Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    0000 Wallace Rd Chetopa, KS 67336

    • Specialty properties
    • 331.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 0000 Wallace Rd

    Lot size
    331.00 lot acres
    Property type
    Specialty properties
    Property subtype
    Land

    Description

    Exceptional 331-acre recreational property in Labette County, Kansas, located at 0000 Wallace Road, Chetopa, KS 67336. This expansive land boasts over a mile of Labette Creek frontage, providing unparalleled access for fishing, boating, and water pumping. The creek acts as a natural wildlife corridor, attracting mature whitetail deer, evidenced by numerous rub lines, scrapes, and sheds observed on the property. A single, strategically located hunting stand has yielded consistent success over several years, resulting in the harvest of multiple large whitetail bucks (160-180 inch class). The property also features 60 acres of strip pit dumps on a hill, providing ideal habitat for turkeys. Remarkably, this land offers a proven track record of waterfowl management and harvest, with six wetlands meticulously managed to maximize waterfowl populations. Four permitted pump sites and control structures allow for precise water level management in each marsh, contributing to a 90%+ success rate for full duck limits during hunting season. A spacious area near the west gate presents an ideal location for constructing a hunting lodge overlooking the bottom fields. This unique property offers a rare combination of hunting, fishing, and waterfowl opportunities, making it an exceptional investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chetopa
    County
    Labette
    State
    Kansas
    Longitude
    -95.0391
    Latitude
    37.0406

    Comparable in this City

    • Value Estimation by Request

      903 Maple St

      Churches & religious facilities
      903 Maple St, Chetopa, KS 67336
      View Details
    • Value Estimation by Request
      4,000 SF

      601 11th St

      VETERINARY, ANIMAL HOSPITAL • 4,000 SF
      601 11th St, Chetopa, KS 67336-8872
      View Details
    • Value Estimation by Request
      6,611 SF

      605 Locust St

      FUNERAL HOME • 6,611 SF
      605 Locust St, Chetopa, KS 67336
      View Details
    • Value Estimation by Request
      4,560 SF

      402 Locust St

      CHARITABLE ORGANIZATION • 4,560 SF
      402 Locust St, Chetopa, KS 67336
      View Details
    • Value Estimation by Request
      0.01 Acres

      828 Walnut St

      Land • 1,950 SF
      828 Walnut St, Chetopa, KS 67336
      View Details
    • Value Estimation by Request
      2,400 SF

      201 Maple St

      ARCADES (AMUSEMENT) • 2,400 SF
      201 Maple St, Chetopa, KS 67336-8944
      View Details

    Similar Nearby for Sale

    • $40,000
      3,936 SF

      Former City Library For Sale

      Spacious building with redevelopment potential in Chetopa, Kansas.
      312 Maple St, Chetopa, KS 67336
      View Details
    • $52,000
      8.16 Acres

      Land with Utility Access

      8.16 acres of land with water meters and sewer access.
      9Th St, Chetopa, KS 67336
      View Details
    • $52,000
      8.00 Acres

      Chetopa, KS Land Parcel

      8.16 acres of land with flexible purchase options.
      N 9Th St, Chetopa, KS 67336
      View Details
    • $1,265,400
      171.00 Acres

      Neosho Riverfront Farm & Recreational Paradise

      171+/- acre farm with river frontage and recreational potential.
      328 Cherry St, Chetopa, KS 67336
      View Details
    • $52,000
      8.16 Acres

      8.16 Acres of Vacant Land

      Land with flexible purchase options and utility access.
      Chetopa, KS 67336
      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.
    0000 Wallace Rd
    Chetopa, KS 67336
    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

    Google sign-in failed. Please try again or use another login method.