Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3251 SW Topeka Blvd Topeka, KS 66611

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime commercial land with high-traffic location on Topeka Blvd.

    Type:Land
    Lot size:
    2.11 Acres
    Added:
    Apr 13, 2023
    Days on Market:
    1103
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 3251 SW Topeka Blvd

    General Information

    Standard status
    Active
    Lot size
    2.11 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Henry McClure
    Henry McClure

    Listing agent Henry McClure License #KS 00053441

    Listing office MCRE, LLC

    Listing date Apr 13, 2023

    Source Crexi

    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 MCRE, LLC

    Overview

    Topeka Blvd Commercial Land Available

    This commercial land is located along Topeka Blvd, an area experiencing significant growth due to the city's "Bring Back the Boulevard" campaign. The property is adjacent to a new McDonald's, KFC, Subway, Wendy's, and other traffic generators. The area has a well-established population. Two retail pad sites are available, one at 0.67 acres and the other at 2.11 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.6881136
    Latitude
    39.0081755

    Nearby Similar for Sale

    • $350,000

      Versatile Commercial Building on 6.7 Acres

      Repurpose a landmark Topeka property with endless potential.
      3800 SE Michigan AVE, Topeka, KS 66609
      View Details
    • $250,000

      Topeka Auto Repair Garage

      Two-bay auto repair garage in a convenient Topeka location.
      500 SE 29th ST, Topeka, KS 66605
      View Details
    • $125,000

      Updated Office Space For Sale

      Office space in high-traffic Topeka location, rented until 2028.
      5857 SW 29th ST, Topeka, KS 66614
      View Details
    • $225,000

      Topeka Office Space For Sale

      Office spaces in high-traffic area of SW Topeka near Wanamaker.
      5853 SW 29th ST, Topeka, KS 66614
      View Details
    • $110,000

      Topeka Office Space For Sale

      Office space in high-traffic area near Wanamaker corridor.
      5853 SW 29th ST, Topeka, KS 66614
      View Details
    • $1,385,000

      Topeka Office/Warehouse on 12 Acres

      Versatile 11,600 SF office/warehouse on 12 acres in Topeka.
      5301 SW Topeka BLVD, Topeka, KS 66609
      View Details
    • $70,000

      Topeka Office Space For Sale

      810 SF finished office space, ready for occupancy.
      5885 SW 29th ST, Topeka, KS 66614
      View Details
    • $75,000

      Turn-Key Restaurant Opportunity in Topeka

      Established restaurant business for sale with equipment and lease.
      5701 SW Douglas RD, Topeka, KS 66610
      View Details
    • $300,000

      Topeka Multifamily Investment Opportunity

      Three side-by-side duplexes in Topeka, fully occupied, generating rental income.
      2104 SE California AVE, Topeka, KS 66605
      View Details
    • $1,495,000

      Versatile Land with Dual Frontage

      16-acre commercial land with income potential in Topeka, Kansas.
      7523 SW 21st St, Topeka, KS 66615
      View Details
    • $82,000

      Topeka Land For Sale

      3.24 acre commercial land parcel in Topeka, Kansas.
      6218 NW Topeka BLVD, Topeka, KS 66617
      View Details
    • $225,000

      Topeka Commercial Corner Lot

      Prime commercial lot with high visibility and traffic in Topeka.
      S Kansas AVE, Topeka, KS 66612
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land with high-traffic location on Topeka Blvd.
    Where is this commercial land located?
    The property is located at 3251 SW Topeka Blvd Topeka, KS.
    What are key features of this property?
    This property features: Excellent location on Topeka Blvd.; Significant growth area due to the city's "Bring Back the Boulevard" campaign.; Adjacent to McDonald's, KFC, Subway, Wendy's, and other traffic generators.
    (785) 383-9994 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Henry McClure
    Henry McClure
    Real Estate License ID: KS 00053441
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!