Corner Warehouse with Loading
For Sale
Contact for pricing
1435 SE Madison ST, Topeka, KS 66607
Vacant industrial space includes a garage, upstairs loft, bathroom, and concrete loading dock.
Property Size3,277 SF
Price / SF$33.26
Days on Market134
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Property Features for 1435 SE Madison ST
General Information
Standard status
Active
Size
3,277 SF
Property subtype
Industrial, Office, Retail
Zoning
I-1 Light Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Warehouse Space
3,200 SF
Building Details
Year Built
1920
Listing Agency:
Platinum Realty LLC
Listed By:
Tyler Frank · License #00237237
(785) 215-9513
Source:
Crexi
Added: Jun 4
Changed: Oct 4
Last Checked: Oct 14 at 11:38PM
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 Platinum Realty LLC
Investment Insights
Based on property information with market context.
Built in 1920, this 3,277-square-foot warehouse offers a flexible industrial layout with a garage area, bathroom, and loft space on the upper level. The building is vacant and available for immediate occupancy, with a concrete loading dock supporting material movement and receiving needs.
The property occupies a corner lot with frontage along two sides. Its setting is a few blocks from the I-70 entrance and the downtown area, providing convenient access to both regional routes and central Topeka. I-1 Light Industrial zoning supports the property’s industrial classification, while the existing configuration can accommodate an owner-user or rental occupancy.
The property occupies a corner lot with frontage along two sides. Its setting is a few blocks from the I-70 entrance and the downtown area, providing convenient access to both regional routes and central Topeka. I-1 Light Industrial zoning supports the property’s industrial classification, while the existing configuration can accommodate an owner-user or rental occupancy.
Key Highlights
- 3,277‑square‑foot warehouse built in 1920
- I‑1 Light Industrial zoning
- Corner lot with frontage on two sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,595
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$111,900
$111.9K
Cap Rate 7%
$79,929
$79.9K
Cap Rate 9%
$62,167
$62.2K
Market Conditions
NOI Build-Up for 3,277 SF
Gross rent
$7.1K $2.16/SF
− Vacancy
−$495 −$0.15/SF
EGI
$6.6K $2.01/SF
− OpEx
−$987 −$0.30/SF
NOI
$5.6K $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 Rate 5%
$111,900
Cap Rate 7%
$79,929
Cap Rate 9%
$62,167
Alternative Uses
Best Use
Warehouse
$79.9K
$69.9K – $93.3K
NOI $5,595 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$369.6K
$323.4K – $431.3K
NOI $25,875 @ 7.0% cap · market cap 23.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66607, KS
10,414
Population
3,933
Households
2.6
Avg Household Size
34
Median Age
7%
College-Educated
81%
High-School Grad
7.0 sq mi
ZIP Area
1,488
Density / Sq Mi
$28,791
Median Household Income
$27,606
Median Earnings
$804
Median Rent
$45,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- AEOLIAN Mini-Warehouse & Storage — 1000 SE 10th Ave #1, Topeka, KS 66612
- Topeka Terminal LLC — 610 SE 10th Ave, Topeka, KS 66607
- Public Storage — 710 SE 8th Ave, Topeka, KS 66607
Frequently Asked Questions
What type of property is this?
Warehouse - Vacant industrial space includes a garage, upstairs loft, bathroom, and concrete loading dock.
Where is this warehouse located?
The property is located at 1435 SE Madison ST Topeka, KS.
What is the asking price?
The asking price for this property is $109,000.
What are key features of this property?
This property features: 3,277‑square‑foot warehouse built in 1920; I‑1 Light Industrial zoning; Corner lot with frontage on two sides
