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    Property profile & analytics

    2140 Us Highway 75 Independence, KS 67301

    • Commercial real estate
    • 2,944 SF
    • 62.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-1028265
    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 2140 Us Highway 75

    Lot size
    62.00 lot acres
    Property size
    2,944 SF
    Property type
    Commercial real estate

    Description

    This exceptional custom-built home, nestled on over 62 acres in Montgomery County, Kansas, offers unparalleled luxury and investment potential. The nearly 3,000 square foot residence boasts four oversized bedrooms and three bathrooms, including a spacious master suite with a walk-in closet and large tile shower. The gourmet kitchen features granite countertops, a limestone bar, solid wood cabinets, and custom Turkish Travertine flooring. The living area features a vaulted cathedral ceiling, a custom limestone fireplace (wood or gas burning), and a stunning elk antler chandelier. A screened-in patio with Travertine flooring provides an ideal outdoor entertaining space. The property includes approximately 43 tillable acres currently cash-rented, generating a return on investment, along with additional income potential from existing natural gas and oil wells. The remaining acreage offers excellent whitetail deer hunting opportunities. A substantial 4,240 square foot shop, complete with a concrete pad, two overhead doors, 110/220 electric, and an attached apartment/office with a kitchenette and full bath, adds versatility. All mineral, oil, natural gas, water, and wind rights transfer. Conveniently located near Independence and Caney, KS, this property offers a unique blend of rural tranquility and modern amenities, accessible directly from Hwy 75. The home includes a built-in safe room/storm shelter that doubles as a custom pantry.

    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
    Independence
    County
    Montgomery
    State
    Kansas
    Longitude
    -95.866742
    Latitude
    37.121257

    Comparable in this City

    • $56,000
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      Kansas Farmland Investment Opportunity

      7 Acres, $56,000 - Prime Location
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    • $1,495,000
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      Productive Farm with Charming Farmhouse

      316-acre farm featuring a 2,208 sq ft farmhouse.
      3331 Cr 2000, Independence, KS 67301
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      Independence KS Residential Land

      6,000 SF Corner Lot - $7,000
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      Independence Residential Land Duo

      Two lots, 11,620 sq ft, great price!
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      Independence Residential Land Opportunity

      7,000 sq ft lot, prime location.
      300 Earl St, Independence, KS 67301
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      Independence KS Residential Land

      Prime Corner Lot, 7,980 SF
      208 13Th St, Independence, KS 67301
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    Similar Nearby for Sale

    • $56,000
      7.00 Acres

      Kansas Farmland Investment Opportunity

      7 Acres, $56,000 - Prime Location
      00000 Winterset Dr, Independence, KS 67301
      View Details
    • $1,495,000
      2,208 SF

      Productive Farm with Charming Farmhouse

      316-acre farm featuring a 2,208 sq ft farmhouse.
      3331 Cr 2000, Independence, KS 67301
      View Details
    • Contact for pricing

      Independence KS Residential Land

      Prime Corner Lot, 7,980 SF
      208 13Th St, Independence, KS 67301
      View Details
    • Contact for pricing

      Independence KS Residential Land

      6,000 SF Corner Lot - $7,000
      1105 Myrtle St, Independence, KS 67301
      View Details
    • Contact for pricing

      Independence Residential Land Duo

      Two lots, 11,620 sq ft, great price!
      820/901 Edison St, Independence, KS 67301
      View Details
    • Contact for pricing

      Independence Residential Land Opportunity

      7,000 sq ft lot, prime location.
      300 Earl St, Independence, KS 67301
      View Details
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    2140 Us Highway 75
    Independence, KS 67301
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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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