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Property profile & analytics
FOR LEASE
Community centers

1800 E 23Rd St Lawrence, KS 66046

48,786 SF 4.86 ac lot Built 1999
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US33-0898719
Property summary
AI-generated overview

This exceptional retail investment opportunity is located at 1800 E 23rd St, Lawrence, KS 66046, within the thriving Douglas County market. The property, known as 10 Marketplace, is a well-maintained strip center totaling 56,443 square feet, originally constructed in 1999. Currently, there are several spaces available, ranging from a minimum of 850 square feet to a maximum contiguous space of 2,290 square feet. A significant portion of 7,272 square feet is currently vacant, presenting a substantial opportunity for immediate occupancy or lease-up. The flexible space allows for a variety of retail uses, catering to diverse business needs. The property's strategic location on E 23rd St ensures high visibility and accessibility, attracting a substantial customer base. The available space includes a former 15,128 square foot call center, offering a unique layout adaptable to various retail configurations. This property represents a compelling investment prospect in a dynamic and growing market. The minimum divisible space is 850 square feet, making it suitable for smaller businesses, while the larger contiguous spaces cater to businesses requiring more extensive footprints. This prime retail location offers a blend of established infrastructure and significant growth potential.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1999
Total area 48,786 SF
Lot 4.86 ac (211,702 SF)
APN 103-05-0-40-01-007.01-0
UPID US33-0898719
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
  • Subway Take-out & Catering Catering Service
  • Z's Divine Espresso Cafe & Coffee Shop Bar & Pub
  • Prime Martial Arts Training Center Sports School
  • Roto-Rooter Plumbing & Water Cleanup Plumbing Service General Contractor
  • Salvation Army Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.29M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$1.21M
Owner & transaction history
Chp Investments LLC · 7 yrs held
Chp Investments LLC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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