Paola Retail Property for
For Sale
$239,900
25400 W 319th Street, Paola, KS 66071
Retail property available in Paola, Kansas.
Property Size1,436 SF
Days on Market145
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Property Features for 25400 W 319th Street
General Information
Standard status
Active
Size
1,436 SF
Property subtype
Business Opportunity
Zoning
CS
Taxes and HOA fees
Annual Taxes
$1,357
Amenities
Parking Lot
Building Details
Building Size
1,436 SF
Year Built
1968
Stories
1
Listing Agency:
Midwest Land Group
Listed By:
Aaron Blount · License #00249896
(214) 707-3105
Source:
Evrealestate
Added: May 24
Changed: Oct 15
Last Checked: Oct 14 at 10:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Midwest Land Group
Investment Insights
Based on property information with market context.
Located in Paola, Kansas, this retail property is available for sale. The property is situated north of Old KC Road and west of 319th Street, at the dead end leading to a butcher shop. The property is located in Miami County.
Key Highlights
- Located in Miami County.
- Features a parking lot.
- Property was built in 1968.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,873
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,460
$297.5K
Cap Rate 7%
$212,471
$212.5K
Cap Rate 9%
$165,256
$165.3K
Market Conditions
NOI Build-Up for 1,436 SF
Gross rent
$20.7K $14.40/SF
− Vacancy
−$848 −$0.59/SF
EGI
$19.8K $13.81/SF
− OpEx
−$5.0K −$3.45/SF
NOI
$14.9K $10.36/SF
Area
Miami County, KS
Vacancy
4.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,460
Cap Rate 7%
$212,471
Cap Rate 9%
$165,256
Alternative Uses
Best Use
Specialty Retail
$212.5K
$185.9K – $247.9K
NOI $14,873 @ 7.0% cap · market cap 6.20%
Second Best
Retail
$198.3K
$173.5K – $231.4K
NOI $13,881 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office B
$282.5K
$247.2K – $329.6K
NOI $19,774 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66071, KS
12,416
Population
5,415
Households
2.3
Avg Household Size
45
Median Age
30%
College-Educated
94%
High-School Grad
229.3 sq mi
ZIP Area
54
Density / Sq Mi
$82,042
Median Household Income
$48,676
Median Earnings
$1,068
Median Rent
$261,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail property available in Paola, Kansas.
Where is this grocery and convenience store located?
The property is located at 25400 W 319th Street Paola, KS.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Located in Miami County.; Features a parking lot.; Property was built in 1968.
