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    1835 Topeka Blvd Topeka, KS 66608

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    For Lease
    Contact for pricing

    Topeka, KS Strip Mall - High Traffic

    Lot size:
    19,200 SF

    Property Features for 1835 Topeka Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,200 SF
    Class
    B
    Total Rate
    16000

    Building Details

    Year Built
    1987

    Spaces For Lease

    at 1835 Topeka Blvd, Topeka, KS 66608 Contact us
    Unit Suite 211

    $10 /Mo

    Size
    3,600 SF
    Contact us
    Unit Suite 209

    $10 /Mo

    Size
    3,600 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

    This exceptional retail opportunity presents 19,200 square feet of prime commercial space within the North Valley Shopping Center, located at 1835 NW Topeka Boulevard in Topeka, Kansas. The property, a Class B strip center built in 1987, sits on a substantial 98,132 square foot lot and is zoned C-4 Commercial. Multiple tenancies are available, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 2,400 square feet. Currently, up to three spaces are available, ranging from approximately 1,200 to 3,600 square feet
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ideus Family Dental ... Dental Office Spectacle Eyewear Center Eye Care Center The EyeDoctors Optometrists Eye Care Center Hong Kong Chinese ... Restaurant PJ's Thrift and Gift Discount Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply 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
    -95.6720907
    Latitude
    39.0842713

    Nearby Similar for Lease

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      In-Store Suites in Kansas Dillons

      In-store office/retail suites available in various Kansas Dillons locations.
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    • $17 SF/Yr

      Retail Space on Wanamaker Road

      Prime retail space in Topeka's busiest corridor, excellent condition.
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      1,916 SF

      Retail Space in Topeka, Kansas

      Retail space available for lease in Topeka, Kansas.
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      1,400 SF

      Office Space Available For Rent

      1370 square feet office space for rent in Topeka.
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      Retail Space on Wanamaker Road

      Retail space with high visibility and monument signage available.
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      1,200 SF

      Topeka Flex Space For Lease

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      5,000 SF

      Industrial Space Available For Lease

      Industrial property offering 4800 square feet for lease.
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      625 SF

      Retail Space For Rent

      Retail space available with high traffic count and great visibility.
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      2,457 SF

      Topeka Office Space Available

      Office space for lease in Topeka, Kansas, 250 square feet.
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      Topeka Office Space For Rent

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    FAQs

    What type of property is this?
    Neighborhood center - Topeka, KS Strip Mall - High Traffic
    Where is this neighborhood center located?
    The property is located at 1835 Topeka Blvd Topeka, KS.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 19,200 SF of retail space available in Topeka, KS's North Valley Shopping Center.; Located at 1835 NW Topeka Boulevard.; Class B strip center on a 98,132 SF lot, built in 1987, C-4 zoning.
    (785) 272-2525 Call to check price and availability
    Request Owner's contact information
    1835 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
    1835 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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