Showroom Property with 4
For Sale
Contact for pricing
930 SW 6th Ave, Topeka, KS 66606
Two parcels include separate buildings and C-4 Commercial zoning.
Property Size5,577 SF
Price / SF$104.90
Days on Market168
Property Features for 930 SW 6th Ave
General Information
Standard status
Active
Size
5,577 SF
Total Parking Spaces
40
Property subtype
Industrial, Office, Retail
Zoning
C-4 Commercial
Listing Agency:
KW One Legacy Partners, LLC
(785) 608-3234
Listed By:
Richard Brown · License #422001964
Source:
Crexi
Added: Mar 17
Changed: Aug 30
Last Checked: Aug 30 at 10:10PM
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 KW One Legacy Partners, LLC
Investment Insights
Based on property information with market context.
This showroom property comprises two parcels with two buildings. The current configuration functions as an auto sales lot and includes four bays, along with an additional building positioned off a vacated alley. C-4 Commercial zoning supports the property’s established commercial setting.
The property is located at 930 SW 6th Ave in Topeka, Kansas. More than 300 ft. of frontage is identified for the site. The combination of multiple parcels, two buildings, and service-bay capacity creates a straightforward commercial layout for continued automotive use or another use supported by the applicable zoning.
The property is located at 930 SW 6th Ave in Topeka, Kansas. More than 300 ft. of frontage is identified for the site. The combination of multiple parcels, two buildings, and service-bay capacity creates a straightforward commercial layout for continued automotive use or another use supported by the applicable zoning.
Key Highlights
- Two parcels with two buildings
- Over 300 ft. of frontage
- Four bays included
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
$32,324
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
5.53%
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%
$646,480
$646.5K
Cap Rate 7%
$461,771
$461.8K
Cap Rate 9%
$359,156
$359.2K
Market Conditions
NOI Build-Up for 5,577 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
$50.2K $9.00/SF
− Vacancy
−$4.0K −$0.72/SF
EGI
$46.2K $8.28/SF
− OpEx
−$13.9K −$2.48/SF
NOI
$32.3K $5.80/SF
Area
Topeka, KS
Vacancy
8.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$646,480
Cap Rate 7%
$461,771
Cap Rate 9%
$359,156
Alternative Uses
Best Use
Retail
$461.8K
$404.1K – $538.7K
NOI $32,324 @ 7.0% cap · market cap 5.53%
Second Best
Industrial
$110.8K
$97.0K – $129.3K
NOI $7,758 @ 7.0% cap · market cap 1.33%
Theoretical Best
Self Storage
$629.1K
$550.5K – $733.9K
NOI $44,036 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,594
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 31%
Electronics 6%
Home Improvements & Furnishings 6%
El Mezcal
Dining
6,677 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,111 visits/mo
0.4 miles
Sunoco
Shops & Services
4,476 visits/mo
0.5 miles
Enterprise Rent-A-Car
Shops & Services
2,399 visits/mo
0.5 miles
Cricket Wireless Authorized Retailer
Electronics
1,408 visits/mo
0.1 miles
Demographics for 66606, KS
11,056
Population
5,433
Households
2
Avg Household Size
40
Median Age
36%
College-Educated
90%
High-School Grad
5.8 sq mi
ZIP Area
1,906
Density / Sq Mi
$60,862
Median Household Income
$44,184
Median Earnings
$1,052
Median Rent
$115,100
Median Home Value
Market
Vacancy Rate% for Retail 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?
Showroom - Two parcels include separate buildings and C-4 Commercial zoning.
Where is this showroom located?
The property is located at 930 SW 6th Ave Topeka, KS.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two parcels with two buildings; Over 300 ft. of frontage; Four bays included
