Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2414 W 7 St Galena, KS 66739

    Sponsored
    Picture of Restaurants at W 7 St 2414, Galena, KS
    For Sale
    $585,000

    COMMERCIAL - Galena, KS

    Property size:
    3,604 SF
    Lot size:
    5.00 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 29 at 10:06 am

    Property Features for 2414 W 7 St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 2, Bathroom 1
    Bathrooms
    2
    APN
    111-2052200000008000000
    Fencing
    Barbed Wire, Chain Link
    Size
    3,604 SF
    Lot size
    5.00 Acres

    Utilities

    Utilities
    Electricity Available
    Heating system
    Electric (Heating), Natural Gas, Central
    Cooling system
    Central Air

    Building Details

    Flooring type
    Concrete
    Roof type
    Composition

    We can help!

    Listing Contact
    Tim Goostree Team

    Keller Williams Realty of SW Missouri (417) 623-9900

    Listing agent Tim Goostree Team (417) 437-5347 License #1999098900

    Listing date Jan 29, 2026

    MLS# 260446

    Copyright © 2026 Ozark Gateway Association of Realtors. 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

    Route 66 Commercial Opportunity

    This commercial property is ideally situated on Route 66. The property, with a size of 3604 square feet, sits on a 5-acre lot. The property is located in Galena, Kansas. According to provided information, the property is suitable for restaurants, retail, wedding venues, and specialty purposes. The property would make a great restaurant or an incredible event center. The roof is new, and a complete remodel is planned for 2025. The property has clean access off of Route 66.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Toy Store Kid Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Galena
    County
    Cherokee
    State
    Kansas
    Longitude
    -94.663686
    Latitude
    37.073972

    Nearby Similar for Sale

    • $119,900
      4,704 SF

      Dual-Building Property with Commercial Potential

      Unique property featuring two buildings with commercial or residential potential.
      2010 W 21 St, Galena, KS 66739
      View Details
    • $144,900
      5,200 SF

      Route 66 Investment Opportunity

      Two-unit property with updated rentals and storage on Route 66.
      406 S Main St, Galena, KS 66739
      View Details
    • $169,900
      6,356 SF

      Route 66 Commercial Building

      Spacious building on historic Route 66 with flexible use options.
      410 S Main St, Galena, KS 66739
      View Details
    • $470,000
      Pending

      New Duplex Near KCU-Joplin

      Newly built duplex near KCU-Joplin campus and Galena High School.
      866 E Virginia Ave, Galena, KS 66739
      View Details
    • $59,000
      580 SF

      Residential Income Property in Galena

      House with additional housing sites for rental income.
      417 Barnes St, Galena, KS 66739
      View Details
    • $720,000
      15,947 SF

      Galena Commercial Buildings For Sale

      Three buildings with office, manufacturing, and storage space available.
      1909 E 12 St, Galena, KS 66739
      View Details
    • $169,900

      Commercial Building on Historic Route 66

      Versatile 6,356 sq ft building on Route 66, Galena, KS
      410 S Main St, Galena, KS 66739
      View Details
    • $155,000
      0.55 Acres

      Galena Restaurant & Real Estate

      Turnkey Mexican Restaurant, Historic Route 66
      500 7Th St, Galena, KS 66739
      View Details
    • $84,900
      0.06 Acres

      Galena Commercial Building, Old Route 66

      Downtown Galena Commercial Property with Shop
      211 Main St, Galena, KS 66739
      View Details
    • $150,000
      0.28 Acres

      Galena Brewery - Turnkey Operation

      Established Brewery, Ready to Brew!
      119 6Th St, Galena, KS 66739
      View Details
    • $595,000
      0.13 Acres

      Galena Commercial Property Investment

      11 Apartments + Commercial Space, High Occupancy
      600 Main St, Galena, KS 66739
      View Details
    • Contact for pricing
      1.00 Acre

      Historic Route 66 Acre

      Prime Galena Commercial Land
      Main And Front, Galena, KS 66739
      View Details

    FAQs

    What type of property is this?
    Restaurant - Commercial property on Route 66, suitable for restaurant or event center.
    Where is this restaurant located?
    The property is located at 2414 W 7 St Galena, KS.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: - Ideally situated on Route 66 with clean access.; - Complete remodel in 2025.; - New Roof.
    (417) 437-5347
    Request Owner's contact information
    2414 W 7 St Galena, KS 66739
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2414 W 7 St
    Galena, KS 66739
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2414 W 7 St Galena, KS 66739
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tim Goostree Team
    Real Estate License ID: 1999098900
    (417) 437-5347
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.