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Property profile & analytics
OFF-MARKET Estimated value $245,000
Warehouses

700 7th St Topeka, KS 66607-1833

1.05 ac lot Built 1906
Entity Owned 20-yr Hold Free & Clear
Property ID
US33-0920699
Property summary
AI-generated overview

This exceptional investment opportunity presents a three-building industrial complex totaling 16,192 square feet on a 2.4-acre lot in Topeka, Kansas. The property, located at 635, 700 & 706 SE 7th Street, boasts a desirable blend of flex and warehouse space, ideal for a variety of uses. Built in 1906 and renovated in 1984, the buildings feature a combination of dock-high and drive-in access, offering flexibility for various operational needs. Ceiling heights range from 14 to 18 feet. The property is zoned I-2 (Heavy Industrial), providing ample opportunities for expansion or redevelopment. 706 SE 7th Street has recently undergone interior remodeling and repainting. 700 SE 7th Street currently houses multiple tenants, presenting potential for additional income. While 635 SE 7th Street is included in the asking price of $500,000, it can be excluded from the sale if desired. The property also includes a fenced yard, offering additional space for potential development. Strategically located east of downtown Topeka, the complex enjoys convenient access to I-70, situated within four blocks of the interstate and just south of the 6th Street Railroad Bridge. An alternative access point is available via the Adams Exit on I-70, a short distance south. This prime location, coupled with the versatile space and potential for future income, makes this a compelling investment prospect. The price per square foot is $30.88. The property features two dock-high doors.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1906
Lot 1.05 ac (45,738 SF)
Zoning code I2
APN 109-32-0-30-09-005.00
UPID US33-0920699
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k
Owner & transaction history
700 Se Seventh Street LLC · 20 yrs held
700 Se Seventh Street LLC
since 2005
1 recorded transaction
2005
Price N/A
Zoning & alternative use
I2 · Topeka, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

This district is established to provide for the use and location of all other uses excluded in other districts except for residential dwellings

Zone name Heavy Industrial District
General category INDUSTRIAL
Zone area 1,453.42 ac
Source Realmo
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