Buildout-Ready Flex
611 S Topeka AVE, Lyndon, KS 66451
For Sale
$74,000
Commercial Sale, Lyndon, KS
Property Size1,218 SF
Price / SF$60.76
Days on Market194
Property Features for 611 S Topeka AVE
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Directions
Standard status
APN
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Sewer type
Water source
Building Details
Floors in Building
Flooring type
Roof type
Listing Agency:
KW One Legacy Partners, LLC · Keller Williams Realty
(785) 246-8075
Listed By:
John Ringgold · License KS SP00051961
(785) 806-2711
Added: May 1
Changed: Oct 8
Last Checked: Nov 10 at 6:06AM
MLS# 244299
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.
This 1,218-square-foot flex space is a framed commercial shell ready for interior buildout. The 21-foot-wide by 58-foot-long layout includes 14-foot ceilings, a concrete floor, and a flat roof. Rooftop furnace and AC equipment are in place, along with brand new ductwork, reducing the need for major mechanical installation.
The property is located at 611 S Topeka Ave in downtown Lyndon and is zoned D-1 Downtown Mixed Use. Public water and public sewer serve the property, natural gas is available, and parking is provided on street. The space offers a straightforward foundation for a commercial interior configured to the eventual occupant’s requirements.
The property is located at 611 S Topeka Ave in downtown Lyndon and is zoned D-1 Downtown Mixed Use. Public water and public sewer serve the property, natural gas is available, and parking is provided on street. The space offers a straightforward foundation for a commercial interior configured to the eventual occupant’s requirements.
Key Highlights
- 1,218 sq ft framed commercial shell
- 21' wide by 58' long interior dimensions
- 14' ceilings with concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,681
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$113,620
$113.6K
Cap Rate 7%
$81,157
$81.2K
Cap Rate 9%
$63,122
$63.1K
Market Conditions
NOI Build-Up for 1,218 SF
Gross rent
$9.5K $7.80/SF
− Vacancy
−$760 −$0.62/SF
EGI
$8.7K $7.18/SF
− OpEx
−$3.1K −$2.51/SF
NOI
$5.7K $4.66/SF
Area
Osage County, 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%
$113,620
Cap Rate 7%
$81,157
Cap Rate 9%
$63,122
Alternative Uses
Best Use
Retail
$100.9K
$88.3K – $117.7K
NOI $7,060 @ 7.0% cap · market cap 9.54%
Second Best
Flex RnD
$81.2K
$71.0K – $94.7K
NOI $5,681 @ 7.0% cap · market cap 7.68%
Theoretical Best
Self Storage
$137.4K
$120.2K – $160.3K
NOI $9,617 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
14 ft
Clear height
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66451, KS
1,709
Population
746
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
96%
High-School Grad
78.2 sq mi
ZIP Area
22
Density / Sq Mi
$77,708
Median Household Income
$38,879
Median Earnings
$686
Median Rent
$155,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Framed commercial shell with rooftop HVAC, concrete flooring, and public water and sewer service.
Where is this flex space located?
The property is located at 611 S Topeka AVE Lyndon, KS.
What is the asking price?
The asking price for this property is $74,000.
What are key features of this property?
This property features: 1,218 sq ft framed commercial shell; 21' wide by 58' long interior dimensions; 14' ceilings with concrete flooring
