Office Suite with Private
For Sale
Contact for pricing
5841-5897 SW 29th St, Topeka, KS 66614
Office suite includes reception area, five offices, and a private restroom with phone/voicemail system.
Property Size1,280 SF
Price / SF$54.69
Days on Market1374
Property Features for 5841-5897 SW 29th St
General Information
Standard status
Active
Size
1,280 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Office Units
5
Amenities
fireplace
deck
private restroom
phone and voicemail system
Listing Agency:
Steve Ballou Real Estate LLC
Listed By:
Steve Ballou
(785) 224-0603
Source:
Moodyscre
Added: Jan 23, 2023
Changed: Oct 26
Last Checked: Oct 26 at 7:34PM
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 Steve Ballou Real Estate LLC
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Investment Insights
Based on property information with market context.
This office suite is set up with a reception area and five offices, providing room for multiple workspaces. The layout also includes a private restroom, along with a phone and voicemail system for day-to-day communications. The property features two large offices, including one with a fireplace and deck.
Access is described as offering quick connectivity to I-470. The property is located one block east of Wanamaker.
Overall, the configuration supports a dedicated office environment with separate rooms for meetings and individual work.
Access is described as offering quick connectivity to I-470. The property is located one block east of Wanamaker.
Overall, the configuration supports a dedicated office environment with separate rooms for meetings and individual work.
Key Highlights
- Office suite with reception area plus 5 offices
- 2 large offices, including one with a fireplace and deck
- Private restroom in the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,345
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$86,900
$86.9K
Cap Rate 7%
$62,071
$62.1K
Cap Rate 9%
$48,278
$48.3K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$7.1K $5.52/SF
− Vacancy
−$1.3K −$0.99/SF
EGI
$5.8K $4.53/SF
− OpEx
−$1.4K −$1.13/SF
NOI
$4.3K $3.39/SF
Area
Topeka, KS
Vacancy
18.00%
Lease Rate
$5.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$86,900
Cap Rate 7%
$62,071
Cap Rate 9%
$48,278
Alternative Uses
Best Use
Office B
$62.1K
$54.3K – $72.4K
NOI $4,345 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$144.4K
$126.3K – $168.5K
NOI $10,107 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 66614, KS
31,332
Population
15,273
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
97%
High-School Grad
24.1 sq mi
ZIP Area
1,300
Density / Sq Mi
$70,419
Median Household Income
$47,871
Median Earnings
$995
Median Rent
$181,500
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite includes reception area, five offices, and a private restroom with phone/voicemail system.
Where is this office unit located?
The property is located at 5841-5897 SW 29th St Topeka, KS.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: Office suite with reception area plus 5 offices; 2 large offices, including one with a fireplace and deck; Private restroom in the suite
