This exceptional 64.75-acre parcel in Topeka, Kansas, presents a prime residential development opportunity. Located in Shawnee County, near NW 37th Street, zip code 66618, the land is conveniently situated and already platted, significantly reducing development hurdles. The property comprises 195 platted residential lots, divided between two subdivisions: Cherry Creek North and Cherry Creek North No. 2. Cherry Creek North No. 2 features 151 lots, while Cherry Creek North contains 44 lots. This ready-to-build land offers significant potential for developers seeking to capitalize on the strong demand for residential properties in the area. The asking price for this expansive tract is $1,365,000. Detailed plat maps and further information are available upon request. This is an exceptional chance to acquire a substantial land holding ideal for immediate residential development in a desirable Topeka location. The property's location offers easy access to local amenities and infrastructure, making it an attractive proposition for both large-scale and smaller-scale residential projects. Don't miss this opportunity to secure a significant piece of Topeka's future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.