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    130 Ave Norwich, KS 67111
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    130 Ave, Norwich, KS 67111

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    • Land
    • 161.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 130 Ave

    Lot size
    161.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    Exceptional opportunity to own 161+/- acres of agricultural land in Kingman County, Kansas. This property, zoned A-1 Agricultural, is located near Murdock and Cheney, offering convenient access. The land features rebuilt terraces (approximately 5-6 years old) and is primarily tillable. The legal description is S29, T28, R05W, SE4 EXC R/W. Currently planted crops are subject to existing tenant farmer agreements. All mineral, water, and oil rights transfer to the buyer. This online-only auction has no minimum bid and no reserve. A 10% buyer's premium will be added to the final bid. Bidding opens November 12th, 2024, at 2 PM CST and closes November 21st, 2024, at 2:30 PM CST. The property is available for preview by appointment. The sale is conducted "by the acre," with the final price calculated by multiplying the per-acre bid by the total acreage (rounded to the nearest whole acre). Don't miss this chance to acquire this productive Kansas farmland.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    Kingman
    State
    Kansas
    Longitude
    -97.8851
    Latitude
    37.5802

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      2595 Murdock Ave

      WAREHOUSE, STORAGE
      2595 Murdock Ave, Murdock, KS 67111-8734
      View Details
    • Value Estimation by Request
      78.20 Acres

      9458 40th St

      CAMPGROUND, RV PARK
      9458 40th St, Murdock, KS 67111-8837
      View Details
    • Value Estimation by Request
      3,286 SF

      Main St

      RETAIL STORES (PERSONAL SERVICES)
      Main St, Murdock, KS 67111
      View Details
    • Value Estimation by Request
      2.00 Acres

      Main St

      ARENA, CONVENTION CENTER
      Main St, Murdock, KS 67111
      View Details
    • Value Estimation by Request
      2,000 SF

      2243 Murdock Ave

      WAREHOUSE, STORAGE
      2243 Murdock Ave, Murdock, KS 67111-8747
      View Details
    • Value Estimation by Request
      1.20 Acres

      2641 Murdock Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      2641 Murdock Ave, Murdock, KS 67111
      View Details

    Similar Nearby for Sale

    • $105,000
      19.66 Acres

      Tillable Land in Rural Tract

      19+- acres of tillable land and expired CRP grassland.
      120 SE 120 Ave, Murdock, KS 67111
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    • $105,000
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      Murdock, KS Rural Land Parcel

      19+- acre tillable land parcel with expired CRP grassland.
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    • $105,000
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      Murdock, KS Rural Land Parcel

      19+- acre rural tract of tillable land and grassland.
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    • $105,000
      19.75 Acres

      Murdock, KS Rural Land Parcel

      19+- acres of tillable land and expired CRP grassland.
      120 SE 120 Ave, Murdock, KS 67111
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    130 Ave
    Norwich, KS 67111
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    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
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