Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    5977 29th St Topeka, KS 66614-2536

    • Grocery and convenience stores
    • 0.92 lot acres
    OFF-MARKET
    Last Sale
    Mar 07, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-1012644
    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

    • bp / Gas Station / Convenience Store

    Property Details for 5977 29th St

    Year built
    1988
    Lot size
    0.92 lot acres
    Zone code
    C2
    Property type
    Grocery and convenience stores
    APN
    145-16-0-20-03-006.00
    APU
    145160200300600

    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
    -95.7618
    Latitude
    39.0142
    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
    $27,047
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $675,350

    Comparable in this City

    • Value Estimation by Request
      855 SF

      2836 Fairlawn Rd

      CONVENIENCE STORE • 855 SF
      2836 Fairlawn Rd, Topeka, KS 66614-1509
      View Details
    • Value Estimation by Request
      0.53 Acres

      3101 29th St

      CONVENIENCE STORE • 0.53 Acres
      3101 29th St, Topeka, KS 66614-2006
      View Details
    • Value Estimation by Request
      8.80 Acres

      6829 29th St

      GROCERY, SUPERMARKET • 8.80 Acres
      6829 29th St, Topeka, KS 66614-6083
      View Details
    • Value Estimation by Request
      75,142 SF

      2951 Wanamaker Rd

      GROCERY, SUPERMARKET • 75,142 SF
      2951 Wanamaker Rd, Topeka, KS 66614-4472
      View Details
    • Value Estimation by Request
      7.25 Acres

      5311 22nd Pl

      GROCERY, SUPERMARKET • 7.25 Acres
      5311 22nd Pl, Topeka, KS 66614-1500
      View Details
    • Value Estimation by Request
      0.51 Acres

      2101 Fairlawn Rd

      CONVENIENCE STORE • 0.51 Acres
      2101 Fairlawn Rd, Topeka, KS 66614-1501
      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
    • $335,000
      4,156 SF

      Topeka Office Condo Investment

      Prime Office Space, 4,156 SF, $335K
      5040 28Th St, Topeka, KS 66614
      View Details
    • $1,900,000
      13,878 SF

      Topeka Office Complex: Prime Location

      Two-building office complex, excellent access.
      2900 Wanamaker Dr, Topeka, KS 66614
      View Details
    • $2,475,000
      14,720 SF

      Topeka Office Building For Sale

      Office building with a newly signed 5-year NNN lease.
      2445 SW Wanamaker Rd, Topeka, KS 66614
      View Details

    Similar Nearby for Lease

    • 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
    • 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
      1,200 SF

      Retail Space on Wanamaker Road

      Retail space with high visibility and monument signage available.
      2121 SW Wanamaker Rd, Topeka, KS 66614
      View Details
    • Contact for pricing
      102,933 SF

      Kansas Retail Suites For Rent

      In-store retail suites available within Dillons Grocery Stores.
      5311 SW 22Nd Pl, Topeka, KS 66614
      View Details
    • $9 SF/Yr
      180,000 SF

      2114 Chelsea Dr

      Individual retail properties • 180,000 SF
      2114 Chelsea Dr, Topeka, KS 66614
      View Details
    • Contact for pricing
      7,050 SF

      Topeka Retail Space Available

      Retail space available for lease in Topeka, Kansas.
      6749 SW 29Th St, Topeka, KS 66614
      View Details

    Property Visit Statistics

    • Visits by month
      8.4k
    • Visitors by month
      6.0k
    • Avg Time on site
      8 min
    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.
    5977 29th St
    Topeka, KS 66614-2536
    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.