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    Property profile & analytics

    113 Penn Ave Independence, KS 67301-3523

    • Retail space
    • 12,100 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $440,000
    Location Intelligence
    Property ID
    US33-0660215
    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

    • Retail space

    Property Details for 113 Penn Ave

    Year built
    1916
    Construction
    FRAME
    Lot size
    0.15 lot acres
    Property size
    12,100 SF
    Property type
    Retail space
    APN
    099-31-0-20-10-016.00-0
    APU
    993102010016000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Montgomery
    State
    Kansas
    Longitude
    -95.7071
    Latitude
    37.2238
    CBSA code
    17700
    CBSA name
    COFFEYVILLE, KS MICROPOLITAN 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
    2019
    $6,910
    $3,110
    $36,840
    $39,950
    -
    $12,440
    $147,360
    $159,800

    Comparable in this City

    • Value Estimation by Request
      1,280 SF

      111 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,280 SF
      111 Main St, Independence, KS 67301-3510
      View Details
    • Value Estimation by Request
      5,332 SF

      119 Myrtle St

      RETAIL STORES (PERSONAL SERVICES) • 5,332 SF
      119 Myrtle St, Independence, KS 67301-3316
      View Details
    • Value Estimation by Request
      240 SF

      119 12th W Myrtle St

      RETAIL STORES (PERSONAL SERVICES) • 240 SF
      119 12th W Myrtle St, Independence, KS 67301-3316
      View Details
    • Value Estimation by Request
      1,500 SF

      1609 Penn Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      1609 Penn Ave, Independence, KS 67301-2137
      View Details
    • Value Estimation by Request
      4,143 SF

      112 Penn Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,143 SF
      112 Penn Ave, Independence, KS 67301-3524
      View Details
    • Value Estimation by Request
      2,737 SF

      410 Sycamore St

      RETAIL STORES (PERSONAL SERVICES) • 2,737 SF
      410 Sycamore St, Independence, KS 67301-2750
      View Details

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    • $519,000
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      Historic Building Business Opportunity

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    113 Penn Ave
    Independence, KS 67301-3523
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    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
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