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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Retail space
2400 Franklin Rd Lawrence, KS 66046-8223
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US33-0896849
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Total area
6,900 SF
Lot
10.54 ac (459,122 SF)
APN
102-09-0-00-00-002.00-0
UPID
US33-0896849
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
-
Ruff Ends Hair Salon Nail Salon
-
Ace Bail Bonds, Inc. Law Firm
-
BridgePoint Community Supports Social Service Agency
-
Custom Window Tinting by TC Interior Design Auto Repair Shop
-
Kutz Family Hair Care Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$995k
Blend (final)
Blend
$840k
Owner & transaction history
2400 Franklin LLC · 4 yrs held
2400 Franklin LLC
since 2022
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+64.5%
Commercial (general)
$760,000
+14.4%
Medical building
$730,000
+10.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lawrence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrence submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$665,000
Current use
RESTAURANT
$1,090,000
Change: +65% · Conversion: Easy
COMMERCIAL (GENERAL)
$760,000
Change: +14% · Conversion: Easy
MEDICAL BUILDING
$730,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$680,000
Change: +2% · Conversion: Easy
AUTO REPAIR, GARAGE
$550,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$122 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$74,072
Tax year 2023
Assessed value
$565,627
Assessed 2023
Previous assessed
$565,627
+0.0% YoY
Effective rate
13.10%
On assessed value
Assessed land
$56,790
Assessed improvement
$508,837
Land market value
$233,460
Improvement market value
$2,073,540
Total market value
$2,307,000
Applied tax rate
41.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
1
Bathrooms
1
Total area
6,900 SF
Lot
10.54 ac (459,122 SF)
APN
102-09-0-00-00-002.00-0
UPID
US33-0896849
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$665,000
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$760,000
MEDICAL BUILDING
Est. value
$730,000
OFFICE BUILDING
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$550,000
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
1
Bathrooms
1
Lot
10.54 ac
Current owner
From public records · entity-resolved
2400 Franklin LLC
Entity
Mailing address
2037 W CARROLL AVE, CHICAGO, IL 60612-1601
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
—
2400 Franklin LLC
Ace Self Sotrage LLC
Warranty Deed
$2,500,000 · First Merchants Bank NA
Nov 1, 2017
—
Ace Self Storage LLC
—
Deed
related
$1,690,000 · First State Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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