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Property profile & analytics
FOR SALE
Motels

3846 SW Topeka Blvd Topeka, KS 66609

1.4 ac lot Built 1974
Entity Owned 11-yr Hold Free & Clear
Property ID
US33-0920675
Property summary
AI-generated overview

This exceptional 1.41-acre commercial land parcel, located at 3846 SW Topeka Blvd in Topeka, Kansas (zip code 66609), presents a compelling redevelopment opportunity. Situated in Shawnee County and zoned C-4, this property enjoys a prime location adjacent to the newly constructed Kansas Turnpike Authority (KTA) offices. The area is experiencing significant revitalization, creating a dynamic environment for future development. The property's strategic position benefits from the ongoing renaissance of the Topeka Boulevard area, a transformation described as exceeding the impact of previous major developments. To facilitate redevelopment, the possibility of utilizing Community Improvement District (CID) and Tax Increment Financing (TIF) options exists. CID taxes levied within a designated district can fund public infrastructure improvements, while TIF leverages future property tax increases to repay debt incurred for redevelopment projects. These financing mechanisms can significantly enhance the attractiveness of this property to investors and developers. Interested parties are encouraged to contact local economic development agencies or city officials to explore the specifics of available CID and TIF programs and their potential benefits. The seller is actively pursuing economic development funding to prepare the site for development and upgrade infrastructure. This proactive approach aims to make the property "shovel ready" and expedite the redevelopment process. The property is currently vacant.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1974
Lot 1.4 ac (61,200 SF)
Zoning code C4
APN 134-19-0-20-03-020.00
UPID US33-0920675
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
  • Travelers Inn Hotel & Motel
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
Dayaram LLC · 11 yrs held
Dayaram LLC
since 2014
2 recorded transactions
2018
Price N/A
2014
Price N/A
Zoning & alternative use
C4 · Topeka, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

This district is established to provide for commercial uses and activities which are intended to serve as community or regional service areas

Zone name Commercial District
General category COMMERCIAL
Zone area 984.63 ac
Source Realmo
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