Single-Story Office
234 S Kansas Avenue Topeka, KS 66603
For Sale
Contact for pricing
Single-story 9,596-square-foot office building with an on-site parking lot in downtown Topeka.
Property Size9,596 SF
Price / SF$62.42
Days on Market16
Property Features for 234 S Kansas Avenue
General Information
- Standard status
- Active
- Size
- 9,596 SF
- Property subtype
- Office
Listing Agency:
Reece Commercial
(913) 945-3718
Listed By:
John Sweeney · License #KS SP00233396
Source:
Crexi
Added: Jul 8
Changed: Jul 23
Last Checked: Jul 23 at 1:16AM
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 Reece Commercial
Investment Insights
Based on property information with market context.
This single-story office building totals 9,596 square feet and includes a parking lot for tenant and visitor use. The property is configured as a standalone downtown office asset.
Located in downtown Topeka at 234 S. Kansas Avenue, the building offers straightforward access via the included parking lot.
As listed, the property is offered for sale at a fixed size and parking-lot configuration, making it a practical option for office users seeking a single-story layout.
Located in downtown Topeka at 234 S. Kansas Avenue, the building offers straightforward access via the included parking lot.
As listed, the property is offered for sale at a fixed size and parking-lot configuration, making it a practical option for office users seeking a single-story layout.
Key Highlights
- Single‑story 9,596 SF office building in downtown Topeka
- On‑site parking lot
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.0k | $5.52 |
| − Vacancy | −$9.5k | −$0.99 |
| EGI | $43.4k | $4.53 |
| − OpEx | −$10.9k | −$1.13 |
| NOI | $32.6k | $3.39 |
9,596 SF · lease $5.52/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$465.4K
$407.2K – $543.0K
NOI $32,577 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$1.08M
$947.1K – $1.26M
NOI $75,770 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Food Distribution Center ...
Food Bank
Registration
State Police
Food Distribution Center ...
Food Bank
Catholic Charities of NE ...
Charitable Organization
Catholic Charities of NE ...
Food Bank
FAQs
What type of property is this?
Office building - Single-story 9,596-square-foot office building with an on-site parking lot in downtown Topeka.
Where is this office building located?
The property is located at 234 S Kansas Avenue Topeka, KS.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Single‑story 9,596 SF office building in downtown Topeka; On‑site parking lot
