Flex Space with Drive-In
For Sale
$600,000
2300 Southeast Lakewood Boulevard, Topeka, KS 66605
A commercial building combines finished office area with warehouse space, central HVAC, and dedicated loading access.
Property Size10,000 SF
Price / SF$60
Days on Market62
Property Features for 2300 Southeast Lakewood Boulevard
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial
Listing Agency:
CBRE
Listed By:
Ben Whetstone · License #00247020
(816) 756-3535
Source:
Cbre
Added: Aug 8
Changed: Sep 26
Last Checked: Oct 7 at 11:14AM
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 CBRE
Investment Insights
Based on property information with market context.
Located at 2300 SE Lakewood Blvd in Topeka, Kansas, this flex property offers 10,000+/- SF of building area, including 3,648+/- SF of office space. The configuration combines finished administrative space with warehouse area and includes three restrooms.
Warehouse functionality includes 16' clear height and two drive-in doors measuring 12' W x 14' H. The property also provides 18 parking spaces. Central HVAC serves the finished area, while ceiling-hung gas heaters serve the warehouse.
Warehouse functionality includes 16' clear height and two drive-in doors measuring 12' W x 14' H. The property also provides 18 parking spaces. Central HVAC serves the finished area, while ceiling-hung gas heaters serve the warehouse.
Key Highlights
- 10,000+/- SF building with 3,648+/- SF of office area
- 16' clear height in the warehouse
- 2 drive‑in doors measuring 12' W x 14' H
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,644
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$932,880
$932.9K
Cap Rate 7%
$666,343
$666.3K
Cap Rate 9%
$518,267
$518.3K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$78.0K $7.80/SF
− Vacancy
−$6.2K −$0.62/SF
EGI
$71.8K $7.18/SF
− OpEx
−$25.1K −$2.51/SF
NOI
$46.6K $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%
$932,880
Cap Rate 7%
$666,343
Cap Rate 9%
$518,267
Alternative Uses
Best Use
Flex RnD
$666.3K
$583.1K – $777.4K
NOI $46,644 @ 7.0% cap · market cap 7.77%
Second Best
Office B
$485.0K
$424.4K – $565.8K
NOI $33,948 @ 7.0% cap · market cap 5.66%
Theoretical Best
Self Storage
$1.13M
$987.0K – $1.32M
NOI $78,960 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 66605, KS
19,531
Population
8,655
Households
2.3
Avg Household Size
37
Median Age
20%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
1,953
Density / Sq Mi
$57,623
Median Household Income
$41,818
Median Earnings
$856
Median Rent
$157,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - A commercial building combines finished office area with warehouse space, central HVAC, and dedicated loading access.
Where is this flex space located?
The property is located at 2300 Southeast Lakewood Boulevard Topeka, KS.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 10,000+/- SF building with 3,648+/- SF of office area; 16' clear height in the warehouse; 2 drive‑in doors measuring 12' W x 14' H
