Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    123 Madison St Topeka, KS 66607-1145

    • Warehouses
    • 1.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-1017012
    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.

    Current Use by Public Records

    • AmeriPride, an Aramark Company / Uniform Store / Work Clothes Store
    • Aramark Uniform Services is now Vestis / Uniform Store / Work Clothes Store

    Property Details for 123 Madison St

    Year built
    1965
    Lot size
    1.16 lot acres
    Zone code
    I1
    Property type
    Warehouses
    APN
    109-32-0-20-07-003.00
    APU
    109320200700300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.6672
    Latitude
    39.0567
    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
    $24,957
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $667,100

    Comparable in this City

    • Value Estimation by Request
      11.15 Acres

      3528 Cyprus Dr

      MINI-WAREHOUSE, STORAGE • 11.15 Acres
      3528 Cyprus Dr, Topeka, KS 66607-2206
      View Details
    • Value Estimation by Request
      4.94 Acres

      3501 21st St

      WAREHOUSE, STORAGE • 4.94 Acres
      3501 21st St, Topeka, KS 66607-2372
      View Details
    • Value Estimation by Request
      12.01 Acres

      3431 21st St

      WAREHOUSE, STORAGE • 12.01 Acres
      3431 21st St, Topeka, KS 66607-2500
      View Details
    • Value Estimation by Request
      23,520 SF

      600 Adams St

      WAREHOUSE, STORAGE • 23,520 SF
      600 Adams St, Topeka, KS 66607-1155
      View Details
    • Value Estimation by Request
      5,208 SF

      503 Branner St

      WAREHOUSE, STORAGE • 5,208 SF
      503 Branner St, Topeka, KS 66607-1842
      View Details
    • Value Estimation by Request
      1,246 SF

      1330 Madison St

      STORAGE YARD (JUNK, SALVAGE) • 1,246 SF
      1330 Madison St, Topeka, KS 66607-1212
      View Details

    Similar Nearby for Sale

    • $1,350,000
      15,000 SF

      Topeka Industrial Investment Opportunity

      15,000 SF Warehouse, Flex Space, Distribution Center
      3526 21St St, Topeka, KS 66607
      View Details
    • $250,000

      Topeka Storage Facility on 3.5 Acres

      Light industrial storage facility with four buildings on 3.5 acres.
      3201 SE Bates Rd, Topeka, KS 66607
      View Details
    • $299,900
      5.85 Acres

      Prime Topeka Industrial Land

      5.85-Acre I-70 Industrial Site
      1100 Rice Rd, Topeka, KS 66607
      View Details
    • $120,000
      0.14 Acres

      Topeka Duplex with Recent Updates

      Duplex in Topeka with updated roof and fresh paint.
      509/511 SE Lafayette St, Topeka, KS 66607
      View Details
    • $184,000
      9.60 Acres

      Prime Topeka Land - 9.6 Acres

      High-traffic location, ideal for development.
      3641 Us Highway 40, Topeka, KS 66607
      View Details
    • $150,000

      Development Opportunity Near Downtown Topeka

      5.49-acre parcel zoned for multi-family residential development.
      802 SE 17Th St, Topeka, KS 66607
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,178 SF

      Warehouse Near I-70 and I-470

      Strategically located warehouse space near major highways for lease.
      2000 SE Rice Rd, Topeka, KS 66607
      View Details
    • $6 SF/Yr
      6,000 SF

      Topeka Warehouse Space Available

      6,000 SF warehouse space for lease in Topeka.
      417 SE 10Th Ave, Topeka, KS 66607
      View Details
    • $6 SF/Yr
      8,644 SF

      Topeka Flex Space: 8,644 SF

      Prime Topeka warehouse/flex space. Ideal for distribution & office needs.
      414 Jefferson St, Topeka, KS 66607
      View Details
    • $4 SF/Yr
      5,000 SF

      Topeka Warehouse Space Available

      5,000 square foot warehouse space for lease in Topeka.
      1801 SE Madison St, Topeka, KS 66607
      View Details
    • $0.31 SF/Yr
      83,772 SF

      Topeka Industrial Yard For Lease

      Nearly 2 acres, secure outdoor storage
      3507 21St St, Topeka, KS 66607
      View Details
    • $7 SF/Yr
      1,385 SF

      Topeka Retail Space Available

      Retail space available for lease in Topeka, Kansas.
      2601-2627 SW 21St St, Topeka, KS 66607
      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.
    123 Madison St
    Topeka, KS 66607-1145
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.