Property profile

1420 Wakarusa Dr Lawrence, KS 66049

OFF-MARKET
Office buildings
Property ID
US33-0480518
7,076 SF 1.58 ac lot Built 2002
Individually Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional executive office suite, located at 1420 Wakarusa Dr, Lawrence, KS 66049, offers 600 square feet of meticulously designed workspace. Situated within a larger 13,352 square foot building constructed in 2002, this single-tenant space is perfect for a discerning business seeking a professional and efficient environment. The building is located in Douglas County and offers easy access to Lawrence's vibrant business community. The suite itself is ideal for a small team or individual executive requiring a dedicated and private office space. The building's modern design and construction ensure a comfortable and productive work environment. This is a single-tenant occupancy, providing privacy and control over the space. The address is easily accessible, offering convenient access for clients and employees alike. This is a rare opportunity to secure a high-quality executive office suite in a desirable Lawrence location. The space is ready for immediate occupancy, allowing for a seamless transition for your business. Don't miss this chance to establish your presence in a prime Lawrence business address. Inquire today to schedule a viewing and secure this exceptional office space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2002
Total area 7,076 SF
Lot 1.58 ac (68,825 SF)
APN 068-33-0-40-07-003.12-0
UPID US33-0480518

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Crisis Center Medical Clinic
  • Medical Clinic
  • Real Estate Agency
  • Employment Agency
  • Nursing Home

Location

1420 Wakarusa Dr Lawrence, KS 66049-3909
Lawrence metro Census 701 LAWRENCE, KS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$585k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.1M +71.2%
Commercial (general) $780,000 +19.6%
Medical building $750,000 +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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