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    Property profile & analytics

    1520 Wakarusa Dr Lawrence, KS 66047

    • Strip malls
    • 35,260 SF
    • 4.79 lot acres
    For Lease
    View listing
    $1,850 /Mo
    Value Estimation
    $1,005,000
    Location Intelligence
    Property ID
    US33-0907863
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Acapulco Mexican Restaurant / Mexican Restaurant
    • True Barre Lawrence / Gym
    • Adolph Interiors / Interior Designer
    • Dr. Matthew Brown / Audiologist
    • Lava Yoga Lawrence / Yoga Studio

    Property Details for 1520 Wakarusa Dr

    Year built
    2003
    Lot size
    4.79 lot acres
    Property size
    35,260 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    112-04-0-10-06-003.00-0
    APU
    1120401006003000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $920,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,300,000
      6.5%
      $1,370,000
      7%
      $1,515,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,405,000
      Geo Method
      $1,190,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,295,000
      Retail
      $1,590,000
      Mixed-Use
      $1,240,000
      Hospitality
      $1,330,000
      Educational
      $1,245,000
      Residential Income
      $1,580,000
      Energy
      $1,315,000
      Income-Based Land
      $1,465,000
      Food Service
      $1,450,000

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.3061
    Latitude
    38.9556
    CBSA code
    29940
    CBSA name
    LAWRENCE, KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $113,048
    $331,248
    $547,553
    $878,801
    -
    $1,324,990
    $2,190,210
    $3,515,200

    Comparable in this City

    • Value Estimation
      $1,195,000
      74,192 SF

      2108 27th St

      SHOPPING CENTER, STRIP CENTER • 74,192 SF
      2108 27th St, Lawrence, KS 66047-3153
      View Details
    • Value Estimation
      $985,000
      33,211 SF

      3514 Clinton Pkwy

      SHOPPING CENTER, STRIP CENTER • 33,211 SF
      3514 Clinton Pkwy, Lawrence, KS 66047-2145
      View Details
    • Value Estimation by Request
      35,751 SF

      3514 Clinton Parkway Ct

      Lifestyle centers • 35,751 SF
      3514 Clinton Parkway Ct, Lawrence, KS 66047
      View Details
    • Value Estimation
      $770,000
      15,490 SF

      2200 31st St

      WHOLESALE OUTLET, DISCOUNT STORE • 15,490 SF
      2200 31st St, Lawrence, KS 66047-3171
      View Details
    • Value Estimation by Request
      2,202 SF

      598 1190th Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,202 SF
      598 1190th Rd, Lawrence, KS 66047-9444
      View Details
    • Value Estimation by Request
      2,100 SF

      2221 31st St

      FINANCIAL BUILDING • 2,100 SF
      2221 31st St, Lawrence, KS 66047-3171
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,281 SF

      Lawrence Office/Retail Property For Sale

      Two buildings near University of Kansas campus, ideal for retail/office.
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      Lawrence Office/Retail Property For Sale

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      80.00 Acres

      395.5 Acres of Rural Land

      Contiguous acreage near Lawrence, KS, ideal for development and recreation.
      1100 N 1100 Rd, Lawrence, KS 66047
      View Details
    • $435,000
      29.00 Acres

      29 Acres Lawrence, KS Land

      Prime Kansas Land: Residential & Agricultural Potential
      29 251 Diagonal Rd, Lawrence, KS 66047
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      Prime Lawrence Office Space

      Spacious Two-Story Office Building, High Potential
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    Similar Nearby for Lease

    • $12 SF/Yr
      6,960 SF

      Retail Space in HyVee Anchored Center

      Retail spaces available in premier West Lawrence location.
      3514 Clinton Pkwy, Lawrence, KS 66047
      View Details
    • $1,850 /Mo
      1,600 SF

      Retail Space Near University of Kansas

      Retail space with open floor plan and ample parking.
      1520 Wakarusa Dr, Lawrence, KS 66047
      View Details
    • Contact for pricing
      5,900 SF

      Stone Hawk Square Retail Spaces

      Lawrence, KS retail spaces available.
      4300 24Th Pl, Lawrence, KS 66047
      View Details
    • $9 SF/Yr
      50,116 SF

      Prime Lawrence Retail Space

      High-traffic retail space, flexible layouts.
      24th Iowa St, Lawrence, KS 66047
      View Details
    • $22 SF/Yr
      5,576 SF

      Prime Lawrence Office Space

      5,576 sq ft Freestanding Office Building
      3500 Clinton Parkway Ct, Lawrence, KS 66047
      View Details
    • $3,600 /Mo
      3,600 SF

      Lawrence Flex Space For Lease

      3,600 SF flex space available for lease.
      4910 Wakarusa Ct, Lawrence, KS 66047
      View Details

    Property Visit Statistics

    • Visits by month
      4.5k
    • Visitors by month
      2.6k
    • Avg Time on site
      20 min
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    Lawrence, KS 66047
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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