Remodeled Flex Space with Overhead
5100 S Topeka BLVD, Topeka, KS 66609
For Sale
$550,000
Commercial Sale, Topeka, KS
Property Size4,000 SF
Price / SF$137.50
Days on Market99
Property Features for 5100 S Topeka BLVD
General Information
Property type
Property subtype
Zoning
Parking features
Directions
Standard status
APN
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Floors in Building
Roof type
Listing Agency:
KW One Legacy Partners, LLC · Keller Williams Realty
(785) 246-8075
Listed By:
Richard Brown · License KS SP00232448
(785) 608-3234
Added: Aug 4
Changed: Oct 27
Last Checked: Nov 10 at 5:06AM
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.
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Investment Insights
Based on property information with market context.
This flex property in South Topeka provides nearly 4,000 square feet of remodeled commercial space arranged for varied operational needs. The interior includes office areas, a retail floor, and a warehouse or shop component with overhead doors. A fenced rear parking area accommodates trucks and trailers, while a separate parking lot serves the property.
Positioned along S Topeka Boulevard in Topeka, the building offers exposure from a primary commercial corridor. The property is zoned I-1 Light Industrial and was constructed in 1930. Building systems include electric heating, natural gas, and central heating, with a flat roof configuration.
Positioned along S Topeka Boulevard in Topeka, the building offers exposure from a primary commercial corridor. The property is zoned I-1 Light Industrial and was constructed in 1930. Building systems include electric heating, natural gas, and central heating, with a flat roof configuration.
Key Highlights
- Nearly 4000 sq ft of remodeled commercial space
- Office areas, retail floor, and warehouse/shop configuration
- Overhead doors serving the warehouse or shop area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,658
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,160
$373.2K
Cap Rate 7%
$266,543
$266.5K
Cap Rate 9%
$207,311
$207.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$31.2K $7.80/SF
− Vacancy
−$2.5K −$0.62/SF
EGI
$28.7K $7.18/SF
− OpEx
−$10.0K −$2.51/SF
NOI
$18.7K $4.66/SF
Area
Topeka, KS
Vacancy
8.00%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,160
Cap Rate 7%
$266,543
Cap Rate 9%
$207,311
Alternative Uses
Best Use
Flex RnD
$266.5K
$233.2K – $311.0K
NOI $18,658 @ 7.0% cap · market cap 3.39%
Second Best
Office B
$194.0K
$169.7K – $226.3K
NOI $13,579 @ 7.0% cap · market cap 2.47%
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.
How Realmo checks its estimates
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Comfort Homemade Catering — Comfort Homemade, Topeka, KS 66609
Frequently Asked Questions
What type of property is this?
Flex space - I-1 Light Industrial property combining office, retail, warehouse, 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 4000 sq ft of remodeled commercial space; Office areas, retail floor, and warehouse/shop configuration; Overhead doors serving the warehouse or shop area
