Topeka Warehouse with Office
1936 NW Lower Silver Lake Rd Topeka, KS 66608
1936 NW Lower Silver Lake Rd, Topeka, KS, 66608
Contact for pricing
For Sale
Contact for pricing
70,000+/- SF building with dock, office, and mezzanine.
Property Size69,300 SF
Price / SF$27.42
Days on Market1056
Property Features for 1936 NW Lower Silver Lake Rd
General Information
- Standard status
- Active
- Size
- 69,300 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1974
Listing Agency
Kansas Commercial Real Estate Services Inc
(785) 272-2525
Listed by
Ed Eller · License #KS 00217859
Source
Crexi
Added: Aug 28, 2023 Checked: Jul 17 at 5:18 am
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.
This property features a 70,000+/- square foot building, including approximately 5,000 square feet of interior dock space, 1,600+/- square feet of office space, and a 633+/- square foot mezzanine. The property has potential for rail siding located approximately one-half mile south on Vail Avenue. It also offers the potential for a drive-thru building and includes a truck scale on the premises. The west warehouse incorporates a grated floor drain system. The owner is open to leasing the property to a suitable tenant. The property is located in Topeka, KS.
Key Highlights
- 70,000 SF building with potential for a variety of uses
- Interior dock (5,000 SF) for efficient loading/unloading
- Truck scale on premises for weighing shipments
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.7k | $2.16 |
| − Vacancy | −$10.5k | −$0.15 |
| EGI | $139.2k | $2.01 |
| − OpEx | −$20.9k | −$0.30 |
| NOI | $118.3k | $1.71 |
69,300 SF · lease $2.16/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.36M
$2.94M – $3.92M
NOI $235,260 @ 7.0% cap · market cap 12.38%
Second Best
Warehouse
$1.69M
$1.48M – $1.97M
NOI $118,328 @ 7.0% cap · market cap 6.23%
Theoretical Best
Self Storage
$7.82M
$6.84M – $9.12M
NOI $547,193 @ 7.0% cap · market cap 28.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Johnson Storage & Moving
Moving Company
Security Van Lines
Moving Company
Similar For Sale Nearby
Similar Off Market Nearby
- H P S Storage — 2836 US-24, Topeka, KS 66618
- Storage Rentals of America — 2227 NW Vail Ave, Topeka, KS 66618
- Johnson Storage & Moving — 1936 NW Lower Silver Lake Rd, Topeka, KS 66608
- Security Van Lines — 1936 NW Lower Silver Lake Rd, Topeka, KS 66608
FAQs
What type of property is this?
Warehouse - 70,000+/- SF building with dock, office, and mezzanine.
Where is this warehouse located?
The property is located at 1936 NW Lower Silver Lake Rd Topeka, KS.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 70,000 SF building with potential for a variety of uses; Interior dock (5,000 SF) for efficient loading/unloading; Truck scale on premises for weighing shipments
