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    Property profile & analytics

    9126 10Th Ave Topeka, KS 66615

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0627078
    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

    • Unity Church of Christianity / Church

    Property Details for 9126 10Th Ave

    Property type
    Commercial real estate

    Description

    This exceptional 7-acre property in Topeka, Kansas, presents a unique investment opportunity. Located on a hilltop just three miles from the city, it offers both tranquility and convenient access via a paved road. The 5,025 square foot building is ideally suited for a variety of uses, including a church, event venue, or corporate retreat center. The main space is a large sanctuary perfect for worship services, ceremonies, or large gatherings. A spacious fellowship hall is adjacent, ideal for receptions or banquets. Multiple classrooms are available for education or breakout sessions. A fully equipped kitchen caters to large-scale events. Restroom facilities include a men's room with two stalls and a women's room with three stalls. A large office with a half-bath provides additional space, potentially usable as a bride's room. The expansive outdoor area offers stunning views and ample space for additional activities. The property is zoned for commercial use and is listed at $459,980. This versatile property boasts a unique combination of hilltop location, flexible facilities, and natural beauty, presenting boundless potential for the discerning investor. The property's address is 9126 SW 10th Ave, Topeka, KS 66615.

    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
    -95.833366
    Latitude
    39.0514129

    Comparable in this City

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      Topeka, KS Land For Sale

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      Commercial Land in Topeka Corridor

      Land sites available in major commercial corridor with utilities.
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      26.00 Acres

      Topeka Commercial Development Land

      Prime 26-acre site, I-70 access.
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      Land in Topeka Retail District

      Commercial land in a high-traffic retail corridor.
      6209 SW 10Th Ave, Topeka, KS 66615
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    Similar Nearby for Sale

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      20.00 Acres

      Prime Topeka Commercial Land

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      2.18 Acres

      Prime Topeka Industrial Land

      2.18 Acres, C4 Zoning, $758,128
      601 Corporate Vw, Topeka, KS 66615
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      26.00 Acres

      Topeka Commercial Development Land

      Prime 26-acre site, I-70 access.
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    • $475,000

      Land in Topeka Retail District

      Commercial land in a high-traffic retail corridor.
      6209 SW 10Th Ave, Topeka, KS 66615
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    • $425,000
      1.55 Acres

      Topeka Commercial Lot - Build Your Dream

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      Topeka Development Land - I-70 Visibility

      5.32 Acres, Excellent I-70 Exposure, Flexible Development
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    Similar Nearby for Lease

    • $24 SF/Yr
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      West Topeka Class A Office

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      Topeka Class A Office Space

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      Retail Space in Topeka, Kansas

      Retail space available for lease in Topeka, Kansas.
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      6,636 SF

      Prime Topeka Retail Space

      6,636 SF Vacant Retail Building
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    • $8 SF/Yr
      21,000 SF

      Topeka Warehouse Space Available

      Modern Industrial Units, Flexible Sizes
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    • $16 SF/Yr
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      Topeka Office Space Available

      Office space available for lease in Topeka, Kansas.
      6206 SW 9Th Ter, Topeka, KS 66615
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    9126 10Th Ave
    Topeka, KS 66615
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    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
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