1408 Topeka BlvdTopeka, KS 66612

Property Details for 1408 Topeka Blvd

Year built

1977

Construction

CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

3,520 SF

Zone code

OI2

Property type

Medical offices

Property subtype

Medical centers

APN

133-06-0-20-17-003.00

APU

133060201700300

Description

This exceptional 7,040 square foot office building, situated at 1408 SW Topeka Blvd in Topeka, Kansas, presents a unique investment opportunity. Built in 1977, this Class C property sits on a substantial 12.15 acres and is zoned O12, offering significant flexibility. Currently, 2,500 square feet of space is immediately available for lease, ideal for a variety of medical or traditional office uses. The building features a convenient break room and private restrooms, enhancing the functionality and comfort of the space. The available area is adaptable and can be easily divided to accommodate multiple tenants or individual office configurations, catering to diverse business needs. The property's central location near downtown Topeka provides excellent accessibility and visibility, making it an attractive option for businesses seeking a prominent presence in the city. The multiple tenancy structure allows for diverse occupancy and potential for strong rental income. This is a rare opportunity to acquire a well-located, versatile office building in a thriving Kansas market. The property's size and zoning provide ample room for expansion or future development. Don't miss this chance to secure a valuable asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $611,096

  6.5%

  $564,089

  7%

  $523,797

• Comparable approach

  Method

  Valuation

  Relative Method

  $251,786

  Geo Method

  $251,786

• Alternative Use

  Use

  Valuation

  Residential

  $699,470

  Hospitality

  $640,711

  Educational

  $533,064

  Medical

  $551,397

  Retail

  $829,211

Location Insight

City

Topeka

County

Shawnee

State

Kansas

Latitude

39.0409

Longitude

-95.6824

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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