Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6th St And Wanamaker Rd Topeka, KS 66615
    Back to Search
    Property profile & analytics

    6th St And Wanamaker Rd, Topeka, KS 66615

    View on Map
    • Retail properties & Spaces
    • 26.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 6th St And Wanamaker Rd

    Lot size
    26.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Corporate Meadows Office Park presents a unique 26-acre commercial development opportunity in Topeka, Kansas. Strategically located at the intersection of 6th Street and Wanamaker Road, this prime site offers exceptional visibility and accessibility. Zoned O&I - 3 Office and Institutional, the property allows for a diverse range of commercial developments. Its advantageous position north of Interstate 70 and west of Wanamaker Road ensures high traffic volume and convenient access for businesses and customers. The proximity to the River Hill Shopping Center further enhances its appeal, providing synergistic opportunities for retail and office development. The site boasts significant frontage along major roadways, offering excellent exposure for businesses. All necessary roadways and utilities are already in place, simplifying the development process and reducing upfront costs. This ready-to-develop land parcel represents a significant investment opportunity in a thriving Kansas market. The 66615 zip code offers a strong demographic profile, making this an ideal location for a variety of commercial ventures. This exceptional property is poised for immediate development, offering a rare chance to capitalize on a prime location in Topeka.

    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
    -95.7618
    Latitude
    39.0395

    Comparable in this City

    • Value Estimation by Request
      18.80 Acres

      10th Ave

      Land
      10th Ave, Topeka, KS 66615
      View Details
    • Value Estimation by Request
      6,636 SF

      1231 Wanamaker Rd

      Retail properties & Spaces
      1231 Wanamaker Rd, Topeka, KS 66615
      View Details
    • Value Estimation by Request
      1.55 Acres

      1349 Arvonia Pl

      Land
      1349 Arvonia Pl, Topeka, KS 66615
      View Details
    • Value Estimation by Request
      20.00 Acres

      Of

      Land
      0 Of, Topeka, KS 66615
      View Details
    • Value Estimation by Request

      9126 10Th Ave

      Land
      9126 10Th Ave, Topeka, KS 66615
      View Details
    • Value Estimation by Request
      80,744 SF

      6130 17th St

      DEPARTMENT STORE
      6130 17th St, Topeka, KS 66615-1141
      View Details

    Similar Nearby for Sale

    • $1,395,000
      16.00 Acres

      Topeka Commercial Corner Opportunity

      16+/- acre commercial land with dual road frontage.
      7523 SW 21St St, Topeka, KS 66615
      View Details
    • Contact for pricing

      20 Acres of Land

      20 acres of land available for sale.
      West Of SW Wanamaker, Topeka, KS 66615
      View Details
    • Contact for pricing

      5.32 Acres of Land

      5.32 acres of land available for sale.
      6311 SW 9Th St, Topeka, KS 66615
      View Details
    • Contact for pricing

      Land Near I-70 Highway Access

      14.67 acre land parcel with highway access.
      at I-70 SW 10Th Ave, Topeka, KS 66615
      View Details
    • Contact for pricing
      20,602 SF

      Topeka Strip Center For Sale

      20,602 SF strip center in Topeka, Kansas.
      2025 SW Urish Rd, Topeka, KS 66615
      View Details
    • Contact for pricing

      Commercial Land Near I-70

      Commercial land with frontage to River Hill and I-70.
      601 SW Corporate Vw, Topeka, KS 66615
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,038 SF

      West Topeka Class A Office

      Class A office space with Interstate 70 access.
      6001 SW 6Th Ave, Topeka, KS 66615
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space for rent in Topeka, Kansas.
      1200 SW Executive Dr, Topeka, KS 66615
      View Details
    • Contact for pricing
      1,511 SF

      Topeka Office Space Available

      Office space available for lease in Topeka, Kansas.
      6206 SW 9Th Ter, Topeka, KS 66615
      View Details
    • Contact for pricing
      4,000 SF

      Topeka Office Space Available

      Office space available for rent in Topeka, Kansas.
      6342 SW 21St St, Topeka, KS 66615
      View Details
    • Contact for pricing

      Retail Space on Wanamaker Road

      Retail space with ample parking and high visibility.
      1129 SW Wanamaker Rd, Topeka, KS 66615
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Topeka, Kansas

      Retail space available for lease in Topeka, Kansas.
      6121 SW 12Th St, Topeka, KS 66615
      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.
    6th St And Wanamaker Rd
    Topeka, KS 66615
    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
    6th St And Wanamaker Rd, Topeka, KS, 66615
    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!