Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1151 Gage Blvd Topeka, KS 66604-1772
    Back to Search

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    1151 Gage Blvd Topeka, KS 66604-1772

    View on Map
    • Drive through restaurants
    • 1,503 SF
    • 0.59 lot acres
    Off-Market
    Property ID
    US33-1087680
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Subway / Take-out & Catering

    Property Details for 1151 Gage Blvd

    Year built
    1991
    Construction
    FRAME
    Lot size
    0.59 lot acres
    Property size
    1,503 SF
    Zone code
    C2
    Property type
    Drive through restaurants
    APN
    098-34-0-40-04-001.00
    APU
    98340400400100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.7251
    Latitude
    39.0472
    CBSA code
    45820
    CBSA name
    TOPEKA, KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,673
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $659,500

    Comparable in this City

    • Value Estimation by Request
      5,313 SF

      1201 Gage Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,313 SF
      1201 Gage Blvd, Topeka, KS 66604-1883
      View Details
    • Value Estimation by Request
      1,678 SF

      2053 Western Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,678 SF
      2053 Western Ave, Topeka, KS 66604-3077
      View Details
    • Value Estimation by Request
      3,757 SF

      1415 Wanamaker Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,757 SF
      1415 Wanamaker Rd, Topeka, KS 66604-3800
      View Details
    • Value Estimation by Request
      2,378 SF

      1115 Wanamaker Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,378 SF
      1115 Wanamaker Rd, Topeka, KS 66604-3808
      View Details
    • Value Estimation by Request
      771 SF

      1700 Medford Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 771 SF
      1700 Medford Ave, Topeka, KS 66604-3148
      View Details
    • Value Estimation by Request
      2,702 SF

      2038 Gage Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,702 SF
      2038 Gage Blvd, Topeka, KS 66604-3348
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Historic Art-Deco Building For Sale

      Move-in-ready Art-Deco building near Washburn University, ideal for restaurant/retail.
      Unknown, Topeka, KS 66604
      View Details
    • Contact for pricing
      126,120 SF

      Topeka Retail Property for Sale

      Retail property available for purchase in Topeka, Kansas.
      1133 SW Wanamaker Rd, Topeka, KS 66604
      View Details
    • Contact for pricing
      4,665 SF

      Retail Building on Wanamaker Road

      Freestanding retail building with high visibility and ample parking.
      1834 SW Wanamaker Rd, Topeka, KS 66604
      View Details
    • $325,000

      Topeka Commercial Building Opportunity

      Commercial building in Topeka, suitable for various uses.
      1170 SW Mission Ave, Topeka, KS 66604
      View Details
    • Contact for pricing

      Brick Building Near Downtown Topeka

      Versatile brick building suitable for event center, gym, or church.
      1239 SW Western Ave, Topeka, KS 66604
      View Details
    • Contact for pricing

      Wanamaker Pad Site For Rent

      2.1+/- acre commercial land with multiple access points.
      1224 SW Wanamaker Rd, Topeka, KS 66604
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,013 SF

      Free Standing Building With Drive-Thru

      2,013 SF building with drive-thru, redevelopment potential.
      1241 SW Gage Blvd, Topeka, KS 66604
      View Details
    • Contact for pricing

      Former Pizza Restaurant Space Available

      Former pizza restaurant space with hardwood floors and large kitchen.
      1930 SW Westport Dr, Topeka, KS 66604
      View Details
    • Contact for pricing

      Retail, Office, or Restaurant Suites

      Commercial suites suitable for retail, office, or restaurant use.
      5938 SW 17Th St, Topeka, KS 66604
      View Details
    • Contact for pricing

      Retail Space in Washburn Center

      Prime retail location near Washburn University and Downtown Topeka.
      1501 SW 21St St, Topeka, KS 66604
      View Details
    • Contact for pricing
      1,205 SF

      Retail Space Near West Ridge

      Retail space in a busy area near West Ridge Mall.
      5900 SW Huntoon St, Topeka, KS 66604
      View Details
    • $4 SF/Yr
      5,500 SF

      Retail Space Available For Rent

      5,500 sq ft retail space for lease.
      2031 SW Gage Blvd, Topeka, KS 66604
      View Details

    Property Visit Statistics

    • Visits by month
      6.3k
    • Visitors by month
      5.3k
    • Avg Time on site
      15 min
    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.
    1151 Gage Blvd
    Topeka, KS 66604-1772
    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
    1151 Gage Blvd, Topeka, KS, 66604
    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!