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Property profile & analytics
FOR LEASE
Strip malls

2605 SW 21St St Topeka, KS 66604

2.1 ac lot Built 1951
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US33-1003016
Property summary
AI-generated overview

This exceptional retail investment opportunity presents a well-maintained strip center totaling 28,956 square feet, situated at 2605 SW 21st St, Topeka, Kansas, 66604. The property, built in 1951 and zoned C-2 Commercial, features six individual suites ranging in size from 1,827 to 4,275 square feet, with two currently available for lease. The center benefits from a strong anchor tenant, Kwik Shop, ensuring consistent foot traffic and visibility. Its strategic location near Washburn University and the VA Hospital provides a substantial daytime population and excellent drive-by exposure, contributing to high traffic counts. This property offers a compelling investment prospect for businesses seeking high-traffic retail space in a well-established Topeka neighborhood. The property is located in Shawnee County and offers a prime opportunity for retail or office users seeking high visibility and access to a dense population. The existing tenant mix and the property's location near major institutions make this a stable and attractive investment. The property's size and layout offer flexibility for a variety of retail uses.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1951
Lot 2.1 ac (91,370 SF)
Zoning code C2
APN 141-11-0-10-03-002.00
UPID US33-1003016
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
  • PJ's Resell Discount Store
  • Value Them Both Advocacy Group Volunteer Organization
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
Plaza 21 LLC · 13 yrs held
Plaza 21 LLC
since 2013
3 recorded transactions
2013
Price N/A
2012
$900,000
2009
Price N/A
Zoning & alternative use
C2 · Topeka, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

This district is established to provide for those commercial activities which serve a major segment of the total community population

Zone name Commercial District
General category COMMERCIAL
Zone area 240.41 ac
Source Realmo
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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