $1,000 /Mo
      30,492 SF

      Spring Hill Commercial Space Available

      Affordable space for small business, office, storage, or sales.
      702 S Webster Inside St, Spring Hill, KS 66083
      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.
    207Th St
    Spring Hill, KS 66083
    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
    207Th St, Spring Hill, KS, 66083
    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!