Grocery and Convenience Store Building with
901 Oak ST, Valley Falls, KS 66088
For Sale
$475,000
Commercial Sale, Valley Falls, KS
Property Size7,316 SF
Price / SF$64.93
Days on Market143
Property Features for 901 Oak ST
General Information
Property type
Property subtype
Zoning description
Parking
Parking features
Subdivision
Directions
Standard status
APN
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
KW One Legacy Partners, LLC · Keller Williams Realty
(785) 246-8075
Listed By:
Sandra Haines · License KS SP00233997
(785) 383-0951
Added: Jun 24
Changed: Oct 8
Last Checked: Nov 13 at 5:06AM
MLS# 245229
Copyright © 2026 Sunflower 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.
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Investment Insights
Based on property information with market context.
The property is a 7,316-square-foot commercial building at 901 Oak ST in Valley Falls, Kansas. Constructed in 1950, it has concrete construction and concrete flooring, with composition roofing. The space formerly operated as a grocery store, and coolers and other essential store equipment remain in place. Electricity is available, and the property is served by public water.
K-16 Highway provides the property’s identified roadway setting. On-site parking is provided through a parking lot. The existing layout and equipment support continued consideration of grocery or convenience-oriented retail use, subject to applicable approvals and the buyer’s plans.
K-16 Highway provides the property’s identified roadway setting. On-site parking is provided through a parking lot. The existing layout and equipment support continued consideration of grocery or convenience-oriented retail use, subject to applicable approvals and the buyer’s plans.
Key Highlights
- 7,316‑square‑foot commercial building
- Former grocery store use with coolers remaining on‑site
- Concrete construction and concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,404
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,080
$848.1K
Cap Rate 7%
$605,771
$605.8K
Cap Rate 9%
$471,156
$471.2K
Market Conditions
NOI Build-Up for 7,316 SF
Gross rent
$65.8K $9.00/SF
− Vacancy
−$5.3K −$0.72/SF
EGI
$60.6K $8.28/SF
− OpEx
−$18.2K −$2.48/SF
NOI
$42.4K $5.80/SF
Area
Jefferson County, KS
Vacancy
8.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,080
Cap Rate 7%
$605,771
Cap Rate 9%
$471,156
Alternative Uses
Best Use
Specialty Retail
$751.6K
$657.6K – $876.8K
NOI $52,609 @ 7.0% cap · market cap 11.08%
Second Best
Retail
$605.8K
$530.1K – $706.7K
NOI $42,404 @ 7.0% cap · market cap 8.93%
Theoretical Best
Self Storage
$825.2K
$722.1K – $962.8K
NOI $57,767 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,786 visits/mo
0.4 miles
Demographics for 66088, KS
2,310
Population
1,210
Households
1.9
Avg Household Size
42
Median Age
22%
College-Educated
95%
High-School Grad
120.0 sq mi
ZIP Area
19
Density / Sq Mi
$73,125
Median Household Income
$46,000
Median Earnings
$738
Median Rent
$186,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Concrete commercial building with on-site parking and retained refrigeration equipment.
Where is this grocery and convenience store located?
The property is located at 901 Oak ST Valley Falls, KS.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 7,316‑square‑foot commercial building; Former grocery store use with coolers remaining on‑site; Concrete construction and concrete flooring
