Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3732 Topeka Blvd Blvd Topeka, KS 66609
    Back to Search
    Property profile & analytics

    3732 Topeka Blvd Blvd, Topeka, KS 66609

    View on Map
    • Warehouses
    • 307,534 SF
    For Sale
    $1,937,287
    View Listing →
    Topeka Industrial Warehouse Investment For Sale
    $1,937,287
    307,534 SF

    Topeka Industrial Warehouse Investment

    High-traffic, income-producing warehouse & land.

    3732 Topeka Blvd Blvd, Topeka, KS 66609
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 3732 Topeka Blvd Blvd

    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional commercial property in Topeka, Kansas, presents a unique investment opportunity encompassing a substantial 307,534 square foot warehouse and additional land parcels. Located at 3732 SW Topeka Blvd., 66609, this prime location boasts high visibility and accessibility due to its proximity to a major interstate and two key city thoroughfares, ensuring significant daily traffic exposure. The property currently includes an established motel generating consistent income, providing immediate cash flow. The expansive land area offers considerable development potential for various uses, including retail, hospitality, or mixed-use projects. Further enhancing its appeal, this property is situated within a Tax Increment Financing (TIF) district, qualifying for potential tax incentives. This combination of existing income, development potential, and tax advantages makes this a compelling investment opportunity for those seeking strong returns in a thriving area of Topeka. The asking price is $1,937,287. This property is classified as Industrial and Land, with a Warehouse and Commercial subtype.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.6873
    Latitude
    38.999

    Comparable in this City

    • Value Estimation by Request
      9,600 SF

      5608 Topeka Blvd

      Flex space
      5608 Topeka Blvd, Topeka, KS 66609
      View Details
    • Value Estimation by Request
      58,649 SF

      South Park Ave

      Distribution properties
      0 South Park Ave, Topeka, KS 66609
      View Details
    • Value Estimation by Request
      9,600 SF

      5630 Topeka Blvd

      Distribution properties
      5630 Topeka Blvd, Topeka, KS 66609
      View Details
    • Value Estimation by Request
      2.85 Acres

      145 53rd St

      DISTRIBUTION WAREHOUSE
      145 53rd St, Topeka, KS 66609
      View Details
    • Value Estimation by Request
      18.56 Acres

      5116 Wenger St

      DISTRIBUTION WAREHOUSE
      5116 Wenger St, Topeka, KS 66609-1269
      View Details
    • Value Estimation by Request
      0.40 Acres

      4200 Topeka Blvd

      DISTRIBUTION WAREHOUSE
      4200 Topeka Blvd, Topeka, KS 66609-1238
      View Details

    Similar Nearby for Sale

    • $1,937,287
      307,534 SF

      Topeka Industrial Warehouse Investment

      High-traffic, income-producing warehouse & land.
      3732 Topeka Blvd Blvd, Topeka, KS 66609
      View Details
    • Contact for pricing
      47,450 SF

      Topeka Land and Building For Sale

      113.21 acres with 47,450 SF building, immediate I-470 access.
      3909 SW Burlingame Rd, Topeka, KS 66609
      View Details
    • $1,385,000
      11,600 SF

      Topeka Office/Warehouse on 12 Acres

      Versatile 11,600 SF office/warehouse on 12 acres in Topeka.
      5301 SW Topeka Blvd, Topeka, KS 66609
      View Details
    • Contact for pricing
      10,080 SF

      TruGreen Facility For Sale

      10,080 SF TruGreen facility in Topeka, KS for sale.
      4115 Southwest Southgate Dr, Topeka, KS 66609
      View Details
    • Contact for pricing
      19,700 SF

      Topeka Boulevard Flex/Industrial Building

      19,700 SF building on Topeka Blvd with highway access.
      4547 SW Topeka Blvd, Topeka, KS 66609
      View Details
    • $377,000
      Pending

      Topeka Land Opportunity

      29.1 acres in Washburn school district, great potential.
      SW 49Th St, Topeka, KS 66609
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Topeka Warehouse Space Available

      2400 square foot warehouse space for lease in Topeka.
      5600 SW Topeka Blvd, Topeka, KS 66609
      View Details
    • Contact for pricing
      2,000 SF

      Topeka Warehouse Space Available

      2000 square foot warehouse space for rent in Topeka.
      5602 SW Topeka Blvd, Topeka, KS 66609
      View Details
    • Contact for pricing
      8,125 SF

      Topeka Warehouse with Dock Doors

      Warehouse space featuring dock doors and office space for lease.
      6800 SE Evans St, Topeka, KS 66609
      View Details
    • Contact for pricing
      2,400 SF

      Industrial Space Available For Lease

      2,400 square feet of industrial space for rent.
      5614 SW Topeka Blvd, Topeka, KS 66609
      View Details
    • Contact for pricing
      2,400 SF

      Industrial Space Available for Rent

      2400 square feet of industrial space for rent.
      301 SE 53Rd St, Topeka, KS 66609
      View Details
    • Contact for pricing
      8,946 SF

      Retail Space in Topeka Plaza

      Retail space available for lease in Topeka, Kansas.
      3701-3723 SW Plaza Dr, Topeka, KS 66609
      View Details
    View Listing
    Request Owner's contact information
    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.
    3732 Topeka Blvd Blvd
    Topeka, KS 66609
    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
    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

    Thank You for Inquiry
    3732 Topeka Blvd Blvd, Topeka, KS, 66609
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!