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    103 E Franklin St Pomona, KS 66076

    Sponsored
    For Sale
    $239,000

    COMMERCIAL - Pomona, KS

    Lot size:
    0.27 Acres
    Days on Market:
    42
    Last Refresh:
    Jan 19 at 10:06 am

    Property Features for 103 E Franklin St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Retail
    APN
    999999
    Parking features
    On Street
    Lot size
    0.27 Acres

    Utilities

    Utilities
    Water Available

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Brent Rodina

    Keller Williams Realty Diamond Partners Inc. (913) 322-7500 [email protected]

    Listing agent Brent Rodina (913) 322-7500

    Listing date Dec 9, 2025

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Two Commercial Buildings in Pomona

    Two commercial buildings are available in Pomona, situated along the city's busiest streets. One of the properties, located at 103 E Franklin, features 2,907 square feet on a corner lot. This building formerly housed a mechanic shop for over 20 years and includes an open shop area, rear storage/shop space, an office and retail area, a restroom, inside storage, and a covered parking/awning. It is suitable for automotive services or other ventures. The second property, located at 109 E Franklin, offers 4,180 square feet on Main Street. It has been recently updated and includes front and rear garage doors for pull-through access. The interior features a full kitchen, restroom, and display window, making it suitable for retail, restaurant, office, daycare, or automotive businesses. The properties have a history of successful businesses, and utilities are connected.
    Location Intelligence

    Current Use by Public Records

    Mike's Restoration Mechanic Sinderbloc Bar Bar

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop Bar & Pub Grocery Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Mike's Restoration, Acker Automotive

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Franklin
    State
    Kansas
    Longitude
    -95.452607
    Latitude
    38.608743

    Nearby Similar for Sale

    • $165,000
      0.17 Acres

      Prime Corner Commercial Property

      High-visibility commercial property suitable for automotive, retail, or other ventures.
      103 E Franklin St, Pomona, KS 66067
      View Details
    • $79,000
      0.10 Acres

      Versatile Commercial Building on Main

      4,180 sq. ft. commercial building in Pomona's business district.
      109 E Franklin St, Pomona, KS 66076
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    • $78,900
      0.06 Acres

      Prime Pomona Retail Space

      Updated building, high traffic, 1500 sq ft
      117 Franklin St, Pomona, KS 66076
      View Details

    FAQs

    What type of property is this?
    Auto shop - Two commercial buildings with versatile layouts in the heart of Pomona.
    Where is this auto shop located?
    The property is located at 103 E Franklin St Pomona, KS.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: - Two commercial buildings in one deal, located in the heart of Pomona.; - High visibility and easy access on the city's busiest streets.; - 109 E Franklin: **4,180 sq. ft. with recent updates, including front and rear garage doors for pull-through access, full kitchen, restroom, and display window.**
    (785) 214-9670
    Request Owner's contact information
    103 E Franklin St Pomona, KS 66076
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    Pomona, KS 66076
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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
    103 E Franklin St Pomona, KS 66076
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    We can help!
    Listing Contact
    Brent Rodina
    Real Estate License ID: SP00238165
    (785) 214-9670
    Learn more
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