Finished Office Unit with
For Sale
$67,500
Pending
5885 SW 29th ST, Topeka, KS 66614
Commercial Sale, Topeka, KS
Property Size810 SF
Days on Market230
Property Features for 5885 SW 29th ST
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
O & I-1 Office and I
Parking
2
Parking features
Parking Lot
Basement
Partial, Finished
Subdivision
Foxcroft 4
Lot features
Subdivided
Directions
From the 5800 Block of SW 29th, enter into the Foxcroft 4 building complex, located just to the south of 29th street. Single office, on NW corner of the building, lower level.
Standard status
Pending
APN
R60275
Taxes and HOA fees
Tax Annual Amount
2227
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Water source
Public
Building Details
Flooring type
Carpet
Listing Agency:
ReeceNichols Topeka Elite · Reece & Nichols
(785) 246-6955
Listed By:
Andre Mehrens
(785) 221-1601
Added: Feb 27
Changed: Oct 7
Last Checked: Oct 15 at 12:06PM
MLS# 243259
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 finished lower-level office unit provides 810 square feet of workspace with windows for natural light and carpeted flooring. Desks, storage shelving, and file cabinets are included, providing existing furnishings for office use. Central heating powered by natural gas supports the space, and the property includes access to a parking lot.
The office is located within an office park in Topeka, Kansas. Zoning is designated O & I-1 Office and I. Public water and public sewer serve the property, with natural gas available as a utility. The space is described as ready for occupancy and offers a dedicated setting for professional office operations.
The office is located within an office park in Topeka, Kansas. Zoning is designated O & I-1 Office and I. Public water and public sewer serve the property, with natural gas available as a utility. The space is described as ready for occupancy and offers a dedicated setting for professional office operations.
Key Highlights
- 810 square foot finished office unit
- Lower‑level space with windows for natural light
- Desks, storage shelves, and file cabinets included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,750
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$55,000
$55.0K
Cap Rate 7%
$39,286
$39.3K
Cap Rate 9%
$30,556
$30.6K
Market Conditions
NOI Build-Up for 810 SF
Gross rent
$4.5K $5.52/SF
− Vacancy
−$805 −$0.99/SF
EGI
$3.7K $4.53/SF
− OpEx
−$917 −$1.13/SF
NOI
$2.7K $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%
$55,000
Cap Rate 7%
$39,286
Cap Rate 9%
$30,556
Alternative Uses
Best Use
Office B
$39.3K
$34.4K – $45.8K
NOI $2,750 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$91.4K
$80.0K – $106.6K
NOI $6,396 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Lower-level office ownership opportunity with natural light, furnishings, and O & I-1 zoning.
Where is this office units located?
The property is located at 5885 SW 29th ST Topeka, KS.
What is the asking price?
The asking price for this property is $67,500.
What are key features of this property?
This property features: 810 square foot finished office unit; Lower‑level space with windows for natural light; Desks, storage shelves, and file cabinets included
