Three-Story Multi-Tenant Office
3715 SW 29th St Topeka, KS 66614
For Sale
Contact for pricing
Three-story office building suitable for owner, occupant, or landlord.
Property Size10,846 SF
Price / SF$96.81
Days on Market1129
Property Features for 3715 SW 29th St
General Information
Standard status
Active
Size
10,846 SF
Property subtype
Office
Building Details
Year Built
1977
Listing Agency:
Kansas Commercial Real Estate Services Inc
Listed By:
Mike Morse, SIOR · License #KS SP00046992
Source:
Crexi
Added: Jun 28, 2023
Changed: Jul 6
Last Checked: Jul 29 at 5:47AM
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 Kansas Commercial Real Estate Services Inc
Investment Insights
Based on property information with market context.
This three-story building features a design that accommodates multiple tenants on the first and second levels. The third level is currently configured for a single tenant. The property is in good condition, presenting an opportunity for an owner-occupant or landlord. Situated on SW 29th Street, it is located one block east of Gage Boulevard, offering convenient access to I-470. The building has a size of 10,846 square feet.
Key Highlights
- Opportunity for owner/occupant/landlord.
- Multi‑tenant design on the first and second levels.
- Third level designed for a single tenant.
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 | $59.9k | $5.52 |
| − Vacancy | −$10.8k | −$0.99 |
| EGI | $49.1k | $4.53 |
| − OpEx | −$12.3k | −$1.13 |
| NOI | $36.8k | $3.39 |
10,846 SF · lease $5.52/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$526.0K
$460.3K – $613.7K
NOI $36,820 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$1.22M
$1.07M – $1.43M
NOI $85,640 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Three-story office building suitable for owner, occupant, or landlord.
Where is this office building located?
The property is located at 3715 SW 29th St Topeka, KS.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Opportunity for owner/occupant/landlord.; Multi‑tenant design on the first and second levels.; **Third level designed for a single tenant.**
