Flex/Industrial Building with
320 W 1st Ave Topeka, KS 66603
For Sale
Contact for pricing
Flex industrial property includes 1,600 SF office and a 30-ton bridge crane with drive-in loading.
Property Size6,400 SF
Lot Size1.67 Acres
Price / SF$117.19
Days on Market347
Property Features for 320 W 1st Ave
General Information
- Standard status
- Active
- Size
- 6,400 SF
- Lot size
- 1.67 Acres
- Property subtype
- INDUSTRIAL
Listing Agency:
Colliers | Kansas City
(913) 205-7359
Listed By:
Doug Hedrick, SIOR, CCIM
(913) 205-7359
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Jul 25
Last Checked: Jul 25 at 5:37AM
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 Colliers | Kansas City
Investment Insights
Based on property information with market context.
This flex/industrial facility totals approximately 6,400 SF, including a 1,600 SF office building and a 4,800 SF industrial warehouse. The industrial space offers a 30-ton bridge crane with a 20’ hook height, along with drive-in door loading sized 20’ x 14’. Clear height ranges from 28’4” to 33’4”. The warehouse floor is dirt, and electrical service is 600 amp/3-phase.
The office area is approximately 1,940 SF and is described as updated in the 1980s, with a slate roof replacement in 1993. The property sits on about 1.67 acres of rocked land and is zoned D-3 (Downtown Mixed-Use District).
The office area is approximately 1,940 SF and is described as updated in the 1980s, with a slate roof replacement in 1993. The property sits on about 1.67 acres of rocked land and is zoned D-3 (Downtown Mixed-Use District).
Key Highlights
- 6,400± SF flex industrial property with 1,600± SF office and 4,800± SF industrial space
- 30‑ton bridge crane with 20' hook height in the industrial building
- Drive‑in loading with a 20' x 14' door and 28'9"-33'9" clear height
Financial Insights For Flex RnD
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 | $49.9k | $7.80 |
| − Vacancy | −$4.0k | −$0.62 |
| EGI | $45.9k | $7.18 |
| − OpEx | −$16.1k | −$2.51 |
| NOI | $29.9k | $4.66 |
6,400 SF · lease $7.80/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$426.5K
$373.2K – $497.5K
NOI $29,852 @ 7.0% cap · market cap 3.98%
Second Best
Office B
$310.4K
$271.6K – $362.1K
NOI $21,727 @ 7.0% cap · market cap 2.90%
Theoretical Best
Self Storage
$721.9K
$631.7K – $842.2K
NOI $50,534 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Seamless Vinyl Siding
Construction Company
Similar Off Market Nearby
- Iron Rail Catering — 705 S Kansas Ave, Topeka, KS 66603
- Front Door Catering LLC — 114 nw laurent st, topeka, ks 66608
FAQs
What type of property is this?
Flex space - Flex industrial property includes 1,600 SF office and a 30-ton bridge crane with drive-in loading.
Where is this flex space located?
The property is located at 320 W 1st Ave Topeka, KS.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 6,400± SF flex industrial property with 1,600± SF office and 4,800± SF industrial space; 30‑ton bridge crane with 20' hook height in the industrial building; Drive‑in loading with a 20' x 14' door and 28'9"-33'9" clear height
