Remodeled Flex Space with Overhead
New
For Sale
$550,000
5100 S Topeka BLVD, Topeka, KS 66609
COMMERCIAL - Topeka, KS
Property Size4,000 SF
Price / SF$137.50
Days on Market3
Property Features for 5100 S Topeka BLVD
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-1 Light Industrial
Parking features
Parking Lot
Directions
From 45th and Topeka Blvd go south, address on east side
Standard status
Active
APN
R43227
Taxes and HOA fees
Tax Annual Amount
2750
Utilities
Heating system
Electric (Heating), Central, Natural Gas
Amenities
overhead doors
Building Details
Year built
1930
Floors in Building
2
Roof type
Flat
Listing Agency:
KW One Legacy Partners, LLC · Keller Williams Realty
(785) 246-8075
Listed By:
Richard Brown · License #SP00232448
(785) 608-3234
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 6 at 6:06AM
MLS# 245906
Copyright © 2026 Sunflower Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This remodeled flex property offers nearly 4,000 square feet arranged for varied commercial operations. The interior includes office space, a retail floor, and a warehouse or shop area with overhead doors. A fenced rear parking area provides space for trucks, trailers, and other business vehicles. The property is zoned I-1 Light Industrial and was originally built in 1930. Heating includes natural gas, central, and electric systems, while the building has a flat roof and a parking lot. Visibility from Topeka Boulevard adds exposure for businesses that benefit from a prominent commercial presence.
Key Highlights
- Nearly 4,000 square feet of remodeled commercial space
- Office, retail floor, and warehouse/shop configuration
- Overhead doors serving the warehouse or shop area
Financial Insights For Retail
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 | $36.0k | $9.00 |
| − Vacancy | −$2.9k | −$0.72 |
| EGI | $33.1k | $8.28 |
| − OpEx | −$9.9k | −$2.48 |
| NOI | $23.2k | $5.80 |
4,000 SF · lease $9.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$331.2K
$289.8K – $386.4K
NOI $23,184 @ 7.0% cap · market cap 4.22%
Second Best
Flex RnD
$266.5K
$233.2K – $311.0K
NOI $18,658 @ 7.0% cap · market cap 3.39%
Theoretical Best
Self Storage
$451.2K
$394.8K – $526.4K
NOI $31,584 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66609, KS
7,519
Population
3,832
Households
2
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
12.5 sq mi
ZIP Area
602
Density / Sq Mi
$63,949
Median Household Income
$46,378
Median Earnings
$1,050
Median Rent
$108,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Comfort Homemade Catering — Comfort Homemade, Topeka, KS 66609
Frequently Asked Questions
What type of property is this?
Flex space - Remodeled flex property combines office, retail, and shop areas with fenced rear parking.
Where is this flex space located?
The property is located at 5100 S Topeka BLVD Topeka, KS.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Nearly 4,000 square feet of remodeled commercial space; Office, retail floor, and warehouse/shop configuration; Overhead doors serving the warehouse or shop area
