2121 Chelsea DrTopeka, KS 66614

  • Office buildings
  • 2.46 AC
For Sale
$1,995,000 View listing

Property Details for 2121 Chelsea Dr

Year built
1997
Lot size
2.46 AC
Zone code
C2, C4
Property type
Office buildings
APN
142-09-0-10-02-007.02
APU
142090100200702

Description

This exceptional 20,790 square foot office building in Topeka, Kansas, presents a unique investment opportunity. Situated at 2121 SW Chelsea Drive, in Shawnee County, this 1997-built property offers flexible tenancy options, ideal for owner-occupancy or multiple tenants. The building boasts multiple entrances, ample parking, and a variety of spaces including sizeable open bullpen areas, private offices, substantial storage, and dedicated meeting/training rooms. A notable feature is a former recording studio with high ceilings and a convenient drive-in door, perfect for deliveries or specialized uses. The property sits on 2.46 acres of land and offers immediate access to I-470, providing excellent connectivity. Currently, one large space of 6,400 square feet is immediately available, but the entire 20,790 square feet can be leased or purchased. The existing owner may consider remaining as a tenant, adding to the versatility of this property. This well-maintained building offers a compelling opportunity for businesses seeking a prominent location with diverse space configurations to suit their needs. The property's location off 21st and Fairlawn in West Topeka ensures high visibility and easy access for employees and clients alike. The zip code is 66614.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $18,576,268
    6.5%
    $17,147,324
    7%
    $15,922,516
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,653,710
    Geo Method
    $7,653,710
  • Alternative Use

    Use
    Valuation
    Residential
    $21,262,682
    Hospitality
    $19,476,504
    Educational
    $16,204,222
    Medical
    $16,761,510
    Retail
    $25,206,568
2121 Chelsea Dr, Topeka, Kansas

Location Insight

City
Topeka
County
Shawnee
State
Kansas
Latitude
39.0273
Longitude
-95.7484
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
$54,203
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