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    2240 Wakarusa Dr Lawrence, KS 66047

    For Sale
    $2,100,000

    Approved site for 16,000+ sqft building, high-traffic intersection.

    Lot size:
    2.83 Acres

    Property Features for 2240 Wakarusa Dr

    General Information

    Lot size
    2.83 Acres

    Source: Block & Company, Inc. Agent Phil Peck, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Ready for Development

    This site is approved and ready for construction, with the owner open to either selling the land or offering a build-to-suit arrangement. The property is approved for a building exceeding 16,000 square feet. Situated at an intersection with a daily traffic volume of over 28,000 vehicles, the location benefits from high visibility. The zoning is PCD. Improvements to Wakarusa Drive are scheduled for completion in 2023.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Pharmacy Gym & Fitness Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.3063761
    Latitude
    38.9436811

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    FAQs

    What type of property is this?
    Land - Approved site for 16,000+ sqft building, high-traffic intersection.
    Where is this land located?
    The property is located at 2240 Wakarusa Dr Lawrence, KS.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - Site approved and ready to build; - Approved for 16,000+ sq ft building; - High traffic intersection (28,000+ cars per day)
    (816) 753-6000
    Request Owner's contact information
    2240 Wakarusa Dr Lawrence, KS 66047
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    Lawrence, KS 66047
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    Realmo Value Estimation

    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.

    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.

    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
    2240 Wakarusa Dr Lawrence, KS 66047
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