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Topeka Industrial and Office Structures

225 NW Curtis St, Topeka, KS 66608

For Sale
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Industrial and office structures in the North Topeka Arts District.

Property Size15,625 SF
Lot Size2.41 Acres
Price / SF$40
Days on Market249

Property Features for 225 NW Curtis St

General Information

Standard status Active
Size 15,625 SF
Lot size 2.41 Acres
Property subtype Special Purpose
Zoning X3
Investment Type Redevelopment

Site & Location

Neighborhood North Topeka East

Building Details

Year Built 1970
Buildings 4
Listing Agency: Coldwell Banker Commercial Griffith & Blair
Listed By: Scott Boling · License KS #00247210
Source: Crexi
Added: Mar 7 Changed: Oct 30 Last Checked: Nov 8 at 7:13AM

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 Coldwell Banker Commercial Griffith & Blair

Rey
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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.

Located in the North Topeka Arts District (NOTO) along the Kansas River corridor, 225 NW Curtis Street offers an investment and redevelopment opportunity. The property includes approximately 15,625 square feet of industrial and office structures distributed across multiple buildings on approximately 2.41 acres. Situated across from the Great Overland Station, a revitalized historic Union Pacific train station, the property benefits from its location within a tourism and cultural area. The existing improvements provide functional space suitable for immediate occupancy or interim income generation while long-term redevelopment plans are evaluated. Two buildings function as office and warehouse structures, including one with dock-height loading capability suitable for contractor supply operations, light industrial users, or distribution functions. A larger heated shop building with oversized overhead doors is suited for large truck repair, equipment maintenance, fabrication, contractor operations, or fleet service uses, and includes office areas and mezzanine storage. The site also provides yard space suitable for contractor staging, fleet parking, or equipment storage, making the property attractive for trade contractors, logistics operators, or service-based businesses. The parcel is located near the prospective landing area of the planned pedestrian bridge intended to connect downtown Topeka with North Topeka. Qualifying projects may be able to leverage economic development tools, including Industrial Revenue Bonds (IRBs), potential formation of a Tax Increment Financing (TIF) district, Neighborhood Revitalization Act (NRA) property tax rebate programs, and possible support through Transient Guest Tax (TGT) funding for tourism-related development initiatives. Phase I and Phase II Environmental Site Assessments are available for review.

Key Highlights

  • Strategic location in the North Topeka Arts District (NOTO) and Kansas River riverfront planning corridor
  • Redevelopment opportunity with potential access to economic development tools
  • Existing functional industrial and office structures (approx. 15,625 sq ft) suitable for immediate occupancy

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$21,735
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,700 $434.7K
Cap Rate 7%
$310,500 $310.5K
Cap Rate 9%
$241,500 $241.5K
Market Conditions
NOI Build-Up for 15,625 SF
Gross rent
$33.8K $2.16/SF
− Vacancy
−$2.7K −$0.17/SF
EGI
$31.1K $1.99/SF
− OpEx
−$9.3K −$0.60/SF
NOI
$21.7K $1.39/SF
Area
Topeka, KS
Vacancy
8.00%
Lease Rate
$2.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,700
Cap Rate 7%
$310,500
Cap Rate 9%
$241,500

Alternative Uses

Best Use
Flex RnD
$1.04M
$911.0K – $1.21M (±1% cap)
NOI $72,881 @ 7.0% cap · market cap 11.66%
Second Best
Industrial
$310.5K
$271.7K – $362.3K (±1% cap)
NOI $21,735 @ 7.0% cap · market cap 3.48%
Theoretical Best
Self Storage
$1.76M
$1.54M – $2.06M (±1% cap)
NOI $123,375 @ 7.0% cap · market cap 19.74%
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

Flex space

Suggested Use

Top Pick Dental Office Restaurant Pharmacy Real Estate Agency Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

385
Businesses Nearby
Balanced
Demand for This Use

Demographics for 66608, KS

5,247
Population
2,484
Households
2.1
Avg Household Size
40
Median Age
7%
College-Educated
87%
High-School Grad
4.3 sq mi
ZIP Area
1,220
Density / Sq Mi
$49,792
Median Household Income
$29,754
Median Earnings
$843
Median Rent
$77,500
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

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Similar Off Market Nearby

  • Front Door Catering LLC — 114 nw laurent st, topeka, ks 66608

Frequently Asked Questions

What type of property is this?
Flex space - Industrial and office structures in the North Topeka Arts District.
Where is this flex space located?
The property is located at 225 NW Curtis St Topeka, KS.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Strategic location in the North Topeka Arts District (NOTO) and Kansas River riverfront planning corridor; Redevelopment opportunity with potential access to economic development tools; Existing functional industrial and office structures (approx. 15,625 sq ft) suitable for immediate occupancy
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