705 Baptiste DrPaola, KS 66071

Property Details for 705 Baptiste Dr

Year built

1989

Lot size

1.37 AC

Property size (Sq ft)

8,742 SF

Property type

Medical offices

Property subtype

Medical centers

APN

135-16-0-10-05-007.01-0

APU

1351601005007010

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,471,067

  6.5%

  $1,357,908

  7%

  $1,260,915

• Comparable approach

  Method

  Valuation

  Relative Method

  $625,315

  Geo Method

  $625,315

• Alternative Use

  Use

  Valuation

  Residential

  $1,683,806

  Hospitality

  $1,542,357

  Educational

  $1,283,223

  Medical

  $1,327,355

  Retail

  $1,996,125

Location Insight

City

Paola

County

Miami

State

Kansas

Latitude

38.5761

Longitude

-94.8682

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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