Topeka Land and Building For
For Sale
Contact for pricing
3909 SW Burlingame Rd, Topeka, KS 66609
113.21 acres with 47,450 SF building, immediate I-470 access.
Property Size47,450 SF
Lot Size113.21 Acres
Price / SF$67.44
Days on Market699
Property Features for 3909 SW Burlingame Rd
General Information
Standard status
Active
Size
47,450 SF
Lot size
113.21 Acres
Property subtype
Industrial, Land, Mixed Use
Zoning
PUD
Building Details
Year Built
2001
Buildings
1
Listing Agency:
Foundations Commercial Real Estate
Listed By:
Kirsten Flory · License #SP00220332
(785) 766-6568
Source:
Crexi
Added: Oct 6, 2024
Changed: Aug 26
Last Checked: Aug 31 at 1:50AM
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 Foundations Commercial Real Estate
Investment Insights
Based on property information with market context.
Available for sale is a property encompassing 113.21 acres, which includes a 47,450 square foot building. The location is on the south side of Topeka, Kansas, offering immediate access to I-470. The parcels are adjacent to the multi-tenant investment property at 3907 SW Burlingame Road.
Key Highlights
- 113.21 acres of land
- 47,450 SF building included**
- Immediate access to I‑470**
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
$291,462
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
9.11%
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%
$5,829,240
$5.8M
Cap Rate 7%
$4,163,743
$4.2M
Cap Rate 9%
$3,238,467
$3.2M
Market Conditions
NOI Build-Up for 47,450 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
$512.5K $10.80/SF
− Vacancy
−$46.1K −$0.97/SF
EGI
$466.3K $9.83/SF
− OpEx
−$174.9K −$3.69/SF
NOI
$291.5K $6.14/SF
Area
Topeka, KS
Vacancy
9.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
37.50%
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%
$5,829,240
Cap Rate 7%
$4,163,743
Cap Rate 9%
$3,238,467
Alternative Uses
Best Use
Mixed Use
$4.16M
$3.64M – $4.86M
NOI $291,462 @ 7.0% cap · market cap 9.11%
Second Best
Warehouse
$1.16M
$1.01M – $1.35M
NOI $81,020 @ 7.0% cap · market cap 2.53%
Theoretical Best
Self Storage
$5.35M
$4.68M – $6.24M
NOI $374,665 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 66609, KS
7,519
Population
3,832
Households
2
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
12.5 sq mi
ZIP Area
602
Density / Sq Mi
$63,949
Median Household Income
$46,378
Median Earnings
$1,050
Median Rent
$108,200
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Mixed-use property - 113.21 acres with 47,450 SF building, immediate I-470 access.
Where is this mixed-use property located?
The property is located at 3909 SW Burlingame Rd Topeka, KS.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 113.21 acres of land; 47,450 SF building included**; Immediate access to I‑470**
