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    South Park Ave Topeka, KS 66609

    For Lease
    $5 SF/Yr

    58,649 SF Warehouse, Flex & Distribution

    Lot size:
    58,649 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional Topeka, Kansas industrial property offers 58,649 square feet of versatile warehouse, flex, and distribution space, ideally suited for a variety of businesses. The single-building property sits on a generous 3.41-acre lot, providing ample space for operations and parking. Built in 1973 and renovated in 1991, the structure features durable tilt-up concrete side walls and a fire sprinkler system, ensuring both safety and longevity. The property boasts two loading docks and one drive-in door, facilitating efficient loading and unloading. Heavy power is readily available, and a fenced concrete parking area, along with a fenced yard and gate, provides secure storage and access for large trucks. The property is zoned I-1 (Industrial), allowing for a wide range of industrial uses. Currently, there are two suites within the building, with 11,520 square feet currently vacant, presenting a significant opportunity for expansion or lease. This prime location in Topeka, Kansas (zip code 66609) offers easy access to major transportation routes, making it an attractive option for businesses seeking efficient logistics and distribution capabilities. The property's combination of size, features, and location makes it an excellent investment opportunity. The recent price adjustment makes this property even more compelling.

    Property Features for 0 South Park Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    58,649 SF
    Total Rate
    29275.63

    Building Details

    Year Built/Renovated
    1973/1991
    Buildings
    1

    Unit(s) available at that property

    Space
    Suite C
    Size
    23,300 SF
    Rate per SF
    $5

    HighLights

    • 58,649 SF industrial building on a 3.41‑acre lot in Topeka, KS (66609).
    • 20' clear ceiling height under truss with 36' x 32' column spacing.
    • Built‑up tar and gravel roof on metal deck; 5"-6" reinforced poured concrete floor.
    • Westar electric service (480/277V, 3‑phase; 120/240V, 3‑phase); Kansas Gas Service.
    • Two 8'x10' dock‑high doors and one 10'x10' drive‑in door; New T‑5 fluorescent lighting (2013).
    • Overhead gas unit heating; restrooms; wet sprinkler system; City of Topeka water & sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.683237
    Latitude
    38.9985041

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    FAQs

    What type of property is this?
    Distribution property - 58,649 SF Warehouse, Flex & Distribution
    Where is this distribution property located?
    The property is located at South Park Ave Topeka, KS.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 58,649 SF industrial building on a 3.41-acre lot in Topeka, KS (66609).; 20' clear ceiling height under truss with 36' x 32' column spacing.; Built-up tar and gravel roof on metal deck; 5"-6" reinforced poured concrete floor.
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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
    South Park Ave Topeka, KS 66609
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