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Property profile & analytics
OFF-MARKET
Office Spaces

1502 State St Iola, KS 66749-1732

8,928 SF 1.1 ac lot Built 1980
Entity Owned Absentee Owner Free & Clear
Property ID
US33-0310422
Property summary
AI-generated overview

This exceptional commercial property, situated at 1502 N State Street in Iola, Kansas, presents a unique investment opportunity. Boasting a generous 1.14-acre lot, the building offers versatile space ideal for a variety of commercial uses, including office, warehouse, or retail operations. Its strategic location just two blocks south of Walmart ensures high visibility and significant foot traffic. The property benefits from exceptional daily traffic volume on State Street, exceeding 8,000 vehicles per day, providing unparalleled exposure for any business. The multi-use nature of the building allows for considerable flexibility in its adaptation to diverse commercial needs. This prime location, combined with the substantial daily traffic count, makes this property an attractive proposition for entrepreneurs and investors seeking a high-impact commercial presence in a thriving area. The substantial lot size also offers potential for future expansion or development. This is a rare opportunity to acquire a well-positioned commercial property in a dynamic location with significant growth potential. The asking price is $285,000.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1980
Construction FRAME
Total area 8,928 SF
Lot 1.1 ac (47,916 SF)
APN 078-27-0-10-01-001.00-0
UPID US33-0310422
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
CLEAVER DEVELOPMENT, LLC
CLEAVER DEVELOPMENT, LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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