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    500 10Th Ave Topeka, KS 66612

    Sponsored
    For Lease
    $17 SF/Yr ($7,919 /Mo)

    Restaurant/Retail Opportunity, High Traffic Area

    Lot size:
    5,590 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,590 square foot single-tenant building, situated on a 15,000 square foot lot, presents a unique investment opportunity. Currently operating as a Pizza Hut, this versatile property is ideally suited for a variety of uses, including dining, retail, or clinical spaces. Boasting a prime corner location at the intersection of 10th & Topeka Blvd, it benefits from exceptional visibility and high traffic volume, with 23,500 vehicles passing daily (2022 city traffic count). The building features a large sit-down dining area and a private meeting room. Its strategic location is further enhanced by its proximity to state offices and the Capitol Building. Upcoming renovations to a nearby state office building for public events and the completion of the new KDHE building in 2024 will bring an additional 500 state workers per month, increasing foot traffic and potential clientele. The property includes 22 parking spaces and a billboard generating $1,000 monthly rent (though not mandatory for new tenants). The building is zoned C4 and located in Shawnee County. A new HVAC system will be installed by January 1, 2025. The property features 175 feet of frontage on Topeka Blvd and 75 feet on 10th Avenue. Available January 1, 2025, with a NNN lease at $17.00 per square foot, including an escalator clause. Annual property taxes are $4.23 per square foot. This is a truly remarkable opportunity in a high-growth area.

    Property Features for 500 10Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,590 SF
    Total Rate
    7919.17

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Size
    5,591 SF
    Rate per SF
    $17

    HighLights

    • Restaurant/Retail/Special Purpose building, 5,590 square feet.
    • Single‑tenant occupancy.
    • 15,000 square foot lot.
    • Prime corner location at 10th & Topeka Blvd, Shawnee County.
    • 22 parking spaces.
    • NNN lease at $17.00/SF with escalator clause, available January 1, 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rush Truck Centers ... Mechanic Rush Truck Centers ... Truck Dealer Rush Truck Centers ... Truck Parts Supplier

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.6816584
    Latitude
    39.0476705

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    FAQs

    What type of property is this?
    Restaurant - Restaurant/Retail Opportunity, High Traffic Area
    Where is this restaurant located?
    The property is located at 500 10Th Ave Topeka, KS.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Restaurant/Retail/Special Purpose building, 5,590 square feet.; Single-tenant occupancy.; 15,000 square foot lot.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 10Th Ave Topeka, KS 66612
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