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Property profile & analytics
OFF-MARKET
Office buildings
2450 29th St Topeka, KS 66605-2200
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US33-0921032
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
FRAME
Total area
960 SF
Lot
0.72 ac (31,413 SF)
Zoning code
OI2
APN
132-09-0-40-02-002.00
UPID
US33-0921032
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Nexthome Professionals Real Estate Agency
-
Seth Froese, NextHome Professionals Real Estate Agency
-
Brittany Ford, NextHome Professionals Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Envest LLC · 5 yrs held
Envest LLC
since 2020
3 recorded transactions
Zoning & alternative use
OI2 · Topeka, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is established to provide for a limited range of nonresidential and noncommercial uses such as general purpose office, professional, or administrative operations
Zone name
Office And Institutional District
General category
CIVIC_INSTITUTIONAL
Zone area
278.64 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Topeka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Topeka submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,609
Tax year 2023
Assessed value
$30,801
Assessed 2023
Previous assessed
$30,801
+0.0% YoY
Effective rate
14.96%
On assessed value
Total market value
$123,200
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
FRAME
Heating
YES
Cooling
YES
Total area
960 SF
Lot
0.72 ac (31,413 SF)
Zoning code
OI2
APN
132-09-0-40-02-002.00
UPID
US33-0921032
Jurisdiction
SHAWNEE
Zoning & alternative use
OI2 · Topeka, KSZoning OI2 · permitted uses
OI2 · Topeka, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is established to provide for a limited range of nonresidential and noncommercial uses such as general purpose office, professional, or administrative operations
Zone name
Office And Institutional District
General category
CIVIC_INSTITUTIONAL
Zone area
278.64 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1965
Construction
FRAME
Heating
YES
Cooling
Yes
Lot
0.72 ac
Current owner
From public records · entity-resolved
Envest LLC
Entity
Mailing address
2450 SE 29TH ST, TOPEKA, KS 66605-2200
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2020
—
Envest LLC
Trivest Corporation
Warranty Deed
—
Aug 16, 2017
—
Trivest Corporation
Business LLC
Warranty Deed
$102,000 · Landmark National Bank
Dec 4, 2009
—
Business LLC
Michael Mitchiner
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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