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    Property profile & analytics

    801 Penn Ave Independence, KS 67301-2708

    • Retail space
    • 1,912 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Location Intelligence
    Property ID
    US33-0276561
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 801 Penn Ave

    Year built
    1984
    Construction
    FRAME
    Lot size
    0.29 lot acres
    Property size
    1,912 SF
    Property type
    Retail space
    APN
    099-30-0-30-05-009.00-0
    APU
    993003005009000

    Description

    This exceptional 0.45-acre retail property located at 801 N Penn N/a, Independence, KS, presents a unique investment opportunity. Built in 1984, this custom-designed building boasts 179,000 USD asking price and offers versatile space ideal for retail, office, or restaurant use. The interior features a spacious showroom with attractive wood vaulted ceilings and two large bay windows, providing ample natural light. A well-equipped workspace includes a separate office, a dedicated workroom, and a convenient kitchen area. Additional storage is available in a garage and the attic above. The property also includes three floral coolers, a recently updated phone system (installed two years ago), a modern intercom system, and brand new LED lighting throughout. Two half-bathrooms cater to customer and employee needs. Exterior features include attractive landscaping enhanced by an automatic sprinkler system. While the current floral fixtures and inventory are included in the sale, the existing business name and family furnishings will not be transferred. This property's prime location and exceptional curb appeal make it a truly one-of-a-kind opportunity. Don't miss this chance to own a versatile and well-maintained commercial space in a thriving community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $185,000
      6.5%
      $205,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $215,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $195,000
      Retail
      $210,000
      Mixed-Use
      $200,000
      Hospitality
      $195,000
      Educational
      $220,000
      Residential Income
      $170,000
      Energy
      $190,000
      Income-Based Land
      $170,000
      Food Service
      $170,000

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Montgomery
    State
    Kansas
    Longitude
    -95.7069
    Latitude
    37.2314
    CBSA code
    17700
    CBSA name
    COFFEYVILLE, KS MICROPOLITAN 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
    2019
    $3,550
    $2,773
    $32,063
    $34,836
    -
    $11,090
    $128,250
    $139,340

    Comparable in this City

    • Value Estimation by Request
      1,100 SF

      506 10th St

      RETAIL STORES (PERSONAL SERVICES) • 1,100 SF
      506 10th St, Independence, KS 67301-4211
      View Details
    • Value Estimation by Request
      7,462 SF

      120 8th St

      RETAIL STORES (PERSONAL SERVICES) • 7,462 SF
      120 8th St, Independence, KS 67301
      View Details
    • Value Estimation by Request
      7,800 SF

      113 Laurel St

      RETAIL STORES (PERSONAL SERVICES) • 7,800 SF
      113 Laurel St, Independence, KS 67301-3311
      View Details
    • Value Estimation by Request
      420 SF

      400 Main St

      RETAIL STORES (PERSONAL SERVICES) • 420 SF
      400 Main St, Independence, KS 67301-3716
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    • Value Estimation by Request
      1,280 SF

      111 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,280 SF
      111 Main St, Independence, KS 67301-3510
      View Details
    • Value Estimation by Request
      5,332 SF

      119 Myrtle St

      RETAIL STORES (PERSONAL SERVICES) • 5,332 SF
      119 Myrtle St, Independence, KS 67301-3316
      View Details

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    801 Penn Ave
    Independence, KS 67301-2708
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    Realmo Value Estimation

    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.

    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.

    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
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