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

    15632 Brown Rd Chanute, KS 66720

    • Commercial real estate
    • 140.73 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0312539
    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 15632 Brown Rd

    Lot size
    140.73 lot acres
    Property type
    Commercial real estate

    Description

    This expansive 140.73-acre property in Neosho County, Kansas, presents a unique opportunity for diverse uses. Priced at $562,920, the land is predominantly wooded, ideal for recreational pursuits such as hunting, hiking, or simply enjoying the natural beauty of the area. A significant portion of the land is currently utilized as a hay field, with annual baling providing potential income or supplemental feed. Adding to the property's versatility is a centrally located barn, offering storage or potential for conversion. Electricity is already available on-site, simplifying development plans. The property's location at 15632 Brown Road, Chanute, KS 66720 (37.597079, -95.502875) offers a tranquil setting while remaining accessible. The expansive acreage provides ample space for a homesite, combining the benefits of rural living with the convenience of nearby amenities. The stunning views further enhance the appeal of this exceptional property, making it an attractive investment for those seeking a blend of recreational land and potential development opportunities. This is a remarkable opportunity to own a substantial piece of Kansas land with diverse possibilities.

    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
    Chanute
    County
    Neosho
    State
    Kansas
    Longitude
    -95.502875
    Latitude
    37.597079

    Comparable in this City

    • $345,000
      1 SF

      Spacious Home on Large Lot

      Four-bedroom home on 1.6 acres near golf course.
      302 Hillside Dr, Chanute, KS 66720
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Land in Chanute, Kansas

      Residential land, partially wooded, suitable for building a home.
      W 11Th St, Chanute, KS 66720
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      Prime Chanute Residential Land

      Two lots, 20,520 sq ft, endless potential.
      1709 Main St, Chanute, KS 66720
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      Chanute Residential Land - $10K

      Build Your Dream Home! Half-acre wooded lot.
      0 11Th St, Chanute, KS 66720
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    • $296,400
      76.00 Acres

      76 Acres Pasture and Hunting Land

      76 acres of income-producing pasture and recreational land near Chanute.
      00000 Udall Rd, Chanute, KS 66720
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    • $342,000
      76.00 Acres

      76-Acre Kansas Farm for Sale

      Prime Hunting & Grazing Land in Kansas
      00000 Udall Rd, Altoona, KS 66720
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    Similar Nearby for Sale

    • $345,000
      1 SF

      Spacious Home on Large Lot

      Four-bedroom home on 1.6 acres near golf course.
      302 Hillside Dr, Chanute, KS 66720
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Land in Chanute, Kansas

      Residential land, partially wooded, suitable for building a home.
      W 11Th St, Chanute, KS 66720
      View Details
    • Contact for pricing

      Prime Chanute Residential Land

      Two lots, 20,520 sq ft, endless potential.
      1709 Main St, Chanute, KS 66720
      View Details
    • Contact for pricing

      Chanute Residential Land - $10K

      Build Your Dream Home! Half-acre wooded lot.
      0 11Th St, Chanute, KS 66720
      View Details
    • $296,400
      76.00 Acres

      76 Acres Pasture and Hunting Land

      76 acres of income-producing pasture and recreational land near Chanute.
      00000 Udall Rd, Chanute, KS 66720
      View Details
    • $342,000
      76.00 Acres

      76-Acre Kansas Farm for Sale

      Prime Hunting & Grazing Land in Kansas
      00000 Udall Rd, Altoona, KS 66720
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
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      Retail Space in Walmart Center

      1,200 SF retail space in a Walmart-anchored center.
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    • $10 SF/Yr
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      Santa Fe Ave Office Suite A

      800 sq ft Office - Immediately Available
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    15632 Brown Rd
    Chanute, KS 66720
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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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