Topeka, KS
Commercial Real Estate Market Trends & Data

$128 Avg asking sale price
$56,819 Avg asking lease rate
106,608 SF Avg unit lease size
15,673 SF Avg building size for sale
7.74% Average cap rate

Topeka's Demographic Profile

Topeka has 54,299 households and a median income of $49,483, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 128,154
# Households 54,299
Median age 39
Median household income $49,483
Avg household size 2.0
Renter-occupied housing units 24,659
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Topeka, KS

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Lawrence $112 44,193 SF 10.00%
Wellsville $120 3,297 SF 7.52%
Nearby Retail Markets Avg Cost/SF Typical Size
Topeka $203 11,188 SF
Silver Lake $155 3,000 SF
Maple Hill $82 6,400 SF
Perry $27 14,634 SF
Lawrence $279 9,319 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Ottawa $123 36,614 SF 5.50%
Basehor $127 10,608 SF 7.40%
Leavenworth $147 63,215 SF 7.42%

Commercial Properties For Sale in Topeka

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Pizza Hut

Topeka, KS 66611

  • 5,931 SF Retail Building
  • $1,100,000
For Sale

Walgreens | Topeka, KS

Topeka, KS 66612

  • 12,928 SF Retail Building
  • 9.50% Cap Rate
  • $2,672,000
For Sale

FedEx

Topeka, KS 66609

  • 20,139 SF Industrial Building
  • $1,850,000
For Sale

North Topeka Riverfront Redevelopment Site

Topeka, KS 66608

  • 2.41 AC Lot
  • 1 Commercial Lot
  • $625,000
For Sale

Interstate 70 Downtown Topeka Development Sit

Topeka, KS 66603

  • 2.54 AC Lot
  • 1 Commercial Lot
  • $820,000
For Sale

Topeka CBD Mixed-Use Development Opportunity

Topeka, KS 66603

  • 0.69 AC Lot
  • 1 Commercial Lot
  • $215,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Topeka pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Topeka $128 15,673 SF
Silver Lake $155 3,000 SF
Tecumseh $26 9,600 SF

Regional Demographic Comparison

This comparison places Topeka alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Topeka or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Silver Lake 1,269 520 40 $49,181 2 167 -3%
Wakarusa 261 110 50 $74,999 2 11 -3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Topeka, KS and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Topeka

View All Commercial Real Estate For Sale in Topeka
Is Topeka a good market for a first-time commercial real estate investor?

Topeka offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Topeka?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Topeka. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Topeka?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Topeka. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Topeka compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Topeka. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Topeka acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Topeka, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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