Concrete Distribution Center with
For Sale
Contact for pricing
713 SE 8th Ave, Topeka, KS 66607
Industrial facility offering dock access, interstate connectivity, and I1 & I2 industrial zoning.
Property Size33,496 SF
Price / SF$26.72
Days on Market16
Property Features for 713 SE 8th Ave
General Information
Standard status
Active
Size
33,496 SF
Property subtype
Industrial
Zoning
I1 & I2 Industrial
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Dock-High Doors
1
Building Details
Year Built
1950
Construction
concrete
Listing Agency:
Kansas Commercial Real Estate Services Inc
(785) 272-2525
Listed By:
Caden Merrick · License #00251579
Source:
Crexi
Added: Jul 27
Changed: Aug 9
Last Checked: Aug 10 at 4:18PM
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 Kansas Commercial Real Estate Services Inc
Investment Insights
Based on property information with market context.
Built in 1950, this 33,496-square-foot distribution center is a solid concrete industrial building with a 10' x 12' dock door and an exterior platform dock. The property is suited to distribution and storage functions, with a straightforward configuration for industrial operations.
Access to I-70 is available through 10th St or the Branner/Adams interchange. The facility is near downtown and carries I1 & I2 Industrial zoning, supporting its position within an established industrial setting.
Access to I-70 is available through 10th St or the Branner/Adams interchange. The facility is near downtown and carries I1 & I2 Industrial zoning, supporting its position within an established industrial setting.
Key Highlights
- 33,496‑square‑foot distribution center
- Solid concrete construction dating to 1950
- 10' x 12' dock door with exterior platform dock
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,194
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,143,880
$1.1M
Cap Rate 7%
$817,057
$817.1K
Cap Rate 9%
$635,489
$635.5K
Market Conditions
NOI Build-Up for 33,496 SF
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.
Gross rent
$72.4K $2.16/SF
− Vacancy
−$5.1K −$0.15/SF
EGI
$67.3K $2.01/SF
− OpEx
−$10.1K −$0.30/SF
NOI
$57.2K $1.71/SF
Area
Topeka, KS
Vacancy
7.00%
Lease Rate
$2.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,143,880
Cap Rate 7%
$817,057
Cap Rate 9%
$635,489
Alternative Uses
Best Use
Warehouse
$817.1K
$714.9K – $953.2K
NOI $57,194 @ 7.0% cap · market cap 6.39%
Second Best
Industrial
$665.6K
$582.4K – $776.6K
NOI $46,594 @ 7.0% cap · market cap 5.21%
Theoretical Best
Self Storage
$3.78M
$3.31M – $4.41M
NOI $264,484 @ 7.0% cap · market cap 29.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,570
Businesses Nearby
Explore this area
Business Placement
Demographics for 66607, KS
10,414
Population
3,933
Households
2.6
Avg Household Size
34
Median Age
7%
College-Educated
81%
High-School Grad
7.0 sq mi
ZIP Area
1,488
Density / Sq Mi
$28,791
Median Household Income
$27,606
Median Earnings
$804
Median Rent
$45,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Industrial facility offering dock access, interstate connectivity, and I1 & I2 industrial zoning.
Where is this distribution center located?
The property is located at 713 SE 8th Ave Topeka, KS.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 33,496‑square‑foot distribution center; Solid concrete construction dating to 1950; 10' x 12' dock door with exterior platform dock
