510 Wakarusa Dr Lawrence, KS 66049
82-room hotel near University of Kansas in Lawrence, Kansas.
Property Features for 510 Wakarusa Dr
General Information
- Standard status
- Active
- Size
- 38,094 SF
- Lot size
- 2.10 Acres
- Property subtype
- Hospitality
Building Details
- Year Built
- 2017
Listing office BSG Hotels Limited
Listing date Mar 6, 2026
Source Crexi
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 BSG Hotels Limited
Investment Insights
Based on property information with market context.
Key Highlights
- High‑performing Tru by Hilton hotel with 82 rooms, offering strong cash flow potential.
- Prime location in Lawrence, Kansas, near the University of Kansas (KU), Kansas City, Rock Chalk Park, and Clinton Lake.
- Value‑add opportunity in a rapidly expanding city with excellent demographics and steady market growth.
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $571.4k | $15.00 |
| − Vacancy | −$71.4k | −$1.88 |
| EGI | $500.0k | $13.13 |
| − OpEx | −$262.5k | −$6.89 |
| NOI | $237.5k | $6.23 |
