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

    310 Levee Dr Manhattan, KS 66502

    • Land
    • 6.93 lot acres
    For Sale
    View listing
    $519,750
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 310 Levee Dr

    Lot size
    6.93 lot acres
    Property type
    Land

    Description

    This exceptional 6.93-acre commercial land parcel presents a compelling investment opportunity in Manhattan, Kansas. Located at 310 Levee Dr, 66502, this property boasts a highly desirable location with excellent visibility and accessibility. Zoned for C-1 and C-2 commercial uses, it offers considerable flexibility for a variety of development projects. The expansive lot size provides ample space for substantial construction, catering to diverse business needs. Situated on the west side of the Farrar Corporation, this property benefits from its strategic placement within a well-established area. The asking price is $519,750. This prime commercial land in Pottawatomie County offers significant potential for growth and return on investment. The property's location in Manhattan, Kansas, provides access to a thriving community and robust infrastructure. Its C-1 and C-2 zoning allows for a wide range of commercial ventures, making it an attractive option for both established businesses and new entrepreneurs. This is a rare opportunity to acquire a sizable, strategically located commercial land parcel in a dynamic market. Serious inquiries are encouraged to explore the full potential of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    Pottawatomie
    State
    Kansas
    Longitude
    -96.5514
    Latitude
    39.1934

    Comparable in this City

    • Value Estimation by Request
      0.94 Acres

      9175 Excel Ln

      Land • 0.94 Acres
      9175 Excel Ln, Manhattan, KS 66502
      View Details
    • Value Estimation by Request
      5.04 Acres

      K-18 Manhattan Ks

      Land • 5.04 Acres
      K-18 Manhattan Ks, Manhattan, KS 66502
      View Details
    • Value Estimation by Request
      5.32 Acres

      1615 Pillsbury Dr

      Automotive properties • 5,000 SF
      1615 Pillsbury Dr, Manhattan, KS 66502
      View Details
    • Value Estimation by Request
      0.94 Acres

      00000 Positano Dr

      Land • 0.94 Acres
      00000 Positano Dr, Manhattan, KS 66502
      View Details
    • Value Estimation by Request
      3.35 Acres

      Bakers Way

      Land • 3.35 Acres
      0 Bakers Way, Manhattan, KS 66502
      View Details
    • Value Estimation by Request
      1.44 Acres

      8230 Prt Dr

      Land • 1.44 Acres
      8230 Prt Dr, Manhattan, KS 66502
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5.04 Acres

      Manhattan Commercial Land Opportunity

      5+ Acres, High Traffic Location, C-4 Zoning
      K-18 Manhattan Ks, Manhattan, KS 66502
      View Details
    • Contact for pricing
      3.35 Acres

      Manhattan Commercial Land - 3.35 Acres

      Prime Manhattan location, ideal for development.
      0 Bakers Way, Manhattan, KS 66502
      View Details
    • $470,250
      6.27 Acres

      Manhattan Commercial Land Investment

      6.27 Acres, Prime Location, C-1 & C-2 Zoning
      301 Levee Dr, Manhattan, KS 66502
      View Details
    • $519,750
      6.93 Acres

      Manhattan Commercial Land Investment

      6.93 Acres, Prime Location, C-1 & C-2 Zoning
      310 Levee Dr, Manhattan, KS 66502
      View Details
    • Contact for pricing
      0.94 Acres

      Langley Office Park Retail Space

      Prime Pensacola Retail, 1500 SF, Great Location
      9175 Excel Ln, Manhattan, KS 66502
      View Details
    • $50,000
      0.47 Acres

      Residential Land in Heritage Hills

      Land available in desirable Heritage Hills subdivision, Manhattan, Kansas.
      4852 Nature Ave, Manhattan, KS 66502
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Land for Lease

      0.40 acre commercial land available for ground lease.
      E Poyntz Ave, Manhattan, KS 66502
      View Details
    • $18 SF/Yr
      22,671 SF

      Skyview Commons Retail Space

      Walmart-shadowed office suite available.
      900 Hayes Dr, Manhattan, KS 66502
      View Details
    • $8 SF/Yr
      2,600 SF

      Manhattan Warehouse Space Available

      2,600 SF warehouse space for lease in Manhattan, Kansas.
      701 S 16Th St, Manhattan, KS 66502
      View Details
    • Contact for pricing
      10,500 SF

      Manhattan Warehouse Space Available

      10,500 SF warehouse space for lease in Manhattan, Kansas.
      2326 Skyvue Ln, Manhattan, KS 66502
      View Details
    • $11 SF/Yr
      2,520 SF

      Industrial Space Available for Lease

      2,520 square feet of warehouse/industrial space for rent.
      1220 Marlatt Ave, Manhattan, KS 66502
      View Details
    • Contact for pricing
      60,733 SF

      Retail/Office Suites Inside Dillons

      In-store retail and office suites available within Dillons Grocery Stores.
      130 Sarber Ln, Manhattan, KS 66502
      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.
    310 Levee Dr
    Manhattan, KS 66502
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.