Vehicle Maintenance
For Sale
Contact for pricing
123 NW Jackson St, Topeka, KS 66603
Warehouse with vehicle maintenance infrastructure, three drive-in doors, and walled outside storage totaling 4,700± SF.
Property Size4,332 SF
Lot Size0.26 Acres
Price / SF$51.94
Days on Market510
Property Features for 123 NW Jackson St
General Information
Standard status
Active
Size
4,332 SF
Lot size
0.26 Acres
Property subtype
INDUSTRIAL
Zoning
D-3
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
3
Heavy Power
Yes
Building Details
Year Built
1900
Year Renovated
2023
Listing Agency:
Colliers | Kansas City
(816) 531-5303
Listed By:
Doug Hedrick, SIOR, CCIM
(913) 205-7359
Source:
Moodyscre
Added: Apr 23, 2025
Changed: Sep 2
Last Checked: Sep 14 at 12:36PM
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 Colliers | Kansas City
Investment Insights
Based on property information with market context.
This vehicle maintenance and warehouse building offers a total building area of 4,332± SF with loading served by three drive-in doors. The space features clear height ranging from 15'2" to 18', with 3-phase, 220V electrical service. Outside storage includes 4,700± SF of walled area.
The property sits on a 0.26± acre site and is zoned D-3 (Downtown Mixed-Use District), supporting a mixed-use context within the downtown area.
Built in 1900 and updated in 2023, the facility is equipped to accommodate warehouse and vehicle-related operations with drive-in access and dedicated outdoor storage.
The property sits on a 0.26± acre site and is zoned D-3 (Downtown Mixed-Use District), supporting a mixed-use context within the downtown area.
Built in 1900 and updated in 2023, the facility is equipped to accommodate warehouse and vehicle-related operations with drive-in access and dedicated outdoor storage.
Key Highlights
- Vehicle maintenance & warehouse building with 4,332± SF total building area
- 3 drive‑in loading doors plus clear height of 15'2" to 18'
- Outside storage area totals 4,700± SF and is walled
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
$7,397
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
3.29%
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%
$147,940
$147.9K
Cap Rate 7%
$105,671
$105.7K
Cap Rate 9%
$82,189
$82.2K
Market Conditions
NOI Build-Up for 4,332 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
$9.4K $2.16/SF
− Vacancy
−$655 −$0.15/SF
EGI
$8.7K $2.01/SF
− OpEx
−$1.3K −$0.30/SF
NOI
$7.4K $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%
$147,940
Cap Rate 7%
$105,671
Cap Rate 9%
$82,189
Alternative Uses
Best Use
Warehouse
$105.7K
$92.5K – $123.3K
NOI $7,397 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$488.6K
$427.6K – $570.1K
NOI $34,205 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
3
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66603, KS
1,569
Population
1,151
Households
1.4
Avg Household Size
38
Median Age
17%
College-Educated
91%
High-School Grad
0.9 sq mi
ZIP Area
1,743
Density / Sq Mi
$38,992
Median Household Income
$25,556
Median Earnings
$593
Median Rent
$91,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- A&A Mini Storage — 200 SW Jackson St, Topeka, KS 66603
- Fairview Mills — Topeka, KS 66603
- Bailey Moving & Storage — 200 SW Jackson St A, Topeka, KS 66603
- Valley Self-Storage — 107 SE Madison St, Topeka, KS 66607
- Topeka Cold Storage — 110 e 1st ave, topeka, ks 66603
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with vehicle maintenance infrastructure, three drive-in doors, and walled outside storage totaling 4,700± SF.
Where is this warehouse located?
The property is located at 123 NW Jackson St Topeka, KS.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Vehicle maintenance & warehouse building with 4,332± SF total building area; 3 drive‑in loading doors plus clear height of 15'2" to 18'; Outside storage area totals 4,700± SF and is walled
