2531 Iowa St Lawrence, KS 66046-4042
Property profile & analytics
2531 Iowa St, Lawrence, KS 66046-4042
- Industrial properties
- 0.43 lot acres
Property ID
US33-1545693
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.
Location Intelligence
Current Use by Public Records
- Dutch Bros Coffee / Specialty Food Shop / (Bike/Boat/Book/etc) Store
Property Details for 2531 Iowa St
- Lot size
- 0.43 lot acres
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 111-11-0-10-05-001.02-0
- APU
- 1111101005001020
Description
This exceptional investment opportunity presents a brand-new, 950-square-foot Dutch Bros Coffee (NYSE: BROS) located at 2531 Iowa St, Lawrence, KS 66046. The property boasts a 15-year absolute triple-net (NNN) lease with a corporate guarantee, ensuring consistent cash flow. Ten percent rent increases are built into the lease every five years, providing significant long-term growth potential. Constructed in 2024, this high-quality building features a drive-thru, capitalizing on the convenience-driven coffee market. Situated on a 0.43-acre lot, the property benefits from excellent visibility on Iowa Street, a thoroughfare with 27,500 vehicles daily. The strong demographics of the area, including 97,467 residents within a 5-mile radius and proximity to the University of Kansas (less than one mile away, with over 30,000 students), contribute to exceptional tenant performance. The property's Net Operating Income (NOI) is $154,000, yielding a 5.75% cap rate. The lease includes multiple renewal options, further enhancing the long-term value of this investment. This is a rare opportunity to acquire a high-performing, nationally branded asset in a thriving market. The asking price is $2,678,200.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lawrence
- County
- Douglas
- State
- Kansas
- Longitude
- -95.2609
- Latitude
- 38.9374
- 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
2023
$15,541
$141,425
$6,813
$148,238
-
$565,700
$27,250
$592,950
