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Property profile & analytics
OFF-MARKET Estimated value $695,000
Strip malls

1601 Peoria St Paola, KS 66071-1893

9,600 SF 1.2 ac lot Built 2007
Entity Owned 8-yr Hold Free & Clear
Property ID
US33-1173475
Property summary
AI-generated overview

This exceptional retail property, located at 1601 E Peoria Street in Paola, Kansas, presents a unique investment opportunity. Built in 2008, this single-story building boasts a total of 9600 square feet situated on a 1.2-acre lot. The attractive stone and brick exterior offers excellent curb appeal and high visibility, strategically positioned just off Highway 169 on the main Paola exit (Baptiste Drive). Its prime location ensures easy access and high traffic volume, benefiting from proximity to a hotel, fast-food restaurants, banks, and gas stations. Ample parking is available for customers and employees. The building is currently divided into three distinct units. A 2400-square-foot space is occupied by Pizza Hut, while a 1200-square-foot unit houses an Edward Jones office. The largest unit, comprising 6000 square feet, is currently vacant. This space previously served as a medical office/dialysis center and offers significant potential for a new tenant. This large space can be leased as is or subdivided to accommodate multiple businesses. The asking price for this exceptional property is $1,499,000. This presents a rare chance to acquire a well-established retail center with strong existing tenants and significant expansion potential in a thriving Kansas community. The zip code is 66071.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Total area 9,600 SF
Lot 1.2 ac (52,272 SF)
APN 135-15-0-30-01-002.01-0
UPID US33-1173475
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
Current use
Occupant on record · Public records
  • Prothe Appraisal Services, Inc. Real Estate Agency
  • Edward Jones - Financial Advisor: Monty M Chayer Financial Advisor
  • MediaLoop, LLC Advertising Agency Marketing & Advertising
  • Free Range Association Or Organization
  • Dr. Kristine Herron Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$695k
CAP Approach CAP
by Request
Comparable Approach Comparable
$695k
Blend (final) Blend
$695k
Owner & transaction history
B & D Contracting Services INC · 8 yrs held
B & D Contracting Services INC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.0M +66.7%
Apartment house (5+ units) $1.0M +62.3%
Retail stores $905,000 +46.9%
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