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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    117 Candle Light Dr Mound City, KS 66056

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0265510
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 117 Candle Light Dr

    Property type
    Commercial real estate

    Description

    This exceptional offering presents two contiguous lots totaling 10,509 square feet in the desirable Lake Chaparral community, located 7.5 miles Northwest of Mound City, Kansas. The property boasts a flat, cleared landscape enhanced by several mature trees, providing a tranquil setting. Lake Chaparral offers an array of amenities for residents, including three fishing lakes, a dedicated children's fishing pond, sandy beaches, convenient boat ramps and docks, two shower houses, an open-air pavilion, and a community room. Gated access ensures security and privacy within this well-maintained subdivision. The community is heavily wooded, creating a picturesque environment. Lake Chaparral accommodates a diverse range of housing styles, from manufactured homes and small cottages to recreational vehicles and motorhomes, many situated on permanent lots. The subdivision also features numerous lots easily adaptable for RVs or camping trailers. The property's location within Lake Chaparral provides easy access to all the community's recreational opportunities and serene natural beauty. The asking price for this unique property is $10,000. The address is 117 and 121 Candle Light Drive, Mound City, KS 66056.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mound City
    County
    Linn, KS
    State
    Kansas
    Longitude
    -94.8752294
    Latitude
    38.2038946

    Comparable in this City

    • Contact for pricing

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      Lake Chaparral Waterfront Land

      Prime Kansas lakefront lot, stunning views.
      2 Orchard Ln, Mound City, KS 66056
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      Kansas Lakefront Retreat

      Three wooded lots, rustic cabin
      806 Sugar Lake Dr, Mound City, KS 66056
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      Lakefront Land: Mound City, KS

      Secluded lakefront lot; build your dream!
      69 Sugar Lake Cv, Mound City, KS 66056
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    • $1,060,000
      200.00 Acres

      Prime Kansas Farmland - 200 Acres

      Exceptional hunting, farming, recreational land.
      18651 750 Rd, Mound City, KS 66056
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    • $149,900
      19.50 Acres

      Kansas Land: 19.5 Acres

      Wooded Oasis near Mound City Lake
      00000 750 Rd, Mound City, KS 66056
      View Details

    Similar Nearby for Sale

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      Lake Chaparral Waterfront Land

      Prime Kansas lakefront lot, stunning views.
      2 Orchard Ln, Mound City, KS 66056
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      Prime Mound City Lake Lots

      Two lots, 8000 sq ft, build your dream!
      86 Red Hawk Ln, Mound City, KS 66056
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    • $39,000

      Kansas Lakefront Retreat

      Three wooded lots, rustic cabin
      806 Sugar Lake Dr, Mound City, KS 66056
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    • Contact for pricing

      Lakefront Land: Mound City, KS

      Secluded lakefront lot; build your dream!
      69 Sugar Lake Cv, Mound City, KS 66056
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    • $149,900
      19.50 Acres

      Kansas Land: 19.5 Acres

      Wooded Oasis near Mound City Lake
      00000 750 Rd, Mound City, KS 66056
      View Details
    • Contact for pricing

      Prime Mound City Lakefront Land

      Build your dream lake home! 9,100 sq ft lot.
      625 Sugar Lake Dr, Mound City, KS 66056
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    117 Candle Light Dr
    Mound City, KS 66056
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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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