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Property profile & analytics
FOR SALE
Medical Office Space
705 Baptiste Dr Paola, KS 66071
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US33-1464276
For Sale
1 / 82
$1,150,000
705 Baptiste Dr, Paola, KS 66071
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Property summary
AI-generated overview
This exceptional 1-story medical and executive office building, situated on a highly visible 1-acre lot on Baptiste Drive—a main thoroughfare in Paola, Kansas—presents a compelling investment opportunity. Constructed in 1989, the building offers a total of approximately 8400 square feet. Currently, a significant portion of the building (approximately 4000 square feet) is occupied by a thriving ophthalmology practice, "The Eye Doctors," under a lease agreement. Additionally, an audiologist's office occupies a portion of the space under a separate lease. The remaining 4400+ square feet is currently vacant and available for lease to new tenants. A tenant improvement allowance is negotiable for prospective lessees. This presents a unique opportunity for an owner-occupier to establish their business within the building or to capitalize on the potential rental income from the vacant space. The property's prime location and ample parking make it an attractive option for a variety of medical and professional office uses. The building's brick exterior contributes to its professional and appealing aesthetic. The property is located in Miami County, Kansas, with the address being 705 E Baptiste Drive, Paola, KS 66071. The asking price for this property is $1,095,000.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Total area
8,742 SF
Lot
1.37 ac (59,677 SF)
APN
135-16-0-10-05-007.01-0
UPID
US33-1464276
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
-
The EyeDoctors Optometrists Optometrist Surgical Center
-
Macdonald Angela OD Physician
-
Dr. Bradley D. Connett, MD Physician Medical Clinic
-
HearUSA Audiologist Hearing Aid Repair Service
-
Urology Center Of Olathe Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.14M
Owner & transaction history
Medical Realty Partners LLC · 8 yrs held
Medical Realty Partners LLC
since 2018
1 recorded transaction
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,480,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,230,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$935,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$910,000
Change: 0% · Conversion: Moderate
RETAIL STORES
$825,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$765,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$130 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$25,810
Tax year 2023
Assessed value
$196,376
Assessed 2023
Previous assessed
$196,376
+0.0% YoY
Effective rate
13.14%
On assessed value
Assessed land
$31,093
Assessed improvement
$165,283
Land market value
$124,370
Improvement market value
$661,130
Total market value
$785,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1989
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
8,742 SF
Lot
1.37 ac (59,677 SF)
APN
135-16-0-10-05-007.01-0
UPID
US33-1464276
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$935,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$910,000
RETAIL STORES
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$765,000
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
1.37 ac
Current owner
From public records · entity-resolved
Medical Realty Partners LLC
Entity
Mailing address
PO BOX 11421, OVERLAND PARK, KS 66207-1421
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2018
—
Medical Realty Partners LLC
—
Deed
related
$468,994 · Security Bank
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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