Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115 Peoria St Paola, KS 66071-1411
    Back to Search
    Property profile & analytics

    115 Peoria St, Paola, KS 66071-1411

    View on Map
    • Retail space
    • 1,600 SF
    • 0.02 lot acres
    Off-Market
    Property ID
    US33-1132061
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 115 Peoria St

    Year built
    1900
    Lot size
    0.02 lot acres
    Property type
    Retail space
    APN
    135-16-0-20-38-005.00-0
    APU
    1351602038005000

    Description

    This charming two-story office building, located at 115 W Peoria Street in Paola, Kansas, presents a fantastic opportunity for small businesses seeking a prominent location. Built in 1900, this 1600 square foot building sits on an 804 square foot lot and offers a versatile layout ideal for a variety of uses. The property boasts central heating and air conditioning for year-round comfort. Recent upgrades include a new electrical panel and service entry, ensuring modern functionality and reliability. The upper level provides flexible space, perfect for storage, a private office, or additional workspace to suit your business needs. Its prime location just off downtown Park Square in Paola, Kansas (zip code 66071) ensures excellent visibility and potential for high foot traffic. This property's proximity to the heart of Paola offers significant advantages for businesses seeking a central location with easy access to local amenities and a thriving community. The asking price is $57,000. This is a rare opportunity to acquire a well-maintained, centrally located office building in a desirable Kansas town. Don't miss out on the chance to make this property the perfect home for your business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Paola
    County
    Miami
    State
    Kansas
    Longitude
    -94.8794
    Latitude
    38.5728
    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
    2022
    $2,369
    $2,805
    $13,213
    $16,018
    -
    $11,220
    $52,850
    $64,070

    Comparable in this City

    • Value Estimation by Request
      800 SF

      719 Silver St

      RETAIL STORES (PERSONAL SERVICES)
      719 Silver St, Paola, KS 66071-1654
      View Details
    • Value Estimation by Request
      160 SF

      29882 Hedge Ln

      RETAIL STORES (PERSONAL SERVICES)
      29882 Hedge Ln, Paola, KS 66071
      View Details
    • Value Estimation
      $1,065,000
      11,346 SF

      2 Peoria St

      RETAIL STORES (PERSONAL SERVICES)
      2 Peoria St, Paola, KS 66071-1410
      View Details
    • Value Estimation by Request
      2,276 SF

      14 Peoria St

      RETAIL STORES (PERSONAL SERVICES)
      14 Peoria St, Paola, KS 66071-1707
      View Details
    • Value Estimation
      $600,000
      5,610 SF

      120 Peoria St

      RETAIL STORES (PERSONAL SERVICES)
      120 Peoria St, Paola, KS 66071-1412
      View Details
    • Value Estimation by Request
      7,125 SF

      1005 Baptiste Dr

      RETAIL STORES (PERSONAL SERVICES)
      1005 Baptiste Dr, Paola, KS 66071-1342
      View Details

    Similar Nearby for Sale

    • New
      $160,000
      2,667 SF

      Historic Mixed-Use Building

      Gutted historic building with a stamped tin main-floor ceiling, suited for redevelopment as retail and potential second-floor uses.
      9 W Wea St, Paola, KS 66071
      View Details
    • $247,950
      0.25 Acres

      Commercial Property with Living Quarters

      Commercial space with residential living in historic Paola, Kansas.
      605 Baptiste Dr, Paola, KS 66071
      View Details
    • $200,000

      Former Day Care Opportunity

      Vacant building suitable for various business ventures with ample parking.
      31710 Old Kc Rd, Paola, KS 66071
      View Details
    • $269,500
      0.18 Acres

      Commercial Property in Paola, Kansas

      Commercial property for sale in Paola, Kansas, great location.
      302 N Silver St, Paola, KS 66071
      View Details

    Similar Nearby for Lease

    • 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
    • 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

      Prime Retail/Restaurant Space Available

      High-visibility Paola location with drive-through and ample parking.
      409 South 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.
    115 Peoria St
    Paola, KS 66071-1411
    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
    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

    Thank You for Inquiry
    115 Peoria St, Paola, KS, 66071
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!