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    2050 Topeka Blvd Topeka, KS 66608

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    For Lease
    Contact for pricing

    High-traffic retail center, Topeka, KS

    Lot size:
    127,357 SF

    Property Features for 2050 Topeka Blvd

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    127,357 SF
    Total Rate
    84904.67

    Building Details

    Year Built
    1972

    Spaces For Lease

    at 2050 Topeka Blvd, Topeka, KS 66608 Contact us
    Unit Available Space 1

    $8 /Mo

    Size
    2,100 SF
    Contact us
    Unit Available Space 2

    $9 /Mo

    Size
    5,943 SF
    Contact us
    Unit Available Space 3

    $10 /Mo

    Size
    28,485 SF
    Contact us

    We can help!

    Listing Contact
    Mark A Rezac
    Mark A Rezac

    Listing Agency: Kansas Commercial Real Estate Services, Inc. Listing Agent: Mark A Rezac

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Topeka Commons, located at 2050 NW Topeka Blvd, Topeka, KS 66608, presents a compelling investment opportunity. This 127,357 square foot retail power center sits on a 12.6-acre lot, strategically positioned at the intersection of Topeka Blvd and Lyman Rd in Shawnee County. Built in 1972, the property boasts 9 suites with a current vacancy of 2,100 square feet, offering immediate potential for new tenants. The center provides ample parking with 600 spaces and benefits from excellent visibility due to its location on a busy thoroughfare. Current tenants include a diverse mix of local, regional, and national businesses such as Westlake Hardware Store, Dollar General, Dollar Tree, Capitol Federal Bank, Mr. Goodcents, and Weller's Bar & Grill. The property's C4 zoning allows for a variety of retail, restaurant, and office uses. The high-traffic area surrounding Topeka Commons is home to other successful national retailers including McDonald's, Dairy Queen, Walgreens, and Wendy's, further demonstrating the strong retail potential of this location. This property offers a unique opportunity to acquire a well-established retail center in a thriving commercial area. The property features no elevators.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Westlake Ace Hardware Building Supply

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.663044574504
    Latitude
    39.086198002108

    Nearby Similar for Lease

    • Contact for pricing

      In-Store Suites in Kansas Dillons

      In-store office/retail suites available in various Kansas Dillons locations.
      5311 SW 22Nd Pl, Topeka, KS 66614
      View Details
    • $8 SF/Yr
      1,916 SF

      Retail Space in Topeka, Kansas

      Retail space available for lease in Topeka, Kansas.
      4002 SW Huntoon St, Topeka, KS 66604
      View Details
    • Contact for pricing

      Kansas Retail Suites For Rent

      In-store retail and office suites available in Kansas Dillons stores.
      5311 SW 22Nd Pl, Topeka, KS 66614
      View Details
    • $17 SF/Yr

      Retail Space on Wanamaker Road

      Prime retail space in Topeka's busiest corridor, excellent condition.
      1530 SW Wanamaker Rd, Topeka, KS 66604
      View Details
    • $6 SF/Yr
      5,000 SF

      Industrial Space Available For Lease

      Industrial property offering 4800 square feet for lease.
      4145 NW 25Th St, Topeka, KS 66618
      View Details
    • Contact for pricing
      1,400 SF

      Office Space Available For Rent

      1370 square feet office space for rent in Topeka.
      2900 SW Wanamaker Dr, Topeka, KS 66614
      View Details
    • Contact for pricing
      1,389 SF

      Retail Space on Wanamaker Road

      Retail space with high visibility and monument signage available.
      2121 SW Wanamaker Rd, Topeka, KS 66614
      View Details
    • Contact for pricing
      1,200 SF

      Topeka Flex Space For Lease

      1,200 sq ft flex space with garage door.
      710 SE 70Th St, Topeka, KS 66617
      View Details
    • $6 SF/Yr
      7,640 SF

      Topeka Retail Space Available

      Retail space available for lease in Topeka, Kansas.
      405 SE 10Th Ave, Topeka, KS 66607
      View Details
    • Contact for pricing
      625 SF

      Retail Space For Rent

      Retail space available with high traffic count and great visibility.
      708-718 SW Gage Blvd, Topeka, KS 66606
      View Details
    • Contact for pricing
      2,457 SF

      Topeka Office Space Available

      Office space for lease in Topeka, Kansas, 250 square feet.
      3641 SW Plass Ave, Topeka, KS 66611
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic retail center, Topeka, KS
    Where is this retail property located?
    The property is located at 2050 Topeka Blvd Topeka, KS.
    What is the lease rate?
    The lease rate is $8-$10 SF/Yr.
    (785) 272-2525 Call to check price and availability
    Request Owner's contact information
    2050 Topeka Blvd Topeka, KS 66608
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2050 Topeka Blvd Topeka, KS 66608
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    Contact for Pricing
    Please call us for current price
    and status of this listing Mark A Rezac
    Mark A Rezac
    Real Estate License ID: 00045158
    (785) 272-2525 (785) 271-8204 (785) 228-5308
    Learn more
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