Topeka, KS Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Topeka, Kansas Market population: 128K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Topeka KS Properties: 1.5300%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Topeka KS
Common questions from investors exploring commercial real estate in Topeka KS.
What's the overall investment outlook for Topeka, KS, considering its demographic and economic trends?
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Topeka's median household income of $40,826, combined with a poverty rate of 17.0% and high health insurance coverage of 88.8%, suggests a relatively stable market with opportunities for growth. The city's diverse economy, driven by top industries like Agriculture, Forestry, Fishing & Hunting, & Mining, and Finance & Insurance, & Real Estate & Rental & Leasing, supports a strong employment market. Additionally, the average commute time of 16.6 minutes and high homeownership rate of 57.4% indicate a high quality of life for residents.
How does the ethnic diversity and income inequality in Topeka impact the rental market?
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The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Hispanic populations, contributes to a vibrant rental market. However, the income inequality, as indicated by a GINI coefficient of 0.455, and poverty rate of 17.0%, may affect tenant quality and stability. Nevertheless, the strong employment market and high health insurance coverage of 88.8% suggest a relatively stable tenant base.
What are the key factors influencing property values and rental yields in Topeka?
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The median property value of $95,600 and median property taxes of $30,503 are relatively affordable, making Topeka an attractive market for investors. The city's top industries, including Agriculture, Forestry, Fishing & Hunting, & Mining, and Finance & Insurance, & Real Estate & Rental & Leasing, drive demand for housing. Furthermore, the average commute time of 16.6 minutes and high homeownership rate of 57.4% contribute to a stable and desirable living environment, supporting property values and rental yields.
How does the commute time and transportation infrastructure impact the quality of life for residents and investors in Topeka?
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The average commute time of 16.6 minutes in Topeka is relatively short, indicating a well-planned transportation infrastructure. The top commute methods, including driving alone, carpooling, and working from home, suggest flexibility and convenience for residents. This, combined with the high health insurance coverage of 88.8% and low poverty rate compared to other cities, contributes to a high quality of life, making Topeka an attractive market for both residents and investors.
What are the implications of Topeka's employment market and industry diversity for real estate investors?
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The employed population of 58,419 and diverse top industries, including Agriculture, Forestry, Fishing & Hunting, & Mining, Finance & Insurance, & Real Estate & Rental & Leasing, and Public Administration, create a stable and growing employment market. This, combined with the median household income of $40,826 and relatively high health insurance coverage of 88.8%, suggests a strong demand for housing and a favorable environment for real estate investors. The city's industry diversity also reduces dependence on a single sector, making it more resilient to economic fluctuations.
Topeka KS Real Estate & City Facts
Key facts and real estate information about Topeka KS.
What are some of the best neighborhoods to live in Topeka?
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Some of the best neighborhoods to live in Topeka include Oakland, Highland, College Hill, Westboro, and Potwin. These neighborhoods offer a mix of affordability, safety, and amenities. However, it's always a good idea to do your own research and visit the neighborhoods in person to get a feel for which one is the best fit for you.
What are some fun things to do in Topeka?
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Topeka has a lot to offer when it comes to things to do. Some popular attractions include the Kansas State Capitol, Brown v. Board of Education National Historical Park, and the Topeka Zoo. You can also visit the Combat Air Museum, the Evel Knievel Museum, or take a stroll around Lake Shawnee. If you're looking for something more low-key, you can check out the Alice C. Sabatini Art Gallery or grab a bite to eat at one of the many local restaurants.
What is the food scene like in Topeka?
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Topeka has a diverse food scene with a range of options to suit every taste and budget. Some popular restaurants include The Wheel Barrel, Blind Tiger Brewery & Restaurant, and Bobo's Drive-In. You can also find a variety of cuisines, from barbecue to fine dining, and plenty of great food trucks to try. There are also plenty of great local cafes and bakeries to grab a coffee or snack.
What are the pros and cons of living in Topeka?
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Topeka has its pros and cons like any city. Some of the pros include its affordable cost of living, rich history, and friendly community. However, some of the cons include its limited job opportunities in certain industries and traffic congestion in certain areas. Overall, Topeka is a great place to live for those who value a small-town feel with big-city amenities.
Is Topeka a good place to live?
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Topeka can be a great place to live for the right person. It offers a unique blend of small-town charm and big-city amenities, and its affordable cost of living makes it an attractive option for families and young professionals. However, it's not for everyone - some people may find it too quiet or limited in terms of job opportunities. Ultimately, whether or not Topeka is a good place to live depends on your individual priorities and preferences.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Topeka KS Commercial Property: $40,826
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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