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

    2821 Fairlawn Rd Topeka, KS 66614-1516

    • Turn key restaurants
    • 1.75 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-1020915
    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

    • Johnny's Tavern Topeka / American Restaurant / Pub

    Property Details for 2821 Fairlawn Rd

    Year built
    1963
    Lot size
    1.75 lot acres
    Zone code
    PUD, C4, M3
    Property type
    Turn key restaurants
    APN
    142-09-0-40-10-007.00
    APU
    142090401000700

    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
    -95.7445
    Latitude
    39.0154
    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
    $84,744
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,107 SF

      5954 29th St

      RESTAURANT • 2,107 SF
      5954 29th St, Topeka, KS 66614-2524
      View Details
    • Value Estimation by Request
      0.84 Acres

      3030 Wanamaker Rd

      RESTAURANT • 0.84 Acres
      3030 Wanamaker Rd, Topeka, KS 66614-4424
      View Details
    • Value Estimation by Request
      3,053 SF

      5937 29th St

      RESTAURANT • 3,053 SF
      5937 29th St, Topeka, KS 66614-2525
      View Details
    • Value Estimation by Request
      5,350 SF

      2121 Belle Ave

      RESTAURANT • 5,350 SF
      2121 Belle Ave, Topeka, KS 66614-1745
      View Details
    • Value Estimation by Request
      0.80 Acres

      2915 Wanamaker Rd

      RESTAURANT • 0.80 Acres
      2915 Wanamaker Rd, Topeka, KS 66614-4699
      View Details
    • Value Estimation by Request
      1,800 SF

      2800 Fairlawn Rd

      RESTAURANT • 1,800 SF
      2800 Fairlawn Rd, Topeka, KS 66614-1509
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,788 SF

      Prime Topeka Retail Space

      1,788 SF Bank/QSR Ready
      3835 29Th St, Topeka, KS 66614
      View Details
    • $50,000
      Pending

      Residential Lot in Sherwood Park

      Residential lot in Topeka, near new middle school.
      6 Block B, Topeka, KS 66614
      View Details
    • $335,000
      4,156 SF

      Topeka Office Building For Sale

      Office building with 4,156 square feet of space.
      5040 SW 28Th St, Topeka, KS 66614
      View Details
    • $1,050,000
      10,846 SF

      Topeka Office Building: Prime Location

      10,846 SF Office Building, $1.05M
      3715 29Th St, Topeka, KS 66614
      View Details
    • $1,400,000
      9,576 SF

      Topeka Medical Office Building

      Multi-tenant office, great location, $1.4M
      6730 29Th St, Topeka, KS 66614
      View Details
    • $1,995,000
      20,790 SF

      Topeka Office Building: Prime Investment

      Multi-tenant office building, high cap rate, excellent location.
      2121 Chelsea Dr, Topeka, KS 66614
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      7,150 SF

      Wanamaker Corridor Office Suites

      Prime Office Space, Two Suites Available
      6021 29Th St, Topeka, KS 66614
      View Details
    • $4 SF/Yr
      73,083 SF

      Seabrook Shopping Center: Prime Retail

      Established center, high traffic, spaces available.
      21st St & Gage Blvd, Topeka, KS 66614
      View Details
    • Contact for pricing
      1,788 SF

      Prime Gage Blvd Retail Space

      1,788 SF Freestanding Building, High Visibility
      3835 29Th St, Topeka, KS 66614
      View Details
    • Contact for pricing
      1,320 SF

      Retail Space in Topeka, Kansas

      Retail space available for lease in Topeka, Kansas.
      2110-2120 SW Brandywine Ln, Topeka, KS 66614
      View Details
    • Contact for pricing
      378 SF

      Retail Suites Inside Dillons Stores

      In-store retail suites available for rent in Kansas.
      5311-5341 SW 22Nd Pl, Topeka, KS 66614
      View Details
    • $153 SF/Yr
      1,325 SF

      Topeka Salon Space for Lease

      Prime Retail Space, Established Location
      2910 Oakley Ave, Topeka, KS 66614
      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.
    2821 Fairlawn Rd
    Topeka, KS 66614-1516
    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.