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Property profile & analytics
OFF-MARKET
Warehouses
609 Shawnee St Paola, KS 66071-1648
Individually Owned
16-yr Hold
Free & Clear
Property ID
US33-1220417
Property summary
AI-generated overview
This exceptional investment opportunity presents three attached commercial warehouse buildings situated on a substantial 13,992 square foot corner lot in Paola, Kansas. Located at 609 W Shawnee Street, zip code 66071, this property offers significant potential for redevelopment. Built in 1927, the single-story structure currently functions as a warehouse, auto shop, and manufacturing space, showcasing its versatility. The property is being sold "as-is," meaning the seller will not undertake any repairs or treatments prior to closing. A new roof is required. This presents a unique chance for a buyer to envision and execute their own vision for the space, transforming it into a thriving commercial hub. The property's prime location in Paola, Miami County, Kansas, offers excellent access to transportation routes and a growing local market. The asking price is $85,000, making this a compelling investment for those seeking a hands-on project with substantial upside. Serious inquiries only.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1927
Total area
2,375 SF
Lot
0.08 ac (3,485 SF)
APN
134-17-0-40-03-002.00-0
UPID
US33-1220417
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
-
Busy Stanchfield Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Andrew N Herrold · 16 yrs held
Andrew N Herrold
since 2010
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Paola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paola submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$116
Tax year 2022
Assessed value
$2,042
Assessed 2023
Previous assessed
$2,042
+0.0% YoY
Effective rate
5.68%
On assessed value
Assessed land
$2,042
Land market value
$17,760
Total market value
$17,760
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1927
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,375 SF
Lot
0.08 ac (3,485 SF)
APN
134-17-0-40-03-002.00-0
UPID
US33-1220417
Jurisdiction
MIAMI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1927
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Andrew N Herrold
Individual
Free & Clear · 16 yrs held
Mailing address
8414 W 79TH ST, OVERLAND PARK, KS 66204-2812
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2010
—
Andrew N Herrold
Frederick Worthen
Warranty Deed
—
Jan 8, 2010
—
Frederick F Worthen
Caroline Ndwaru
Intrafamily Transfer
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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