Technical
Financial
Distress signals
Property profile

1520 Wakarusa Dr Lawrence, KS 66047

OFF-MARKET
Strip malls
Property ID
US33-0907863
35,260 SF 4.79 ac lot Built 2003
Entity Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a retail space constructed in 2003 with an open floor plan. It includes abundant natural light, two restrooms, and a dedicated storage area. The space is 1,600 square feet and is located about two miles from the University of Kansas, which has a student population exceeding 26,000. The zoning classification is M-2, and the property is positioned with direct access to K-10 and I-70. Parking is available on-site, totaling 231 spaces.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2003
Total area 35,260 SF
Lot 4.79 ac (208,652 SF)
APN 112-04-0-10-06-003.00-0
UPID US33-0907863

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
  • Restaurant
  • Gym & Fitness Center
  • Interior Design Home Decor Store
  • Physician
  • Gym & Fitness Center

Location

1520 Wakarusa Dr Lawrence, KS 66047-1802
Lawrence metro Census 797 LAWRENCE, KS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$920k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$920k

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

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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