Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    401 N East Street Paola, KS 66071

    View on Map
    Claim this Listing
    For Sale
    $1,000,000

    COMMERCIAL - Paola, KS

    Lot size:
    1.38 Acres
    Added:
    Sep 22, 2025
    Days on Market:
    226
    Last Refresh:
    May 5 at 7:06 pm

    Property Features for 401 N East Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMM
    Parking features
    Parking Lot
    Interior features
    Private Restroom
    Exterior features
    Building Sign
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    135-16-0-10-05-007.03-0
    Lot size
    1.38 Acres

    Taxes and HOA fees

    Tax Description
    SMITH ADDN PAOLA, S16, T17, R23, LOT 3, ACRES 1.38, LT 3 SMITHS ADDN'T AKA TR BEG 248'S NW COR NORMANS ADDN'T NWLY366.18' S232.51' E342.16' N114.53' TO POB SECTION 16 TOWNSHIP 17 RANGE 23
    Tax Annual Amount
    17143

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1990
    Floors in Building
    1

    We can help!

    Listing Contact
    Steve Barry

    Listing agent Steve Barry License #SP00235759

    Listing office Crown Realty 100 W Crestview Cr Ste 101, Paola, KS

    Listing date Sep 22, 2025

    MLS# 2572208

    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.

    Overview

    Freestanding Office Building Investment

    This freestanding office building presents an opportunity for ownership. The property is currently occupied by tenants under a long-term lease, who will remain after the sale. The interior has been renovated and customized for business use, featuring a kitchen, office space, floor coverings, lighting and fixtures, bathrooms, and newer A/C units. A large parking lot provides ample parking spaces. The property is located just off Baptiste Drive, in Paola, Kansas, and is under 30 minutes from Olathe. The lot size is 1.38 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Splashtacular, LLC Industrial Manufacturer Dr. Barbara R. ... Physician Sunflower Centers Medical Clinic Jamie Nellans, LMSW Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Paola
    County
    Miami
    State
    Kansas
    Longitude
    -94.868073
    Latitude
    38.575409

    Nearby Similar for Sale

    • $160,000

      Historic Paola Square Redevelopment Opportunity

      Redevelopment opportunity in historic Paola Square with retail/office/residential potential.
      9 W Wea Street, Paola, KS 66071
      View Details
    • $1,150,000

      Medical Plaza with Long-Term Tenants

      Spacious medical plaza with long-term tenants, investment opportunity.
      705 Baptiste Drive, Paola, KS 66071
      View Details
    • $315,000
      2,500 SF

      Spacious Paola Home with Fenced Yard

      4-bedroom, 4-bath home with open floor plan and fenced yard.
      508 W Shawnee Street, Paola, KS 66071
      View Details
    • $189,000

      Paola Duplex Near City Square

      Two-unit duplex or single-family home near Paola Square.
      102 E Peoria Street, Paola, KS 66071
      View Details
    • $355,000
      4,577 SF

      Paola Square Restaurant and Building

      Restaurant and real estate for sale in downtown Paola.
      16 W Peoria Street, Paola, KS 66071
      View Details
    • $325,000

      Paola Restaurant and Building For Sale

      Restaurant and building for sale in the heart of downtown.
      16 W Peoria Street, Paola, KS 66071
      View Details
    • $965,000
      17,000 SF

      Industrial Warehouse South of Spring

      17,000 sq ft warehouse/industrial space near Hillsdale Lake.
      25605 Old KC Road, Paola, KS 66071
      View Details
    • $135,000
      1,200 SF

      Finished Commercial Building in Paola

      Commercial building suitable for office, retail, or residential conversion.
      125 W Peoria Street, Paola, KS 66071
      View Details
    • $398,000

      Brick Building in Paola, Kansas

      All brick building near historic town square with parking.
      120 W Peoria Street, Paola, KS 66071
      View Details
    • $1,540,875
      3,642 SF

      Freestanding Restaurant on Large Lot

      Freestanding restaurant near Walmart and schools with high traffic.
      1301 Kansas Dr, Paola, KS
      View Details
    • $2,325,000

      Block Road Property for Sale

      Property located on Block Road, Paola, Kansas available for purchase.
      32846 Block Road, Paola, KS 66071
      View Details
    • $965,000

      Industrial Warehouse Near Spring Hill

      17,000 sq ft warehouse with easy access to Johnson County.
      25605 Old KC Road, Paola, KS 66071
      View Details

    FAQs

    What type of property is this?
    Office building - Turn-key office building with long-term tenants in Paola, Kansas.
    Where is this office building located?
    The property is located at 401 N East Street Paola, KS.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Turn‑key investment with long‑term tenants in place.; **Completely renovated and customized interior** for optimal business use.; Ample parking spaces in a large parking lot.
    (913) 927-5965
    We can help!
    Listing Contact
    Steve Barry
    Real Estate License ID: SP00235759
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    401 N East Street, Paola, KS 66071
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!