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    622 6th Street Oswego, KS 67356

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    Claim this Listing
    For Sale
    $85,000

    COMMERCIAL - Oswego, KS

    Property size:
    1,676 SF
    Lot size:
    0.18 Acres
    Added:
    Mar 6, 2025
    Days on Market:
    407
    Last Refresh:
    Apr 17 at 3:06 pm

    Property Features for 622 6th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    1,676 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6009

    Utilities

    Utilities
    Electricity Available
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Flooring type
    Concrete
    Roof type
    Composition

    We can help!

    Listing Contact
    Sally Davis

    Listing agent Sally Davis License #BR00232545-Ok 184829-Mo 2022036181

    Listing office SALLY DAVIS REAL ESTATE, LLC 217 W MAPLE, Columbus, KS

    Listing date Mar 6, 2025

    MLS# 251107

    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.

    Overview

    Oswego Commercial Building with Highway Frontage

    This commercial building, located in Oswego, Kansas, has operated as a restaurant/cafe for over 25 years and presents opportunities for transformation. The dining area accommodates up to 49 patrons. Included in the sale are dishes, utensils, shelving, freezers, cold tables, approximately 25 tables, and 50 chairs. The property features a newer 30-year asphalt roof, central heating and air conditioning, two bathrooms, storage facilities, ample parking, and a convenient drive-thru window. Situated on a corner lot with highway frontage, the property offers a lot size of 0.18 acres. The building has 1676 square feet of space. A forthcoming survey will help with the separation of the house from the building and the division of water meters. The owners are open to a triple net lease on the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A Cup of Grace Cafe & Coffee Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oswego
    County
    Labette
    State
    Kansas
    Longitude
    -95.107207
    Latitude
    37.164753

    Nearby Similar for Sale

    • $169,900
      6,680 SF

      Turn-Key Mechanic's Shop For Sale

      Commercial building with equipment, ready for immediate mechanic operations.
      2010 4th St, Oswego, KS 67356
      View Details
    • $85,000

      Oswego Commercial Building with Highway Frontage

      Restaurant/cafe with highway frontage, drive-thru, and ample parking.
      622 6th Street, Oswego, KS 67356
      View Details
    • $45,900
      3,600 SF

      Mixed-Use Property in Oswego, KS

      Mixed-use property with retail space and apartments in Oswego, KS.
      403 Commercial Street, Oswego, KS 67356
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant with highway frontage and limitless transformation possibilities.
    Where is this restaurant located?
    The property is located at 622 6th Street Oswego, KS.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: High‑traffic corner location with highway frontage; Established restaurant/cafe location with 25+ years of operation; Includes essential restaurant equipment like dishes, utensils, shelving, freezers, tables, and chairs
    (620) 429-2260
    We can help!
    Listing Contact
    Sally Davis
    Real Estate License ID: BR00232545-Ok 184829-Mo 2022036181
    Learn More
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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
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