Property profile

1321 Wakarusa Dr Lawrence, KS 66049

OFF-MARKET
Office buildings
Property ID
US33-0901524
10,941 SF 1.58 ac lot Built 1987
Entity Owned Absentee Owner ~ Est. High Equity
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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

Location

1321 Wakarusa Dr Lawrence, KS 66049-3999
Lawrence metro Census 602 LAWRENCE, KS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.42M
Blend (final) Blend
$660k

Owner & transaction history

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

Top alternative use upside
Restaurant $1.7M +71.2%
Commercial (general) $1.2M +19.6%
Medical building $1.2M +15.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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