990 Fairlawn RdTopeka, KS 66606

Property Details for 990 Fairlawn Rd

Year built

1979

Lot size

0.59 AC

Zone code

OI1

Property type

Office buildings

APN

098-34-0-20-08-006.00

APU

98340200800600

Description

This exceptional two-story office building, situated on a 2.5-acre lot at the prominent corner of 10th and Fairlawn Road in Shawnee County, offers a total of 7,678 square feet of versatile space. Currently, the entire building is vacant, presenting a unique opportunity for a single tenant to occupy the entire 7,678 square feet, or for multiple tenants to lease individual suites ranging from a minimum of 3,672 square feet up to a maximum contiguous space of 11,000 square feet. Built in 1979, this building features an elevator for convenient access to both floors. The property is zoned O-1, allowing for a variety of office uses. The building's location provides excellent visibility and accessibility, making it an ideal location for businesses seeking a prominent presence in the area. The ample lot size offers significant potential for future expansion or additional parking. This is a rare opportunity to secure a substantial and well-located office space in Shawnee County. The building's layout is adaptable to suit various business needs, offering a flexible solution for both small and large organizations. The immediate availability of the entire building makes this an attractive option for businesses seeking quick occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $4,461,926

  6.5%

  $4,118,702

  7%

  $3,824,508

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,838,321

  Geo Method

  $1,838,321

• Alternative Use

  Use

  Valuation

  Residential

  $5,107,190

  Hospitality

  $4,678,158

  Educational

  $3,892,173

  Medical

  $4,026,030

  Retail

  $6,054,491

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

39.0515

Longitude

-95.7428

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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