Corner Warehouse with Loading
For Sale
$109,000
1435 SE Madison ST, Topeka, KS 66607
Commercial Sale, Topeka, KS
Property Size3,200 SF
Price / SF$34.06
Days on Market134
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Property Features for 1435 SE Madison ST
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-1 Light Industrial
Parking
8
Subdivision
Southeast Topeka
Lot features
Corner Lot
Directions
15th and Kansas Ave. East on 15th and property is on the corner of 15th and Madison.
Standard status
Active
APN
R33044
Taxes and HOA fees
Tax Description
To Appear on Deed
Tax Annual Amount
4343
Legal Description
To Appear on Deed
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1920
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Tyler Frank · License #00237237
(785) 215-9513
Added: Jun 4
Changed: Oct 8
Last Checked: Oct 15 at 3:06PM
MLS# 244865
Copyright © 2026 Sunflower Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1435 SE Madison ST in Topeka, this vacant warehouse offers over 3,200 square feet of space for rental use or owner occupancy. The building includes a garage area, bathroom, upstairs loft, and concrete loading dock. Built in 1920, the property is zoned I-1 Light Industrial.
The building occupies a corner lot with frontage on 2 sides, providing access from more than one direction. It is situated a few blocks from an I-70 entrance and the downtown area. Public water and public sewer serve the property, with natural gas available.
The building occupies a corner lot with frontage on 2 sides, providing access from more than one direction. It is situated a few blocks from an I-70 entrance and the downtown area. Public water and public sewer serve the property, with natural gas available.
Key Highlights
- Over 3,200 square foot warehouse space
- I‑1 Light Industrial zoning
- Corner lot with frontage on 2 sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,464
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$109,280
$109.3K
Cap Rate 7%
$78,057
$78.1K
Cap Rate 9%
$60,711
$60.7K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$6.9K $2.16/SF
− Vacancy
−$484 −$0.15/SF
EGI
$6.4K $2.01/SF
− OpEx
−$964 −$0.30/SF
NOI
$5.5K $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%
$109,280
Cap Rate 7%
$78,057
Cap Rate 9%
$60,711
Alternative Uses
Best Use
Flex RnD
$213.2K
$186.6K – $248.8K
NOI $14,926 @ 7.0% cap · market cap 13.69%
Second Best
Warehouse
$78.1K
$68.3K – $91.1K
NOI $5,464 @ 7.0% cap · market cap 5.01%
Theoretical Best
Self Storage
$361.0K
$315.8K – $421.1K
NOI $25,267 @ 7.0% cap · market cap 23.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Dock-high doors
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 with a garage, loft, bathroom, and I-1 Light Industrial zoning.
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: Over 3,200 square foot warehouse space; I‑1 Light Industrial zoning; Corner lot with frontage on 2 sides
