Flex Space with Fenced
2150 South Kansas Avenue, Topeka, KS 66611
For Sale
Contact for pricing
I-1-zoned property combines office accommodation, warehouse space, and a secured outdoor yard.
Property Size5,600 SF
Lot Size3.58 Acres
Price / SF$66.96
Days on Market20
Property Features for 2150 South Kansas Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Warehouse Space
Office Build-Out
Listing Agency:
Berkshire Hathaway HomeServices First, REALTORS
Listed By:
Annie Foust · License KS SP00237128
(785) 393-7478
Source:
Crexi
Added: Oct 22
Changed: Nov 9
Last Checked: Nov 9 at 2:03PM
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 HomeServices First, REALTORS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains approximately 5,600 square feet across office and warehouse areas, with 1,800 square feet of office space and 3,800 square feet of warehouse space. The office layout includes a lobby, several private offices, and two restrooms, one fitted with a shower. Four semi-height overhead doors serve the warehouse. A fully fenced yard adds outdoor area for equipment, vehicles, and storage. Air-conditioning units were replaced in 2022; flooring and paint have also been updated.
The 3.58-acre property is zoned I-1 and sits on South Kansas Avenue in Topeka’s automotive corridor. The location provides access to Downtown Topeka and nearby commercial districts.
The 3.58-acre property is zoned I-1 and sits on South Kansas Avenue in Topeka’s automotive corridor. The location provides access to Downtown Topeka and nearby commercial districts.
Key Highlights
- 5,600 square feet total: 1,800 square feet of office and 3,800 square feet of warehouse
- 3.58‑acre site zoned I‑1
- Warehouse has four semi‑height overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,398
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,960
$688.0K
Cap Rate 7%
$491,400
$491.4K
Cap Rate 9%
$382,200
$382.2K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$60.5K $10.80/SF
− Vacancy
−$5.4K −$0.97/SF
EGI
$55.0K $9.83/SF
− OpEx
−$20.6K −$3.69/SF
NOI
$34.4K $6.14/SF
Area
Topeka, KS
Vacancy
9.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,960
Cap Rate 7%
$491,400
Cap Rate 9%
$382,200
Alternative Uses
Best Use
Mixed Use
$491.4K
$430.0K – $573.3K
NOI $34,398 @ 7.0% cap · market cap 9.17%
Second Best
Flex RnD
$373.2K
$326.5K – $435.4K
NOI $26,121 @ 7.0% cap · market cap 6.97%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
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
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
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 office accommodation, warehouse space, and a secured outdoor yard.
Where is this flex space located?
The property is located at 2150 South Kansas Avenue 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: 5,600 square feet total: 1,800 square feet of office and 3,800 square feet of warehouse; 3.58‑acre site zoned I‑1; Warehouse has four semi‑height overhead doors
