Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    220 6Th St Topeka, KS 66603
    Back to Search
    Property profile & analytics

    220 6Th St, Topeka, KS 66603

    View on Map
    • Office Spaces
    • 134,430 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AT&T / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 220 6Th St

    Year built
    1969
    Property type
    Office Spaces

    Description

    This exceptional Class A office building, located at 220 SE 6th St in Topeka, Kansas, offers 26,300 square feet of immediately available space. Completely renovated in 2021, the property boasts 134,430 total square feet across five stories within a single building situated on a 1.15-acre lot. The building is conveniently located in the heart of Topeka, offering easy access to amenities and Interstate 70. Units are divisible to a minimum of 1,650 square feet, with a maximum contiguous space of 26,300 square feet, providing flexibility for various business needs. Built in 1969, this property benefits from modern updates and features, including elevators and ample parking (11+ spaces). The property is situated in Shawnee County, Kansas, and has a zip code of 66603. This is an ideal location for businesses seeking a high-quality, well-maintained office space in a vibrant urban setting. The building's modern amenities and convenient location make it a highly desirable option for companies of all sizes. The available space presents a unique opportunity to establish a prominent presence in Topeka's thriving business community.

    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
    -95.6701
    Latitude
    39.0518

    Comparable in this City

    • Value Estimation by Request
      134,430 SF

      220 6Th St

      Office Spaces
      220 6Th St, Topeka, KS 66603
      View Details
    • Value Estimation by Request
      8,567 SF

      715 Kansas Ave

      Individual retail properties
      715 Kansas Ave, Topeka, KS 66603
      View Details
    • Value Estimation by Request
      32,812 SF

      112 6Th Ave

      Office Units
      112 6Th Ave, Topeka, KS 66603
      View Details
    • Value Estimation by Request
      0.20 Acres

      212 8th Aved

      CONDOMINIUM OFFICES
      212 8th Aved, Topeka, KS 66603-3936
      View Details
    • Value Estimation by Request
      0.20 Acres

      212 8th Avea

      CONDOMINIUM OFFICES
      212 8th Avea, Topeka, KS 66603-3936
      View Details
    • Value Estimation by Request
      0.20 Acres

      212 8th Aveb

      CONDOMINIUM OFFICES
      212 8th Aveb, Topeka, KS 66603-3936
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,940 SF

      Topeka Office Building For Sale

      Office building with 8,940 square feet of space.
      335 SW Jackson St, Topeka, KS 66603
      View Details
    • Contact for pricing

      Downtown Topeka Mixed-Use Potential

      Versatile 7500+ sq ft building in downtown Topeka.
      722 SW Kansas Ave, Topeka, KS 66603
      View Details
    • $215,000

      Downtown Topeka Redevelopment Opportunity

      30,000 SF site near Kansas State Capitol.
      204 SW 5Th St, Topeka, KS 66603
      View Details
    • Contact for pricing
      8,940 SF

      Historical Landmark in Downtown Topeka

      Historical spiritual landmark with multifamily potential in downtown Topeka, Kansas.
      335 SW Jackson St, Topeka, KS 66603
      View Details
    • Contact for pricing

      Limestone Fabrication Shop For Sale

      Manufacturing and industrial property available at 132 NW Van Buren.
      132 NW Van Buren St, Topeka, KS 66603
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Topeka Retail/Office Space

      First-floor space with high visibility in downtown Topeka.
      435 S Kansas Ave, Topeka, KS 66603
      View Details
    • Contact for pricing
      3,971 SF

      Topeka Office Space Available

      Office space available for lease in Topeka, Kansas.
      200 SE 6Th Ave, Topeka, KS 66603
      View Details
    • Contact for pricing

      Historic Five-Story Office Building

      Five-story office building with a restaurant and historic designation.
      112 SW 6Th Ave, Topeka, KS 66603
      View Details
    • Contact for pricing
      510 SF

      Topeka Office Space For Rent

      Office space available for lease in Topeka, Kansas.
      112-114 SW 6Th Ave, Topeka, KS 66603
      View Details
    • Contact for pricing

      Renovated Office Building in Topeka

      Fully renovated office building in the heart of Topeka.
      220 SE 6Th St, Topeka, KS 66603
      View Details
    • Contact for pricing

      First-Floor Retail Space Available

      Retail space with rooftop deck and transforming windows for rent.
      720 S Kansas Ave, Topeka, KS 66603
      View Details
    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.
    220 6Th St
    Topeka, KS 66603
    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
    220 6Th St, Topeka, KS, 66603
    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!