Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    972 N Rd Lawrence, KS 66047

    Sponsored
    For Sale
    $199,900

    LAND - Lawrence, KS

    Lot size:
    11.77 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 22 at 7:06 am

    Property Features for 972 N Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CP
    Lot size
    11.77 Acres

    We can help!

    Listing Contact
    ZACH DODSON

    Stephens Real Estate, Inc. (785) 841-4500 [email protected]

    Listing agent ZACH DODSON (785) 841-4500

    Listing date Jan 22, 2026

    MLS# 164867 Listing URL

    Copyright © 2026 Lawrence Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Lawrence, KS: 11.77 Acre Land

    This 11.77-acre property features a mix of timber and pasture, set against the Wakarusa River Valley. Located an easy drive from Lawrence and Clinton Lake via hardtop roads, the land offers a potential escape or a site for country living. A 3-acre build site is available. A soil analysis report indicates the site is suitable for a septic system, though the buyer will need to obtain an official permit. Utilities and a rural water meter are accessible. Over 6.5 acres of woods provide habitat for wildlife and opportunities for hiking trails. The build spot is situated along a private road. The property includes a pond.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.2935
    Latitude
    38.9329

    Nearby Similar for Sale

    • $684,000
      2,728 SF

      Clock House Farm Estate

      Unique farm estate with a prominent clock tower feature.
      417 Highway 40 West, Lawrence, KS 66049
      View Details
    • $270,000
      3,623 SF

      Unique Investment Property Near Lawrence

      Multi-family property with income potential near Lawrence, Kansas.
      25388 Chieftain Rd, Lawrence, KS 66044
      View Details
    • $270,000

      Unique Investment Property Near Lawrence

      Investment opportunity with income potential near Lawrence, Kansas.
      25388 Chieftain Rd, Lawrence, KS 66044
      View Details
    • New
      $450,000
      2,496 SF

      Updated Duplex in Lawrence, Kansas

      Updated duplex with four bedrooms and two bathrooms per unit.
      1809-1811 W 4Th St, Lawrence, KS 66044
      View Details
    • $450,000
      0.17 Acres

      Lawrence Duplex with Updated Features

      Updated duplex near downtown and KU, great investment opportunity.
      1809-1811 W 4Th St, Lawrence, KS 66044
      View Details
    • New
      $649,900
      2,884 SF

      Lawrence Fourplex Investment Opportunity

      Four-unit multifamily property near campus, fully rented, potential income growth.
      1741 Tennessee St, Lawrence, KS 66044
      View Details
    • $880,000
      0.92 Acres

      Profitable Market and Building For Sale

      Profitable market and building for sale in Lawrence, Kansas.
      530 Colorado St, Lawrence, KS 66044
      View Details
    • $582,000
      3,667 SF

      Luxury Townhome with Golf Course Views

      Spacious 4BR townhome with high-end finishes and golf course views.
      1908 Crossgate Dr, Lawrence, KS 66047
      View Details
    • $1,640,000
      2,952 SF

      Lawrence Retail Building For Sale

      NNN leased retail investment opportunity in downtown Lawrence, Kansas.
      8 W 8Th St, Lawrence, KS 66044
      View Details
    • $249,000
      1,698 SF

      Charming Townhome with Finished Basement

      Two-bedroom townhome with sunroom, finished basement, and backyard patio.
      1439 Applegate Ct, Lawrence, KS 66049
      View Details
    • $255,000
      1,320 SF

      Move-In Ready Lawrence Home

      Open floor plan, updated kitchen, and convenient location in Lawrence.
      5245 Overland Dr, Lawrence, KS 66049
      View Details
    • Contact for pricing
      63,912 SF

      Downtown Lawrence Redevelopment Opportunity

      Premier downtown location with redevelopment potential and strong tenants.
      900 Massachusetts St, Lawrence, KS 66044
      View Details

    FAQs

    What type of property is this?
    Land - 11.77 acres of timber and pasture near Lawrence, Kansas.
    Where is this land located?
    The property is located at 972 N Rd Lawrence, KS.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - 11.77 acres of timber and pasture land in the Wakarusa River Valley.; - **3-acre build site with soil analysis report deeming it ready for a septic system.**; - Easy access to Lawrence and Clinton Lake via hardtop roads.
    (785) 841-4500
    Request Owner's contact information
    972 N Rd Lawrence, KS 66047
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    972 N Rd
    Lawrence, KS 66047
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    972 N Rd Lawrence, KS 66047
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    ZACH DODSON
    (785) 841-4500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.