Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    202 Oak St Bonner Springs, KS 66012-1029
    Back to Search
    Property profile & analytics

    202 Oak St, Bonner Springs, KS 66012-1029

    View on Map
    • Retail space
    • 1,330 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Apr 30, 2021
    Property ID
    US33-0805793
    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 202 Oak St

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.21 lot acres
    Property type
    Retail space
    APN
    191376
    APU
    191376

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 30, 2021 — Fancy Fanny Properties LLC Katfish Incorporated Warranty Deed $338k · Great Western Bank
    Aug 27, 2007 — Katfish INC Rory D Smith Warranty Deed —
    May 11, 2005 — Roy D Smith Joy A Edge Warranty Deed $118k · Valley View State Bank
    Jan 27, 2005 — Katfish Incorporated Morton Holmes JR Warranty Deed —

    Description

    This exceptional mixed-use property, located at 202 Oak St in Bonner Springs, Kansas (66012), presents a compelling investment opportunity. The building boasts a total of 3,540 square feet of retail space, ideally situated in the heart of Bonner Springs' vibrant retail corridor. The retail area offers significant flexibility, with the potential for division into multiple tenant spaces, catering to a variety of business needs. Adding to its appeal is a 1,330 square foot apartment, currently occupied by a tenant. Inquire for current rental details. This property is offered at an asking price of $400,000. Furthermore, the property qualifies for tax incentives, specifically the RHID and NRP programs, making it an even more attractive proposition for investors looking to expand the residential component. This prime location in Wyandotte County offers excellent visibility and accessibility, ensuring strong potential for both retail and residential income streams. The combination of established retail space and a generating residential unit makes this a truly unique and versatile investment opportunity. Don't miss this chance to acquire a well-positioned property in a thriving Kansas community.

    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
    Bonner Springs
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.8833
    Latitude
    39.0561
    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
    2023
    $8,533
    $10,799
    $43,704
    $54,503
    -
    $59,300
    $229,490
    $288,790

    Comparable in this City

    • Value Estimation by Request
      42.51 Acres

      Metro Ave

      RETAIL STORES (PERSONAL SERVICES)
      Metro Ave, Bonner Springs, KS 66012
      View Details
    • Value Estimation by Request
      660 SF

      12965 Loring Rd

      RETAIL STORES (PERSONAL SERVICES)
      12965 Loring Rd, Bonner Springs, KS 66012-7803
      View Details
    • Value Estimation by Request
      1,734 SF

      125 Oak St

      RETAIL STORES (PERSONAL SERVICES)
      125 Oak St, Bonner Springs, KS 66012-1049
      View Details
    • Value Estimation
      $760,000
      7,468 SF

      133 Oak St

      RETAIL STORES (PERSONAL SERVICES)
      133 Oak St, Bonner Springs, KS 66012-1026
      View Details
    • Value Estimation by Request
      2,202 SF

      220 Cedar Ave

      RETAIL STORES (PERSONAL SERVICES)
      220 Cedar Ave, Bonner Springs, KS 66012-1043
      View Details
    • Value Estimation by Request
      8,266 SF

      111 Oak St

      RETAIL STORES (PERSONAL SERVICES)
      111 Oak St, Bonner Springs, KS 66012-1045
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Land in Bonner Springs

      Three parcels of land available for development in Bonner Springs.
      13140 Canaan Center Dr, Bonner Springs, KS 66012
      View Details
    • $1,650,000

      Walmart Shadow-Anchored Retail Outparcel

      Triple-net leased outparcel shopping center with strong visibility and a national and local tenant mix near K-7.
      608 Tulip Dr, Bonner Springs, KS 66012
      View Details
    • Contact for pricing

      Land Near Village West

      Land close to amenities and entertainment venues.
      13285 Richland Ave, Bonner Springs, KS 66012
      View Details
    • $150,000
      3.01 Acres

      Bonner Springs Land Opportunity

      Three-acre lot in Bonner Springs with utilities and horse barn.
      Kansas Ave, Bonner Springs, KS 66012
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,719 SF

      Retail Space in Bonner Springs

      Retail or office spaces available in anchored Bonner Springs center.
      608 Tulip Dr, Bonner Springs, KS 66012
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Bonner Springs, Kansas.
      24 N 130Th St, Bonner Springs, KS 66012
      View Details
    • Contact for pricing
      2,000 SF

      Bonner Springs Retail Space Available

      Retail space available in Bonner Springs, Kansas.
      630-638 S 130Th St, Bonner Springs, KS 66012
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial property available for lease in Bonner Springs, Kansas.
      13027 Kansas Ave, Bonner Springs, KS 66012
      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.
    202 Oak St
    Bonner Springs, KS 66012-1029
    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
    202 Oak St, Bonner Springs, KS, 66012
    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!