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Property profile & analytics
OFF-MARKET Estimated value $665,000
Grocery and convenience stores

1420 Kasold Dr Lawrence, KS 66049-3424

6,971 SF 1.03 ac lot Built 1989
Entity Owned Absentee Owner Free & Clear
Property ID
US33-0907329
Property summary
AI-generated overview

This thriving salon, Salon Renew, presents a fantastic opportunity for an owner-user or expansion-minded business. Located at 1420 Kasold Dr, Lawrence, KS 66049, this 1,050 square foot commercial space is currently configured for optimal salon operations. The property boasts six salon stations, two pedicure stations, and one nail tech station, all ready for immediate use. The business has been successfully operating at this location since 2012, and the space underwent renovations in that year. The property is zoned for commercial use and is offered at an attractive asking price of $36,850. The sale includes a modified lease agreement, with an occupancy date of December 1st, 2024. The current owner is motivated to sell quickly and is offering a unique incentive: they are willing to either rent the nail tech station or provide 30 days of transition training to ensure a smooth handover. This presents a remarkable opportunity for a new entrepreneur to step into a ready-made business or for an existing salon to expand its reach. A detailed offering memorandum is available upon request, providing further insights into the financial performance and operational details of Salon Renew. This is a truly affordable opportunity to acquire a well-established and profitable business in a prime location.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1989
Construction FRAME
Total area 6,971 SF
Lot 1.03 ac (44,867 SF)
APN 067-35-0-30-07-003.00-0
UPID US33-0907329
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
Current use
Occupant on record · Public records
  • Shelter Insurance - Lance Wollesen Insurance Agency
  • Shelter Insurance - Brett Schneider Insurance Agency
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Cardtronics ATM Atm
  • Kwik Shop Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$525k
CAP Approach CAP
by Request
Comparable Approach Comparable
$811k
Blend (final) Blend
$665k
Owner & transaction history
NOLLID WEST PARTNERSHIP
NOLLID WEST PARTNERSHIP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.1M +267.8%
Commercial (general) $765,000 +157.0%
Medical building $740,000 +147.9%
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