Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3120 Kansas Ave Topeka, KS 66611

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    19,634 SF Flex/Warehouse, $955K

    Property size:
    19,634 SF

    Property Features for 3120 Kansas Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    19,634 SF

    Building Details

    Year Built
    1962

    We can help!

    Listing Contact
    Ed Eller
    Ed Eller

    Listing Agency: Kansas Commercial Real Estate Services Inc Listing Agent: Ed Eller

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 19,634-square-foot industrial property, located at 3120 S Kansas Ave, Topeka, KS 66611, presents a compelling investment opportunity. Built in 1962, this flex/warehouse space boasts a desirable I2 zoning designation and sits on a spacious 51,930-square-foot lot. The building features five dock-high doors, providing efficient loading and unloading capabilities, complemented by ceiling heights ranging from 10 to 12 feet. The asking price is $955,000, translating to $48.64 per square foot. Its strategic location on a busy thoroughfare in Topeka's auto dealership district offers excellent retail exposure. The property has a history of food-related businesses, previously housing a refrigerated/freezer food production facility and a food distribution company. Convenient access is provided by entrances on Kansas Avenue and 31st Street, with two additional grade-level doors at the front of the building. This versatile space is ideal for a variety of industrial and potentially retail uses, benefiting from the surrounding retail and automotive businesses on Kansas Avenue and Topeka Boulevard. The property's size, location, and features make it a highly attractive investment prospect.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Dirty Dog Pet ... Kennel & Boarding Facility Tip Top Tails Pet Grooming Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.6812696
    Latitude
    39.0118754

    Nearby Similar for Sale

    • New
      $330,000

      Art-Deco Building Near Washburn University

      Historic building near Washburn University, ready for food-service or retail.
      2614 SW 17Th St, Topeka, KS 66604
      View Details
    • $225,000

      Topeka Office Space For Sale

      Office spaces in high-traffic area of SW Topeka near Wanamaker.
      5853 SW 29Th St, Topeka, KS 66614
      View Details
    • $349,000
      0.38 Acres

      Topeka Duplex Investment Opportunity

      Full duplex with strong rental potential in Topeka, Kansas.
      4643-4645 SW 8Th Ave, Topeka, KS 66606
      View Details
    • $125,000

      Updated Office Space For Sale

      Office space in high-traffic Topeka location, rented until 2028.
      5857 SW 29Th St, Topeka, KS 66614
      View Details
    • $110,000

      Topeka Office Space For Sale

      Office space in high-traffic area near Wanamaker corridor.
      5853 SW 29Th St, Topeka, KS 66614
      View Details
    • $300,000
      0.44 Acres

      Topeka Multifamily Investment Opportunity

      Three side-by-side duplexes in Topeka, fully occupied, generating rental income.
      2104 SE California Ave, Topeka, KS 66605
      View Details
    • $100,000
      65,535 SF

      Topeka Commercial Redevelopment Opportunity

      Large-scale redevelopment opportunity in Topeka Regional Airport & Business Center.
      6810 SE Dwight St, Topeka, KS 66620
      View Details
    • $275,000
      5,164 SF

      Topeka Mixed-Use Commercial Building

      Mixed-use building with retail, storage, tavern, and apartments.
      1834 NW Topeka Blvd, Topeka, KS 66608
      View Details
    • $75,000

      Turn-Key Restaurant Opportunity in Topeka

      Established restaurant business for sale with equipment and lease.
      5701 SW Douglas Rd, Topeka, KS 66610
      View Details
    • $235,000

      High-Visibility Topeka Commercial Opportunity

      Versatile light industrial property in thriving South Topeka business district.
      5916 SW Topeka Blvd, Topeka, KS 66619
      View Details
    • $250,000

      Topeka Storage Facility on 3.5 Acres

      Light industrial storage facility with four buildings on 3.5 acres.
      3201 SE Bates Rd, Topeka, KS 66607
      View Details
    • New
      $125,000
      0.06 Acres

      Remodeled Duplex with Rental Income

      Fully remodeled duplex in Topeka, currently rented for $1,470/month.
      1017 SW 16Th St, Topeka, KS 66604
      View Details

    FAQs

    What type of property is this?
    Distribution property - 19,634 SF Flex/Warehouse, $955K
    Where is this distribution property located?
    The property is located at 3120 Kansas Ave Topeka, KS.
    What is the asking price?
    The asking price for this property is $955,000.
    What are key features of this property?
    This property features: 19,634 SF industrial property at 3120 S Kansas Ave, Topeka, KS 66611.; I2 zoning, 51,930 SF lot.; Five dock-high doors, 10-12' ceiling heights, two grade-level doors.
    (785) 272-2525 Call to check price and availability
    Request Owner's contact information
    3120 Kansas Ave Topeka, KS 66611
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3120 Kansas Ave
    Topeka, KS 66611
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3120 Kansas Ave Topeka, KS 66611
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ed Eller
    Ed Eller
    Real Estate License ID: 00217859
    (785) 272-2525 (785) 228-5302 (785) 608-6159
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!