Ranch-Style Residential Income
New
For Sale
$314,000
5325 NW Lana CT, Topeka, KS 66618
Residential, Topeka, KS
Property Size2,481 SF
Lot Size0.22 Acres
Price / SF$126.56
Days on Market1
Property Features for 5325 NW Lana CT
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Basement, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Laundry Room, Bedroom 2, Family Room
Patio and Porch features
Deck, Patio
Interior features
Carpet, Sheetrock, 8' Ceiling
Exterior features
Covered Patio, Deck- Covered
Basement
Concrete, Partially Finished, Walk-Out Access, Full, Sump Pump
Appliances
Electric Range, Microwave, Dishwasher, Refrigerator, Disposal, Auto Garage Opener(s), Garage Opener Control(s)
Subdivision
Urban Hills
Lot features
Sprinklers In Front
Elementary school
West Indianola Elementary School/USD 345
Middle school
Seaman Middle School/USD 345
High school
Seaman High School/USD 345
Directions
From Topeka, take hwy. 75 North to NW 46th St. exit, west on 46th to NW Brickyard Rd., north on NW 53rd Terr., west on NW Lana Ct.
Standard status
Active
APN
R328567
Size
2,481 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
3990
HOA Fee
$120 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
walking trail
feature pond
Building Details
Year built
2014
Flooring type
Tile - Ceramic
Building materials
Frame, Stucco
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Coldwell Banker American Home · Coldwell Banker Real Estate
(785) 267-2700
Listed By:
Darlene Eslick
(785) 414-0123
Added: Sep 14
Last Checked: Sep 14 at 3:06PM
MLS# 246564
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 2014 ranch-style half-duplex offers 2,481 square feet with four bedrooms and three bathrooms. The layout includes a family room, basement, laundry room, and three bathrooms, along with ceramic tile, carpet, sheetrock, and 8' ceilings. A natural-gas heating system, central air, public water, and public sewer support everyday use. The kitchen includes an electric range, microwave, dishwasher, refrigerator, and disposal. Exterior features include a covered patio and covered deck, while the composition roof is identified as being in the process of replacement.
The 0.22-acre property is supported by an HOA that covers mowing and snow removal, with access to a walking trail and maintenance of a feature pond. The home also includes an automatic garage opener system and a seller-provided list of improvements.
The 0.22-acre property is supported by an HOA that covers mowing and snow removal, with access to a walking trail and maintenance of a feature pond. The home also includes an automatic garage opener system and a seller-provided list of improvements.
Key Highlights
- Four‑bedroom, three‑bathroom half‑duplex
- 2,481 square feet on a 0.22‑acre lot
- Built in 2014 with ranch architectural style
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,423
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$348,460
$348.5K
Cap Rate 7%
$248,900
$248.9K
Cap Rate 9%
$193,589
$193.6K
Market Conditions
NOI Build-Up for 2,481 SF
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.
Gross rent
$33.3K $13.44/SF
− Vacancy
−$1.7K −$0.67/SF
EGI
$31.7K $12.77/SF
− OpEx
−$14.3K −$5.75/SF
NOI
$17.4K $7.02/SF
Area
Topeka, KS
Vacancy
5.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$348,460
Cap Rate 7%
$248,900
Cap Rate 9%
$193,589
Alternative Uses
Best Use
Apartment 5plus
$248.9K
$217.8K – $290.4K
NOI $17,423 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$279.9K
$244.9K – $326.5K
NOI $19,590 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 66618, KS
9,940
Population
3,974
Households
2.5
Avg Household Size
43
Median Age
38%
College-Educated
98%
High-School Grad
72.8 sq mi
ZIP Area
137
Density / Sq Mi
$106,687
Median Household Income
$51,701
Median Earnings
$966
Median Rent
$241,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Half-duplex residence with HOA-supported exterior maintenance, a finished basement area, and covered outdoor living spaces.
Where is this single family property located?
The property is located at 5325 NW Lana CT Topeka, KS.
What is the asking price?
The asking price for this property is $314,000.
What are key features of this property?
This property features: Four‑bedroom, three‑bathroom half‑duplex; 2,481 square feet on a 0.22‑acre lot; Built in 2014 with ranch architectural style
