You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
OFF-MARKET Estimated value $1,585,000
Office buildings

1321 Wakarusa Dr Lawrence, KS 66049-3999

10,941 SF 1.58 ac lot Built 1987
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US33-0901524
Property summary
AI-generated overview

This exceptional 13,686-square-foot office building, located at 1321 Wakarusa Drive in Lawrence, Kansas, presents a unique opportunity for a single tenant. Situated on a spacious 68,886-square-foot lot within the IB P (Industrial Business Park) zoning of Douglas County, this property boasts a wealth of recent upgrades. A complete interior remodel was undertaken in 2013, enhancing its contemporary office layout. Natural light floods the space, complemented by multiple small offices, modern conference room furnishings, and comfortable seating in the lobby, lounge, and break areas. The building's infrastructure is robust, featuring a new roof (2012), a completely resurfaced parking lot (2013), and HVAC unit replacements in 2016. A well-equipped server room includes multiple server cages, a Liebert cooling tower, and a backup generator, ensuring business continuity. The property's comprehensive wiring makes it ideally suited for a technology-focused company. Built in 1987, this single-tenant building offers immediate occupancy in a desirable Lawrence location, zip code 66049. The property's modern design and extensive recent improvements provide a turnkey solution for a discerning office user.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1987
Construction FRAME
Total area 10,941 SF
Lot 1.58 ac (68,825 SF)
APN 068-33-0-30-01-007.00-0
UPID US33-0901524
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.42M
Blend (final) Blend
$1.59M
Owner & transaction history
Nnewsome Development And Investment
Nnewsome Development And Investment
since 2026
6 recorded transactions
2026
Price N/A
2019
Price N/A
2019
Price N/A
2015
Price N/A
2012
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.7M +71.2%
Commercial (general) $1.2M +19.6%
Medical building $1.2M +15.4%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1321 Wakarusa Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
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