Flex Space with Fenced
For Sale
$375,000
2150 S Kansas Ave, Topeka, KS 66611
I-1-zoned property combines private offices, warehouse capacity, and a fenced outdoor area for equipment or storage.
Property Size5,600 SF
Lot Size3.58 Acres
Price / SF$66.96
Days on Market10
Property Features for 2150 S Kansas Ave
General Information
Standard status
Active
Size
5,600 SF
Lot size
3.58 Acres
Zoning
I-1
Site & Location
Neighborhood
Jefferson Square
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
3,800 SF
Office Build-Out
1,800 SF
Additional Details
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$15,882
Building Details
Building Size
5,600 SF
Listing Agency:
Berkshire Hathaway First
(785) 271-2888
Listed By:
Annie Foust · License #SP00237128
(785) 393-7478
Source:
Exprealty
Added: Oct 22
Changed: Oct 28
Last Checked: Oct 30 at 7:53PM
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 Berkshire Hathaway First
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Investment Insights
Based on property information with market context.
This flex property brings together approximately 5,600 square feet of office and warehouse space on 3.58 acres. The building contains 1,800 square feet of office area and 3,800 square feet of warehouse space, served by four semi-height overhead doors. Office features include a lobby, several private offices, and two restrooms, one with a shower. A/C units were replaced in 2022, and the property has newer flooring and paint.
The I-1-zoned site is along Topeka’s South Kansas Avenue automotive corridor, with access to Downtown Topeka and nearby commercial districts. A fully fenced yard provides outdoor space for equipment, vehicles, and storage.
The I-1-zoned site is along Topeka’s South Kansas Avenue automotive corridor, with access to Downtown Topeka and nearby commercial districts. A fully fenced yard provides outdoor space for equipment, vehicles, and storage.
Key Highlights
- 3.58‑acre I‑1‑zoned property with a fully fenced yard
- Approximately 5,600 square feet total: 1,800 square feet of office and 3,800 square feet of warehouse
- Warehouse has four semi‑height overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,121
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,420
$522.4K
Cap Rate 7%
$373,157
$373.2K
Cap Rate 9%
$290,233
$290.2K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$43.7K $7.80/SF
− Vacancy
−$3.5K −$0.62/SF
EGI
$40.2K $7.18/SF
− OpEx
−$14.1K −$2.51/SF
NOI
$26.1K $4.66/SF
Area
Topeka, KS
Vacancy
8.00%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,420
Cap Rate 7%
$373,157
Cap Rate 9%
$290,233
Alternative Uses
Best Use
Flex RnD
$373.2K
$326.5K – $435.4K
NOI $26,121 @ 7.0% cap · market cap 6.97%
Second Best
Warehouse
$136.6K
$119.5K – $159.4K
NOI $9,562 @ 7.0% cap · market cap 2.55%
Theoretical Best
Self Storage
$631.7K
$552.7K – $737.0K
NOI $44,218 @ 7.0% cap · market cap 11.79%
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
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 66611, KS
9,843
Population
4,814
Households
2
Avg Household Size
39
Median Age
32%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
2,983
Density / Sq Mi
$54,612
Median Household Income
$36,823
Median Earnings
$963
Median Rent
$139,100
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
- G's Catering — 2532 SE Monroe St, Topeka, KS 66605
- Heart of America Food Services LLC — 1 Expocentre Dr, Topeka, KS 66612
Frequently Asked Questions
What type of property is this?
Flex space - I-1-zoned property combines private offices, warehouse capacity, and a fenced outdoor area for equipment or storage.
Where is this flex space located?
The property is located at 2150 S Kansas Ave Topeka, KS.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3.58‑acre I‑1‑zoned property with a fully fenced yard; Approximately 5,600 square feet total: 1,800 square feet of office and 3,800 square feet of warehouse; Warehouse has four semi‑height overhead doors
