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

    W 287 Ter, Unit 3 Paola, KS 66071

    Sponsored
    For Sale
    Pending
    $94,500

    LAND - Paola, KS

    Lot size:
    0.78 Acres
    Days on Market:
    9
    Last Refresh:
    Jan 27 at 8:06 pm

    Property Features for W 287 Ter

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    RES
    APN
    131-02-0-00-00-004.77-0
    Lot size
    0.78 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Steve Cutshaw

    Keller Williams Realty Partners, Inc (913) 906-5400

    Listing agent Steve Cutshaw (913) 906-5400

    Listing date Jan 19, 2026

    MLS# 2577116 Listing URL

    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

    Property Insight Report

    Overview

    Residential Land in Bur Oak

    This property presents an opportunity to build in Bur Oak III. The lots are ready for a vision, whether planning a dream home or an investment build. City sewer and all utilities are available, though water setup is still needed. Each lot provides a generous size. The neighborhood combines accessibility with room to grow. Located in Paola, Kansas, the lot size is approximately 0.78 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Paola
    County
    Miami
    State
    Kansas
    Longitude
    -94.84055075
    Latitude
    38.60562234

    Nearby Similar for Sale

    • $1,150,000
      1.37 Acres

      Medical Plaza with Long-Term Tenants

      Spacious medical plaza with long-term tenants, investment opportunity.
      705 Baptiste Dr, Paola, KS 66071
      View Details
    • $1,000,000
      1.38 Acres

      Freestanding Office Building Investment

      Turn-key office building with long-term tenants in Paola, Kansas.
      401 N East St, Paola, KS 66071
      View Details
    • $499,950
      0.27 Acres

      Remodeled Mixed-Use Building in Paola

      Remodeled commercial building with office spaces and residential units.
      10 S Silver St, Paola, KS 66071
      View Details
    • $398,000
      0.56 Acres

      Restaurant Building Near Town Square

      All brick restaurant building with parking near Paola Town Square.
      120 W Peoria St, Paola, KS 66071
      View Details
    • $269,500
      0.18 Acres

      Retail Location Near Town Square

      Retail property located near Paola's historic town square.
      302 N Silver St, Paola, KS 66071
      View Details
    • $355,000
      0.07 Acres

      Paola Square Restaurant Opportunity

      Restaurant and building for sale in the heart of Paola.
      16 W Peoria St, Paola, KS 66071
      View Details
    • $135,000
      Pending

      Finished Commercial Building in Paola

      Commercial building suitable for office, retail, or residential conversion.
      125 W Peoria St, Paola, KS 66071
      View Details
    • $247,950
      0.25 Acres

      Commercial Property with Living Quarters

      Commercial space with living area in historic Paola, Kansas.
      605 Baptiste Dr, Paola, KS 66071
      View Details
    • $134,950
      0.11 Acres

      Retail and Warehouse Space Available

      Retail space with warehouse and loading dock near city square.
      3 N Silver St, Paola, KS 66071
      View Details
    • $965,000
      1.50 Acres

      Industrial Warehouse Near Spring Hill

      17,000 sq ft warehouse with easy access to Johnson County.
      25605 Old Kc Rd, Paola, KS 66071
      View Details
    • $320,000
      Pending

      Office Building in Paola, Kansas

      4,000 SF office building with solar panels in Paola, KS.
      1105 Bapiste Dr, 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 66071
      View Details

    FAQs

    What type of property is this?
    Land - Buildable lots in desirable area with utilities available.
    Where is this land located?
    The property is located at W 287 Ter, Unit 3 Paola, KS.
    What is the asking price?
    The asking price for this property is $94,500.
    What are key features of this property?
    This property features: - Buildable lot in a desirable area of Bur Oak III.; - City sewer and all utilities available.; - Generous lot size suitable for a dream home or investment build.
    (913) 963-4096
    Request Owner's contact information
    W 287 Ter, Unit 3 Paola, KS 66071
    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.
    W 287 Ter, Unit 3
    Paola, KS 66071
    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
    W 287 Ter, Unit 3 Paola, KS 66071
    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
    Steve Cutshaw
    Real Estate License ID: SP00049810
    (913) 963-4096
    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.