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    1149 S 98Th St Edwardsville, KS 66111
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    1149 S 98Th St, Edwardsville, KS 66111

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    • Commercial real estate
    • 3.50 lot acres
    For Sale
    $175,000
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    Edwardsville, KS Treed Lot For Sale
    $175,000
    3.50 Acres

    Edwardsville, KS Treed Lot

    3.5 acre treed lot in Edwardsville, KS. No HOA!

    1149 S 98th Street, Edwardsville, KS 66111
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    Property ID
    US33-0181805
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1149 S 98Th St

    Lot size
    3.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.5-acre residential lot is located at 1149 S 98th Street in Edwardsville, Kansas, zip code 66111. Part of the new Groves development, this property offers a unique opportunity to build a custom home in a desirable location. The lot is situated within the city limits, providing convenient access to amenities while maintaining a private and secluded feel. The land itself is characterized by mature trees, creating a peaceful and picturesque setting. Buyers have the flexibility to choose their own builder or utilize the resources provided by the development to connect with recommended builders and navigate the construction process. The property's location offers easy access to major highways, simplifying commutes and travel. Nearby, residents can enjoy the shopping and entertainment options at The Legends. This is a rare chance to own a spacious, private lot within a thriving community, combining the best of suburban living with the convenience of city access. The asking price for this remarkable property is $175,000. This 3.5-acre lot presents an unparalleled opportunity to create your ideal home in a sought-after Kansas community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Edwardsville
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.806733
    Latitude
    39.079115

    Comparable in this City

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      30.81 Acres Fronting I-70

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      Secluded Acreage Near Kansas City

      66 acres of untouched land minutes from Kansas City.
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      43,560 SF

      Land For Sale

      Land available for sale.
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      30.81 Acres Fronting I-70

      30.81 acres of commercial land with I-70 frontage.
      10920 Village South Pkwy, Edwardsville, KS 66111
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      Commercial Land Near Tourist Attractions

      Land suitable for retail, office, hotel, and residential development.
      10814 Riverview Ave, Edwardsville, KS 66111
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    Similar Nearby for Sale

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      30.81 Acres Fronting I-70

      30.81 acres of commercial land with I-70 frontage.
      10750 Village South Pkwy, Edwardsville, KS 66111
      View Details
    • Contact for pricing

      Secluded Acreage Near Kansas City

      66 acres of untouched land minutes from Kansas City.
      9130 Kansas Ave, Kansas City, KS 66111
      View Details
    • Contact for pricing
      43,560 SF

      Land For Sale

      Land available for sale.
      10814 Riverview Ave, Edwardsville, KS 66111
      View Details
    • Contact for pricing

      30.81 Acres Fronting I-70

      30.81 acres of commercial land with I-70 frontage.
      10920 Village South Pkwy, Edwardsville, KS 66111
      View Details
    • Contact for pricing

      Commercial Land Near Tourist Attractions

      Land suitable for retail, office, hotel, and residential development.
      10814 Riverview Ave, Edwardsville, KS 66111
      View Details

    Similar Nearby for Lease

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      Land For Lease in Kansas

      Land for lease or build-to-suit in Kansas City, Kansas.
      6138 Speaker Rd, Kansas City, KS 66111
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      Land For Rent Kansas City

      Land available for rent in Kansas City, Kansas.
      325 S 62Nd St, Kansas City, KS 66111
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      Industrial Land with Outdoor Storage

      12.26 acres of industrial land for lease.
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      Land East of I-435

      Build-to-suit opportunity east of I-435 and K-32.
      7000 Kansas Ave, Kansas City, KS 66111
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      Commercial Property for Lease

      Commercial property available for lease in Kansas City, Kansas.
      10201 Abilities Way, Kansas City, KS 66111
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      2,500 SF

      Industrial Space Available For Lease

      1,250 SF industrial space with office in Kansas City.
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    View Listing
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    Edwardsville, KS 66111
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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.

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