Topeka Warehouse Space
For Sale
Contact for pricing
907 SW 6th Ave, Topeka, KS
Warehouse space for rent featuring office and restroom facilities.
Property Size5,652 SF
Lot Size0.30 Acres
Price / SF$32.73
Days on Market1252
Property Features for 907 SW 6th Ave
General Information
Standard status
Active
Size
5,652 SF
Lot size
0.30 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Steve Ballou Real Estate LLC
(785) 224-0603
Listed By:
Steve Ballou
(785) 224-0603
Source:
Moodyscre
Added: Mar 21, 2023
Changed: Jul 6
Last Checked: Aug 23 at 12:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steve Ballou Real Estate LLC
Investment Insights
Based on property information with market context.
This property offers warehouse space with an office/reception area of 552 square feet. The property includes two restrooms and features a ceiling height of 14 feet. The total property size is 5,652 square feet.
Key Highlights
- Office/Reception Area: 552 sq. ft.
- Benefit from the expansive feel of the 14' Ceiling Height
- 2 Restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,651
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$193,020
$193.0K
Cap Rate 7%
$137,871
$137.9K
Cap Rate 9%
$107,233
$107.2K
Market Conditions
NOI Build-Up for 5,652 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$12.2K $2.16/SF
− Vacancy
−$855 −$0.15/SF
EGI
$11.4K $2.01/SF
− OpEx
−$1.7K −$0.30/SF
NOI
$9.7K $1.71/SF
Area
Topeka, KS
Vacancy
7.00%
Lease Rate
$2.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$193,020
Cap Rate 7%
$137,871
Cap Rate 9%
$107,233
Alternative Uses
Best Use
Warehouse
$137.9K
$120.6K – $160.9K
NOI $9,651 @ 7.0% cap · market cap 5.22%
Second Best
Industrial
$112.3K
$98.3K – $131.0K
NOI $7,862 @ 7.0% cap · market cap 4.25%
Theoretical Best
Self Storage
$637.5K
$557.9K – $743.8K
NOI $44,628 @ 7.0% cap · market cap 24.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,894
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- A&A Mini Storage — 200 SW Jackson St, Topeka, KS 66603
- AEOLIAN Mini-Warehouse & Storage — 1000 SE 10th Ave #1, Topeka, KS 66612
- Fairview Mills — Topeka, KS 66603
- ULockStore - Cheap Self Storage Units Topeka KS — 828 SW Fillmore St, Topeka, KS 66606
- Bailey Moving & Storage — 200 SW Jackson St A, Topeka, KS 66603
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse space for rent featuring office and restroom facilities.
Where is this warehouse located?
The property is located at 907 SW 6th Ave Topeka, KS.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Office/Reception Area: 552 sq. ft.; Benefit from the expansive feel of the **14' Ceiling Height**; 2 Restrooms
