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Property profile & analytics
OFF-MARKET
Retail space
700 6th Ave Topeka, KS 66603-3129
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US33-0987855
Property summary
AI-generated overview
Prime Topeka investment opportunity! This 13,000 sq ft lot at 700 SW 6th Avenue includes a 1-story, 1953-built building featuring multiple offices and ample parking. Ideal for an auto dealership or similar business, this high-traffic location boasts easy highway access near the state capital. The property also includes an adjacent shop building with three overhead doors and additional parking, significantly expanding operational space. This package deal presents a rare chance to acquire a thriving business location. The main building offers versatile space suitable for various automotive-related uses, while the adjacent shop provides ample room for repairs or storage. The asking price is $150,000, with a monthly rental option available at $1,500. This property is being sold as a package with MLS#2469646. Don't miss this chance to own a piece of Topeka's thriving commercial landscape. The property is located in Shawnee County, Kansas, zip code 66603.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1953
Construction
CONCRETE BLOCKS
Total area
765 SF
Lot
0.3 ac (13,000 SF)
Zoning code
C4
APN
109-31-0-20-18-014.00
UPID
US33-0987855
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Empire Financial Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Orion LLC · 10 yrs held
Orion LLC
since 2016
2 recorded transactions
Zoning & alternative use
C4 · Topeka, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Topeka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Topeka submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,612
Tax year 2023
Assessed value
$24,135
Assessed 2023
Previous assessed
$24,135
+0.0% YoY
Effective rate
14.97%
On assessed value
Total market value
$96,540
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1953
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Total area
765 SF
Lot
0.3 ac (13,000 SF)
Zoning code
C4
APN
109-31-0-20-18-014.00
UPID
US33-0987855
Jurisdiction
SHAWNEE
Zoning & alternative use
C4 · Topeka, KS
Zoning C4 · permitted uses
C4 · Topeka, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Topeka. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Lot
0.3 ac
Current owner
From public records · entity-resolved
Orion LLC
Entity
Mailing address
4601 E DOUGLAS AVE STE #150, WICHITA, KS 67218-1032
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2022
—
West Kansas City Real Estate LLC
—
Deed
related
$705,500 · Simmons Bank
Mar 3, 2016
—
Orion LLC
Jackson Automotive Kansas City LLC
Warranty Deed
$200,000 · Bankliberty
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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