Food-Grade Manufacturing
For Sale
Contact for pricing
2205 Haskell Ave, Lawrence, KS 66046
Production building with 3-phase power, dock access, offices, and employee parking.
Property Size7,788 SF
Price / SF$114.92
Days on Market161
Property Features for 2205 Haskell Ave
General Information
Standard status
Active
Size
7,788 SF
Property subtype
Industrial, Mixed Use
Zoning
IG
Warehouse & Industrial
Dock-High Doors
1
Power
200 amps
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1951
Year Renovated
2013
Buildings
1
Stories
1
Listing Agency:
Foundations Commercial Real Estate
(785) 766-6568
Listed By:
Kirsten Flory · License #SP00220332
Source:
Crexi
Added: Mar 24
Changed: Aug 30
Last Checked: Aug 30 at 10:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Foundations Commercial Real Estate
Investment Insights
Based on property information with market context.
The 7,788-square-foot manufacturing facility supports food-grade production and includes dedicated office space, secure access, a dock door, and employee parking. Built in 1951, the building is equipped with 3-phase power and 200-amp electrical service, with IG zoning supporting its industrial setting.
The property is located at 2205 Haskell Ave in Lawrence, Kansas, just north of 23rd and Haskell. Its position provides access to K-10 Highway and places the facility within an established commercial area. The combination of production space, utility capacity, loading access, and office support creates a functional layout for manufacturing operations.
The property is located at 2205 Haskell Ave in Lawrence, Kansas, just north of 23rd and Haskell. Its position provides access to K-10 Highway and places the facility within an established commercial area. The combination of production space, utility capacity, loading access, and office support creates a functional layout for manufacturing operations.
Key Highlights
- 7,788‑square‑foot food‑grade production facility
- 3‑phase power with 200‑amp electrical service
- Dock door and secure access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,214
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,044,280
$1.0M
Cap Rate 7%
$745,914
$745.9K
Cap Rate 9%
$580,156
$580.2K
Market Conditions
NOI Build-Up for 7,788 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.4K $10.20/SF
− Vacancy
−$4.8K −$0.62/SF
EGI
$74.6K $9.58/SF
− OpEx
−$22.4K −$2.87/SF
NOI
$52.2K $6.70/SF
Area
Douglas County, KS
Vacancy
6.10%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,044,280
Cap Rate 7%
$745,914
Cap Rate 9%
$580,156
Alternative Uses
Best Use
Flex RnD
$1.59M
$1.39M – $1.85M
NOI $111,230 @ 7.0% cap · market cap 12.43%
Second Best
Industrial
$745.9K
$652.7K – $870.2K
NOI $52,214 @ 7.0% cap · market cap 5.83%
Theoretical Best
Retail
$2.29M
$2.01M – $2.67M
NOI $160,426 @ 7.0% cap · market cap 17.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 66046, KS
19,903
Population
9,452
Households
2.1
Avg Household Size
31
Median Age
46%
College-Educated
96%
High-School Grad
40.8 sq mi
ZIP Area
488
Density / Sq Mi
$58,798
Median Household Income
$31,546
Median Earnings
$937
Median Rent
$217,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Production building with 3-phase power, dock access, offices, and employee parking.
Where is this manufacturing property located?
The property is located at 2205 Haskell Ave Lawrence, KS.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 7,788‑square‑foot food‑grade production facility; 3‑phase power with 200‑amp electrical service; Dock door and secure access
