Property profile

1800 E 23Rd St Lawrence, KS 66046

FOR LEASE
Community centers
Property ID
US33-0898719
48,786 SF 4.86 ac lot Built 1999
Entity Owned 7-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service
  • Cafe & Coffee Shop Bar & Pub
  • Training Center Sports School
  • Plumbing Service General Contractor
  • Discount Store

Location

1800 E 23Rd St Lawrence, KS 66046
Lawrence metro Census 201 LAWRENCE, KS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.29M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$1.29M

Owner & transaction history

since 2019
1 recorded transaction
2019
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message