Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lyndon, KS Commercial Opportunity Title is generated by Realmo AI

    607 S Topeka AVE, Lyndon, KS 66451

    View on Map
    Claim this Listing
    New
    For Sale
    $120,000

    COMMERCIAL - Lyndon, KS

    Added:
    May 12, 2026
    Days on Market:
    7
    Last Refresh:
    May 18 at 10:06 pm

    Property Features for 607 S Topeka AVE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-2 Commercial
    Parking features
    On Street
    Basement
    Crawl Space
    Standard status
    Active
    APN
    7350

    Taxes and HOA fees

    Tax Annual Amount
    2070

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central, Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    1
    Flooring type
    Carpet
    Roof type
    Flat

    We can help!

    Listing Contact
    John Ringgold
    John Ringgold

    Listing agent John Ringgold

    Listing office KW One Legacy Partners, LLC 2655 SW Wanamaker Rd Suite A, Topeka, KS

    Listing date May 12, 2026

    MLS# 244452

    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.

    HighLights

    • High‑visibility frontage on the main thoroughfare
    • Multiple bathrooms
    • Additional storage space and office areas
    • Suitable for retail location
    • Display windows
    • Natural gas available

    Overview

    This commercial space in Lyndon, Kansas, presents an opportunity for retail use. The property features multiple bathrooms, additional storage space, and office areas. Its frontage faces the main thoroughfare, offering visibility. Display windows are present. The zoning is C-2 Commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Green Cloud CBD ... (Bike/Boat/Book/etc) Store Diversified Crop Insurance ... Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lyndon Floral Creations — 720 Topeka Ave, Lyndon, KS 66451

    Location Insight

    • Map
    • Local Demand
    City
    Lyndon
    County
    Osage
    State
    Kansas
    Longitude
    -95.684142
    Latitude
    38.609022

    Nearby Similar for Sale

    • $120,000

      Downtown Lyndon Commercial Building For Sale

      Commercial building in downtown Lyndon, Kansas, currently leased as a bar.
      609 S Topeka, Lyndon, KS 66451
      View Details
    • $150,000

      Versatile Commercial Space, Lyndon, KS

      Well-maintained commercial building with immediate rental income potential.
      623 S Topeka, Lyndon, KS 66451
      View Details
    • $100,000

      Lyndon, KS Commercial Property

      Commercial property in Lyndon, Kansas with retail or office potential.
      617 S Topeka AVE, Lyndon, KS 66451
      View Details
    • $120,000
      722 SF

      Downtown Lyndon Retail Space

      Retail space in downtown Lyndon, KS, generating $900/month rent.
      616 S Topeka AVE, Lyndon, KS 66451
      View Details
    • $299,500

      Lyndon, KS Farmland Opportunity

      50-acre farm near Lyndon, Kansas with building and tillable land.
      E 2nd ST, Lyndon, KS 66451
      View Details
    • $95,000
      1,218 SF

      Downtown Lyndon Commercial Shell Space

      1,218 sq ft commercial space in downtown Lyndon, Kansas.
      611 S Topeka AVE, Lyndon, KS 66451
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail location with storage, office space, and display windows.
    Where is this storefront property located?
    The property is located at 607 S Topeka AVE Lyndon, KS.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: High‑visibility frontage on the main thoroughfare; Multiple bathrooms; Additional storage space and office areas
    (785) 806-2711
    We can help!
    Listing Contact
    John Ringgold
    John Ringgold
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    607 S Topeka AVE, Lyndon, KS 66451
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!