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    36450 Metcalf Rd Louisburg, KS 66053
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    36450 Metcalf Rd Louisburg, KS 66053

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    • Ranches
    Off-Market
    Property ID
    US33-1384897
    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

    • Mi Refugio Farm / Resort

    Property Details for 36450 Metcalf Rd

    Property type
    Ranches
    Property subtype
    Horse & equestrian properties

    Description

    Remarks & Directions 71 m/l acre Equine(horse property), Excellent Cattle Property and would make an incredible Investment property, Perfect to build on, with several possible options available lots of value in this property..Currently is being used as a working cattle ranch and horse facility..semi private with beautiful views..Property could possibly be split into two separate parcels… Private gate entrance with a long peaceful drive to the buildings. It includes a 150X 50 Horse barn with concrete floors, stalls with rubber mats, Dutch door tops. Fully insulated with heaters. Hot/cold water wash bay and a covered patio area with beautiful views to the West overlooking the 1+/- Acre pond and pastures, complete with a custom cooking adobe like grill and fruit trees. The property is Completely fenced and crossed fenced(cross fenced with steel pipe fencing). Also offers a 150X60 building with thick concrete floors and high ceilings, perfect for equipment and machinery storage. Another lean two open to the west and a fourth building with an upper deck leading to loft that could be turned into living quarters. Cattle feed lot pens with concrete feed bunks and a built n loading chute. 3 Ponds- one which is aprox an acre and 2 others that could someday be turned into one giant one of your choice. This property offers so much as well as could possibly be split into 2 separate parcels. Views from the property are stunning and complete serenity. Close to hwy access making it a convenient location.

    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
    Louisburg
    County
    Miami
    State
    Kansas
    Longitude
    -94.681245
    Latitude
    38.467102

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      14+/- acre property in Louisburg with water meter.
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    Similar Nearby for Sale

    • $3,200,000
      200.00 Acres

      200-Acre Land with Development Potential

      200 acres near Louisburg, KS, suitable for recreation or development.
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      View Details
    • $1,100,000
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      Well-Maintained 62-Acre Land Tract

      62-acre property with barn, pasture, timber, creeks, and pond.
      0001 State Line Rd, Louisburg, KS 66053
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    • $370,000
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      Louisburg Land Near Highway 69

      Land for sale in Louisburg, close to Highway 69.
      9960 W K68 Hwy, Louisburg, KS 66053
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    • $565,000
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      Louisburg Land with Water Meter

      14+/- acre property in Louisburg with water meter.
      25145 Metcalf Rd, Louisburg, KS 66053
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    • $799,950
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      Prime Spring Hill Development Land

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    Louisburg, KS 66053
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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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