Office Suite with Private
5841-5897 SW 29th St Topeka, KS 66614
For Sale
Contact for pricing
Office suite includes reception area, five offices, and a private restroom with phone/voicemail system.
Property Size1,280 SF
Price / SF$54.69
Days on Market1283
Property Features for 5841-5897 SW 29th St
General Information
Standard status
Active
Size
1,280 SF
Property subtype
OFFICE
Listing Agency:
Steve Ballou Real Estate LLC
(785) 224-0603
Listed By:
Steve Ballou
(785) 224-0603
Source:
Moodyscre
Added: Jan 23, 2023
Changed: Jul 26
Last Checked: Jul 28 at 3:08PM
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 office suite is set up with a reception area and five offices, providing room for multiple workspaces. The layout also includes a private restroom, along with a phone and voicemail system for day-to-day communications. The property features two large offices, including one with a fireplace and deck.
Access is described as offering quick connectivity to I-470. The property is located one block east of Wanamaker.
Overall, the configuration supports a dedicated office environment with separate rooms for meetings and individual work.
Access is described as offering quick connectivity to I-470. The property is located one block east of Wanamaker.
Overall, the configuration supports a dedicated office environment with separate rooms for meetings and individual work.
Key Highlights
- Office suite with reception area plus 5 offices
- 2 large offices, including one with a fireplace and deck
- Private restroom in the suite
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $7.1k | $5.52 |
| − Vacancy | −$1.3k | −$0.99 |
| EGI | $5.8k | $4.53 |
| − OpEx | −$1.4k | −$1.13 |
| NOI | $4.3k | $3.39 |
1,280 SF · lease $5.52/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$62.1K
$54.3K – $72.4K
NOI $4,345 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$144.4K
$126.3K – $168.5K
NOI $10,107 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office suite includes reception area, five offices, and a private restroom with phone/voicemail system.
Where is this office units located?
The property is located at 5841-5897 SW 29th St Topeka, KS.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: Office suite with reception area plus 5 offices; 2 large offices, including one with a fireplace and deck; Private restroom in the suite
