Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5020 SW 28Th St Topeka, KS 66614

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for lease in Topeka, Kansas.

    Property size:
    1,550 SF
    Lot size:
    0.61 Acres

    Property Features for 5020 SW 28Th St

    General Information

    Size
    1,550 SF
    Lot size
    0.61 Acres

    We can help!

    Listing Contact
    Mike Morse
    Mike Morse
    Source: Moodyscre

    Listing Agent: Mike Morse

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Topeka Office Space For Rent

    This property offers 1,550 square feet of office space and is located at 5020 SW 28th St in Topeka, Kansas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    New Moon Counseling Physician Policy pro Insurance Insurance Agency Andy Linton - State ... Insurance Agency Heartland Works Inc Business Service Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.7407085
    Latitude
    39.0170094

    Nearby Similar for Lease

    • $10 SF/Yr
      19,188 SF

      Holliday Square: Office & Retail Space

      Prime Shawnee County location, multiple suites available.
      3009 Topeka Blvd, Topeka, KS 66611
      View Details
    • $4 SF/Yr
      19,634 SF

      Topeka Industrial Warehouse For Sale

      19,634 SF Warehouse, Multiple Tenants
      3120 Kansas Ave, Topeka, KS 66611
      View Details
    • $4 SF/Yr
      63,500 SF

      Topeka Flex Space Available

      63,500 SF Flex/R&D Space in Topeka, KS
      6531 Forbes Ave, Topeka, KS 66619
      View Details
    • $17 SF/Yr
      5,590 SF

      Marburg Building: Prime Corner Location

      Restaurant/Retail Opportunity, High Traffic Area
      500 10Th Ave, Topeka, KS 66612
      View Details
    • $5 SF/Yr
      58,649 SF

      Topeka Industrial Warehouse Space

      58,649 SF Warehouse, Flex & Distribution
      0 South Park Ave, Topeka, KS 66609
      View Details
    • $4 SF/Yr
      42,000 SF

      Topeka Flex Space: 42,000 SF

      Versatile Topeka warehouse/office space. Multiple units available.
      2035 Western Ave, Topeka, KS 66604
      View Details
    • $17 SF/Yr
      10,150 SF

      Retail Space on Wanamaker Road

      Prime retail space in Topeka's busiest corridor, excellent condition.
      1530 SW Wanamaker Rd, Topeka, KS 66604
      View Details
    • Contact for pricing
      32,470 SF

      Prime Shawnee County Warehouse/Flex Space

      Spacious warehouse/flex space; ideal for multiple tenants.
      400 Quincy St, Topeka, KS 66603
      View Details
    • $153 SF/Yr
      1,325 SF

      Topeka Salon Space for Lease

      Prime Retail Space, Established Location
      2910 Oakley Ave, Topeka, KS 66614
      View Details
    • $20 SF/Yr
      9,576 SF

      Topeka Medical Office Building

      Class A Office Suites, Excellent Location
      6730 29Th St, Topeka, KS 66614
      View Details
    • Contact for pricing
      12,559 SF

      Topeka Office Building - 800 SW Jackson

      Prime Topeka Office Space, Multiple Tenants
      800 Jackson St, Topeka, KS 66612
      View Details
    • $780 /Mo
      2,000 SF

      Topeka Warehouse Space for Rent

      Industrial warehouse space featuring large doors, parking, and flexible lease.
      660 NE Us Highway 24, Topeka, KS 66608
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for lease in Topeka, Kansas.
    Where is this office space located?
    The property is located at 5020 SW 28Th St Topeka, KS.
    What are key features of this property?
    This property features: - Office space available for lease; - Located in Topeka, Kansas
    (785) 228-5304
    Request Owner's contact information
    5020 SW 28Th St Topeka, KS 66614
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5020 SW 28Th St
    Topeka, KS 66614
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5020 SW 28Th St Topeka, KS 66614
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mike Morse
    Mike Morse
    (785) 228-5304
    Learn more
    Google sign-in failed. Please try again or use another login method.