501 Hospital Dr Paola, KS 66071-1850
Property profile & analytics
501 Hospital Dr Paola, KS 66071-1850
- Medical Office Space
- 24,459 SF
- 3.43 lot acres
Property ID
US33-1370009
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.
Location Intelligence
Current Use by Public Records
- Fort Scott Community College / College
- Dr. Emmett Mcwoods Jr, MD / Physician
- Paola VA Clinic / Medical Clinic
- Community Correction Office / County Government Office
- Elizabeth A. Stone, MOT / Physician
Property Details for 501 Hospital Dr
- Year built
- 1955
- Lot size
- 3.43 lot acres
- Property size
- 24,459 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 135-15-0-30-01-011.01-0
- APU
- 1351503001011010
Description
This exceptional 24,500 square foot brick commercial building presents a lucrative investment opportunity in Paola, Kansas. Located at 501 S Hospital Drive, this single-story property sits on a generous 3.43-acre lot. Originally constructed in 1955, the building has been thoughtfully repurposed from its former use as a hospital into three or more rental units, generating a substantial net income of approximately $200,000 annually. The property's classification as both Medical Office and Executive Office space caters to a diverse range of potential tenants, ensuring strong occupancy rates and consistent revenue streams. The asking price is $1,950,000. Situated in Miami County, Kansas, with a 66071 zip code, this prime location offers excellent accessibility and visibility. The building's substantial size and established rental income make it an ideal investment for those seeking a stable and profitable commercial property in a thriving Kansas community. This is a rare opportunity to acquire a well-maintained, income-producing asset with significant potential for future growth and appreciation. The property's history as a hospital provides a solid foundation for continued success in the medical or executive office market.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $4,135,000
- OFFICE BUILDING
- $3,440,000
- COMMERCIAL (GENERAL)
- $2,620,000
- APARTMENT HOUSE (5+ UNITS)
- $2,550,000
- RETAIL STORES
- $2,305,000
- AUTO REPAIR, GARAGE
- $2,145,000
- WAREHOUSE, STORAGE
- $1,860,000
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Location Insight
- Map
- Local Demand
- City
- Paola
- County
- Miami
- State
- Kansas
- Longitude
- -94.8629
- Latitude
- 38.5667
- 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
$45,340
$51,265
$293,708
$344,973
-
$205,060
$1,174,830
$1,379,890
