Industrial Flex
For Sale
$1,385,000
5301 SW Topeka BLVD, Topeka, KS 66609
Commercial Sale, Topeka, KS
Property Size11,600 SF
Lot Size12.00 Acres
Price / SF$119.40
Days on Market47
Property Features for 5301 SW Topeka BLVD
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-2 Heavy Industrial
Parking features
Parking Lot
Lot features
Free Standing
Directions
South on Topeka Blvd. to 53rd. Turn Right to Property.
Standard status
Active
APN
R66331
Lot size
12.00 Acres
Taxes and HOA fees
Tax Annual Amount
26776
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Natural Gas, Space Heater, Central
Water source
Public
Building Details
Year built
1989
Floors in Building
1
Flooring type
Tile, Concrete
Roof type
Metal
Listing Agency:
Countrywide Realty, Inc.
(785) 272-8790
Listed By:
Marc Bunting · License #422000016
(785) 640-1176
Added: Sep 2
Changed: Oct 17
Last Checked: Oct 18 at 10:06AM
MLS# 246392
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.
Built in 1989, this 11,600 Sq Ft flex property combines 1,200 Sq Ft of office space with 10,400 Sq Ft of warehouse area. The building includes concrete and tile flooring, a metal roof, central and space-heater systems, and natural gas service. Four overhead doors support varied industrial access needs: two measure 14'x22', with additional doors measuring 12'x12' and 10'x10'. The facility also offers a 17' eave height.
Set on 12+/- acres at 5301 SW Topeka BLVD in Topeka, KS, the property includes 9+ acres of heavy gravel. I-2 Heavy Industrial zoning, electricity availability, public water, public sewer, and three-phase power availability provide a practical foundation for industrial use. A parking lot is also included.
Set on 12+/- acres at 5301 SW Topeka BLVD in Topeka, KS, the property includes 9+ acres of heavy gravel. I-2 Heavy Industrial zoning, electricity availability, public water, public sewer, and three-phase power availability provide a practical foundation for industrial use. A parking lot is also included.
Key Highlights
- 11,600 Sq Ft office/warehouse property on 12+/- acres
- Office and warehouse areas measure 1,200 Sq Ft and 10,400 Sq Ft, respectively
- Four overhead doors: two 14'x22', one 12'x12' and one 10'x10'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,107
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,140
$1.1M
Cap Rate 7%
$772,957
$773.0K
Cap Rate 9%
$601,189
$601.2K
Market Conditions
NOI Build-Up for 11,600 SF
Gross rent
$90.5K $7.80/SF
− Vacancy
−$7.2K −$0.62/SF
EGI
$83.2K $7.18/SF
− OpEx
−$29.1K −$2.51/SF
NOI
$54.1K $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%
$1,082,140
Cap Rate 7%
$772,957
Cap Rate 9%
$601,189
Alternative Uses
Best Use
Flex RnD
$773.0K
$676.3K – $901.8K
NOI $54,107 @ 7.0% cap · market cap 3.91%
Second Best
Office B
$562.6K
$492.3K – $656.3K
NOI $39,380 @ 7.0% cap · market cap 2.84%
Theoretical Best
Self Storage
$1.31M
$1.14M – $1.53M
NOI $91,594 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
151
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - I-2 Heavy Industrial zoning supports office and warehouse operations with three-phase power available.
Where is this flex space located?
The property is located at 5301 SW Topeka BLVD Topeka, KS.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: 11,600 Sq Ft office/warehouse property on 12+/- acres; Office and warehouse areas measure 1,200 Sq Ft and 10,400 Sq Ft, respectively; Four overhead doors: two 14'x22', one 12'x12' and one 10'x10'
