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    1205 Cottonwood Ct Paola, KS 66071
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    Property profile & analytics

    1205 Cottonwood Ct Paola, KS 66071

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    • Small apartment buildings
    Off-Market
    Property ID
    US33-1264580
    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

    • Small apartment buildings

    Property Details for 1205 Cottonwood Ct

    Property type
    Small apartment buildings

    Description

    This exceptional 14,641 square foot lot in Paola, Kansas, presents a unique opportunity to build your dream custom home. Located at 1205 Cottonwood Court, this property boasts a highly desirable location within walking distance of Paola's elementary, middle, and high schools, providing unparalleled convenience for families. The lot is part of a planned community with deed restrictions and requires plan approval by the developer. This ensures a cohesive and attractive neighborhood. While the exact lot size and property taxes are estimates, this information is available upon request. The seller offers a list of preferred builders for your convenience, or you are welcome to utilize your own builder. This is an exceptional opportunity to create a personalized residence in a thriving community. Don't miss this chance to build your dream home in Paola, KS, at an asking price of $56,900. The property is classified as land and multifamily, specifically as an apartment building, residential, and duplex/triplex/quadruplex. The address is 1205 Cottonwood Court, Paola, Miami County, Kansas, zip code 66071.

    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
    -94.860219
    Latitude
    38.578314

    Comparable in this City

    • $189,000
      Pending

      Paola Duplex Near City Square

      Two-unit duplex or single-family home near Paola Square.
      102 E Peoria St, Paola, KS 66071
      View Details
    • $398,000
      8,000 SF

      Brick Building in Paola, Kansas

      All brick building near historic town square with parking.
      120 W Peoria St, Paola, KS 66071
      View Details
    • $135,000
      Pending

      Finished Commercial Building in Paola

      Commercial building suitable for office, retail, or residential conversion.
      125 W Peoria St, Paola, KS 66071
      View Details
    • $315,000
      2,500 SF

      Spacious Paola Home with Fenced Yard

      4-bedroom, 4-bath home with open floor plan and fenced yard.
      508 W Shawnee St, Paola, KS 66071
      View Details
    • $89,500
      0.50 Acres

      Residential Land in Bur Oak

      Buildable lots in desirable area with utilities available.
      W 287 Ter, Paola, KS 66071
      View Details

    Similar Nearby for Sale

    • $189,000
      Pending

      Paola Duplex Near City Square

      Two-unit duplex or single-family home near Paola Square.
      102 E Peoria St, Paola, KS 66071
      View Details
    • $398,000
      8,000 SF

      Brick Building in Paola, Kansas

      All brick building near historic town square with parking.
      120 W Peoria St, Paola, KS 66071
      View Details
    • $135,000
      Pending

      Finished Commercial Building in Paola

      Commercial building suitable for office, retail, or residential conversion.
      125 W Peoria St, Paola, KS 66071
      View Details
    • $315,000
      2,500 SF

      Spacious Paola Home with Fenced Yard

      4-bedroom, 4-bath home with open floor plan and fenced yard.
      508 W Shawnee St, Paola, KS 66071
      View Details
    • $89,500
      0.50 Acres

      Residential Land in Bur Oak

      Buildable lots in desirable area with utilities available.
      W 287 Ter, 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
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    Paola, KS 66071
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    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.

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