Ground-Floor Office
For Sale
Contact for pricing
825 S Kansas Ave, Topeka, KS 66612
C5-zoned office space in Topeka’s central business district offers walking access to civic, hospitality, and dining destinations.
Property Size13,000 SF
Price / SF$134.62
Days on Market159
Property Features for 825 S Kansas Ave
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Office, Retail
Zoning
C5
Additional Details
Floor
Ground Floor
Highway Access
Yes
Building Details
Year Built
2002
Listing Agency:
Kansas Commercial Real Estate Services Inc
(785) 272-2525
Listed By:
Mark Rezac · License #KS 00045158
Source:
Crexi
Added: Mar 26
Changed: Aug 31
Last Checked: Aug 31 at 1:29AM
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.
These ground-floor office units comprise a listed property size of 13,000 and were built in 2002. The space is positioned along Kansas Avenue within Topeka’s central business district, with visibility and daytime pedestrian activity identified as notable characteristics.
The property sits within walking distance of the Kansas State Capitol, restaurants, hotels, and government offices. Access to I-70 supports connectivity for local visitors and regional commuters.
The property sits within walking distance of the Kansas State Capitol, restaurants, hotels, and government offices. Access to I-70 supports connectivity for local visitors and regional commuters.
Key Highlights
- Ground‑floor office units with a listed property size of 13,000
- C5 zoning
- Built in 2002
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
$75,348
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
4.31%
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%
$1,506,960
$1.5M
Cap Rate 7%
$1,076,400
$1.1M
Cap Rate 9%
$837,200
$837.2K
Market Conditions
NOI Build-Up for 13,000 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
$117.0K $9.00/SF
− Vacancy
−$9.4K −$0.72/SF
EGI
$107.6K $8.28/SF
− OpEx
−$32.3K −$2.48/SF
NOI
$75.3K $5.80/SF
Area
Topeka, KS
Vacancy
8.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,506,960
Cap Rate 7%
$1,076,400
Cap Rate 9%
$837,200
Alternative Uses
Best Use
Retail
$1.08M
$941.9K – $1.26M
NOI $75,348 @ 7.0% cap · market cap 4.31%
Second Best
Office B
$630.5K
$551.7K – $735.5K
NOI $44,132 @ 7.0% cap · market cap 2.52%
Theoretical Best
Self Storage
$1.47M
$1.28M – $1.71M
NOI $102,648 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,996
Businesses Nearby
Explore this area
Business Placement
Demographics for 66612, KS
2,097
Population
1,541
Households
1.4
Avg Household Size
43
Median Age
16%
College-Educated
86%
High-School Grad
1.1 sq mi
ZIP Area
1,906
Density / Sq Mi
$26,338
Median Household Income
$30,949
Median Earnings
$706
Median Rent
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - C5-zoned office space in Topeka’s central business district offers walking access to civic, hospitality, and dining destinations.
Where is this office units located?
The property is located at 825 S Kansas Ave Topeka, KS.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Ground‑floor office units with a listed property size of 13,000; C5 zoning; Built in 2002
