Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    501 Hospital Dr Paola, KS 66071

    • Medical offices
    • 24,459 SF
    • 3.43 lot acres
    For Sale
    View listing
    $1,950,000
    Value Estimation
    Location Intelligence
    Property ID
    US33-1370009
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fort Scott Community College / College
    • Dr. Emmett Mcwoods Jr, MD / Internist
    • Paola VA Clinic / Medical Clinic / Veterans Center
    • Community Correction Office / County Government Office
    • Elizabeth A. Stone, MOT / Occupational Therapist / Physical Therapist

    Property Details for 501 Hospital Dr

    Year built
    1955
    Lot size
    3.43 lot acres
    Property size
    24,459 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    135-15-0-30-01-011.01-0
    APU
    1351503001011010

    Description

    This exceptional 24,500 square foot brick commercial building presents a lucrative investment opportunity in Paola, Kansas. Located at 501 S Hospital Drive, this single-story property sits on a generous 3.43-acre lot. Originally constructed in 1955, the building has been thoughtfully repurposed from its former use as a hospital into three or more rental units, generating a substantial net income of approximately $200,000 annually. The property's classification as both Medical Office and Executive Office space caters to a diverse range of potential tenants, ensuring strong occupancy rates and consistent revenue streams. The asking price is $1,950,000. Situated in Miami County, Kansas, with a 66071 zip code, this prime location offers excellent accessibility and visibility. The building's substantial size and established rental income make it an ideal investment for those seeking a stable and profitable commercial property in a thriving Kansas community. This is a rare opportunity to acquire a well-maintained, income-producing asset with significant potential for future growth and appreciation. The property's history as a hospital provides a solid foundation for continued success in the medical or executive office market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paola
    County
    Miami
    State
    Kansas
    Longitude
    -94.8629
    Latitude
    38.5667
    CBSA code
    28140
    CBSA name
    KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $45,340
    $51,265
    $293,708
    $344,973
    -
    $205,060
    $1,174,830
    $1,379,890

    Comparable in this City

    • Value Estimation by Request
      1,455 SF

      Baptiste Dr

      MEDICAL BUILDING • 1,455 SF
      Baptiste Dr, Paola, KS 66071
      View Details
    • Value Estimation by Request
      8,742 SF

      705 Baptiste Dr

      MEDICAL BUILDING • 8,742 SF
      705 Baptiste Dr, Paola, KS 66071-1336
      View Details
    • Value Estimation by Request
      2,451 SF

      310 Hospital Dr

      MEDICAL BUILDING • 2,451 SF
      310 Hospital Dr, Paola, KS 66071-1304
      View Details
    • Value Estimation by Request
      2,396 SF

      Baptiste Dr

      MEDICAL BUILDING • 2,396 SF
      Baptiste Dr, Paola, KS 66071
      View Details
    • Value Estimation by Request
      6,407 SF

      401 St

      MEDICAL BUILDING • 6,407 SF
      401 St, Paola, KS 66071-1591
      View Details
    • Value Estimation by Request
      2,505 SF

      110 Agate St

      MEDICAL BUILDING • 2,505 SF
      110 Agate St, Paola, KS 66071-1741
      View Details

    Similar Nearby for Sale

    • $1,095,000
      1.00 Acre

      Paola Medical Office Building

      Prime Paola location, 1-acre lot, high visibility.
      705 Baptiste Dr, Paola, KS 66071
      View Details
    • $1,950,000
      3.43 Acres

      Paola Medical Office Building

      High-Income Medical/Executive Office
      501 Hospital Dr, Paola, KS 66071
      View Details
    • $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
    • $320,000
      0.57 Acres

      Paola Office Building with Solar

      4,000 SF office building with solar panels in Paola, KS.
      1105 Bapiste Dr, Paola, KS 66071
      View Details
    • $135,000

      Paola Office Building - Prime Location

      Downtown Paola office space, high potential.
      125 Peoria St, Paola, KS 66071
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available Near Retail Center

      0.53 acre land parcel for ground lease or build-to-suit.
      1310 Baptiste Dr, Paola, KS 66071
      View Details
    • Contact for pricing
      1,030 SF

      Retail Space in Walmart Outparcel

      1,970 SF endcap space in Paola, Kansas.
      305 Angela St, Paola, KS 66071
      View Details
    • $13 SF/Yr
      2,100 SF

      Flex Space with Bay Areas

      Flex space featuring reception area, private office, and bay areas.
      801 S Silver St, Paola, KS 66071
      View Details
    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.
    501 Hospital Dr
    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 Estimation

    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.

    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.

    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
    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.