Standalone Retail
For Sale
Contact for pricing
623 S Kansas Ave, Topeka, KS 66603
Standalone retail building with multiple levels and a basement, previously David’s Jewelers.
Property Size4,500 SF
Lot Size0.08 Acres
Price / SF$76.67
Days on Market100
Property Features for 623 S Kansas Ave
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.08 Acres
Property subtype
RETAIL
Additional Details
Utilities to Site
Yes
Building Details
Stories
2
Listing Agency:
Haith and Company, Inc.
(913) 888-3456
Listed By:
Jake LaFevers · License #2011012354
(816) 642-7287
Source:
Moodyscre
Added: Apr 22
Changed: Jul 24
Last Checked: Jul 24 at 2:53AM
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 Haith and Company, Inc.
Investment Insights
Based on property information with market context.
This standalone retail building was previously operated as David’s Jewelers and is set up with a multi-level layout. The property includes 4,500 SF on one floor, 2,250 SF on a second floor, and 4,000 SF in the basement.
The building sits directly across from Evergy Plaza. A gas meter is in place, though service is disconnected, and the roof is approximately 20 years old.
The parcel is 0.08 acres, with dimensions of roughly 25 feet wide by 140 feet deep.
The building sits directly across from Evergy Plaza. A gas meter is in place, though service is disconnected, and the roof is approximately 20 years old.
The parcel is 0.08 acres, with dimensions of roughly 25 feet wide by 140 feet deep.
Key Highlights
- Stand‑alone retail building previously David’s Jewelers
- Total size includes 4,500 SF 1 floor, 2,250 SF 2 floor, and 4,000 SF basement
- Parcel size is 0.08 acres (25' wide x 140' deep building)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.5k | $9.00 |
| − Vacancy | −$3.2k | −$0.72 |
| EGI | $37.3k | $8.28 |
| − OpEx | −$11.2k | −$2.48 |
| NOI | $26.1k | $5.80 |
4,500 SF · lease $9.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$372.6K
$326.0K – $434.7K
NOI $26,082 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$507.6K
$444.2K – $592.2K
NOI $35,532 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,940
Businesses Nearby
41k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 40%
Hotels & Casinos 7%
Wendy's
Dining
12,612 visits/mo
0.3 miles
BP
Shops & Services
7,494 visits/mo
0.1 miles
El Mezcal
Dining
6,677 visits/mo
0.3 miles
Sunoco
Shops & Services
4,476 visits/mo
0.3 miles
Ramada Inn in Topeka KS
Hotels & Casinos
2,707 visits/mo
0.3 miles
Demographics for 66603, KS
1,569
Population
1,151
Households
1.4
Avg Household Size
38
Median Age
17%
College-Educated
91%
High-School Grad
0.9 sq mi
ZIP Area
1,743
Density / Sq Mi
$38,992
Median Household Income
$25,556
Median Earnings
$593
Median Rent
$91,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Standalone retail building with multiple levels and a basement, previously David’s Jewelers.
Where is this storefront property located?
The property is located at 623 S Kansas Ave Topeka, KS.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Stand‑alone retail building previously David’s Jewelers; Total size includes 4,500 SF 1 floor, 2,250 SF 2 floor, and 4,000 SF basement; Parcel size is 0.08 acres (25' wide x 140' deep building)
