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    1117 Oak Ave Hoxie, KS 67740

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    Commercial Business - Hoxie, KS

    Days on Market:
    7
    Last Refresh:
    Mar 13 at 9:06 pm

    Property Features for 1117 Oak Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    200
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    Parking features
    Garage

    Building Details

    Roof type
    Flat, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeanette Krizek

    Homestead and Land Real Estate & Auction (785) 282-4024

    Listing agent Jeanette Krizek (785) 282-4024

    Listing date Mar 6, 2026

    MLS# 11575387 Listing URL

    Copyright © 2026 My State MLS. 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

    Property Insight Report

    Overview

    Established Agricultural & Retail Business

    Located along Highway 24 in Hoxie, KS, the Town & Country Store is an established business serving farmers, ranchers, and the local community. This versatile operation combines fuel sales, agricultural supplies, hardware, lumber, and a growing food service operation. The business features two updated fuel islands with new pumps and piping installed in 2023, offering truck-friendly access. One island provides regular 87, premium 91, and non-ethanol gas, while the other offers road diesel and dyed diesel. A modern, full kitchen, added in 2017, features Hunt Brothers Pizza, chicken wings, subs sandwiches, burgers, and more, with sales having grown steadily since opening. The kitchen includes a 10' x 12' walk-in cooler, divided equally between refrigeration and freezer space. Automotive services include fuel, oil, DEF, filters, batteries, and tires. Two service bays with tire machine and balancer support patching, repairs, and new tire sales. Farm and ranch supplies include feed, seed, fencing, water tanks, gates, panels, welding/gas supplies, rope, chain, and tools. The property also features an on-site lumber yard, hardware, and small tools, with potential for expansion. The large lot offers smooth, hassle-free access for farm trucks and equipment, trucks and trailers, and passenger vehicles. The business employs 2 full-time staff, 1 bookkeeper, and 8 part-time team members. This diversified business has multiple income streams and room for growth and is positioned as a family-owned business or investor opportunity. The current owner is open to negotiations to remain manager for short or long term to ensure a smooth transition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoxie
    County
    Sheridan
    State
    Kansas
    Longitude
    -100.44011
    Latitude
    39.357988

    Nearby Similar for Sale

    • $229,000
      992 SF

      Country Home & Farmstead

      Country property on 4.74 acres near Hoxie, Kansas.
      2324 W Road 10 S, Hoxie, KS 67740
      View Details
    • $639,000
      4.67 Acres

      Hoxie, KS Mixed-Use Property

      4.67-acre commercial property, great location
      00000 Road 20, Hoxie, KS 67740
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Versatile business serving farmers, ranchers, and the local community.
    Where is this grocery and convenience store located?
    The property is located at 1117 Oak Ave Hoxie, KS.
    What is the asking price?
    The asking price for this property is $1.00.
    What are key features of this property?
    This property features: - Established agricultural and retail business serving farmers, ranchers, and the local community.; - Updated fuel services with truck-friendly access, including regular, premium, non-ethanol gas, road diesel, and dyed diesel (new pumps and piping in 2023).; - Thriving modern kitchen (added in 2017) with growing sales, featuring Hunt Brothers Pizza and other food options, plus a 10' x 12' walk-in cooler.
    (785) 678-7163
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    1117 Oak Ave Hoxie, KS 67740
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    Hoxie, KS 67740
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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
    1117 Oak Ave Hoxie, KS 67740
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    We can help!
    Listing Contact
    Jeanette Krizek
    (785) 678-7163 (785) 282-4024
    Learn more
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