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Property profile & analytics
FOR LEASE
Strip malls
4931 W 6Th St Lawrence, KS 66049
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US33-0842220
For Lease
1 / 2
$18 SF/Yr
4931 W 6Th St, Lawrence, KS 66049
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Property summary
AI-generated overview
Wakarusa Crossroads, located at 4931 W 6th St, Lawrence, KS 66049, offers a fantastic opportunity for businesses seeking high-visibility office space. This Class C property, built in 2000, is a single-building retail and office complex totaling 46,709 square feet, situated on a one-acre lot. The property boasts a convenient location with excellent access from W 6th St and Congressional Dr in Douglas County, Kansas. Currently, 1,790 square feet of traditional or executive office space is immediately available, representing a minimum divisible unit. The building features multiple tenants, creating a vibrant and collaborative environment. The property's retail component ensures high foot traffic and excellent visibility from a major thoroughfare. This is an ideal space for businesses seeking a well-located, functional office space in a thriving commercial area. The available space is ready for immediate occupancy. Interested parties should inquire about lease terms and conditions. The property's address is easily accessible and offers ample parking.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
47,526 SF
Lot
5.59 ac (243,500 SF)
APN
068-33-0-20-01-002.01-0
UPID
US33-0842220
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
-
Pella Windows & Doors of Lawrence Hardware & Home Improvement Interior Design
-
Salty Iguana Restaurant
-
Six Mile Chop House and Tavern Restaurant
-
Massage Envy Alternative Medicine Practice Spa & Massage Center
-
Pro Print in Lawrence (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.91M
Owner & transaction history
Condor Investments INC · 15 yrs held
Condor Investments INC
since 2010
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.1M
+52.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,035,000
Current use
WAREHOUSE, STORAGE
$3,100,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±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
$40 / 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
$252,204
Tax year 2023
Assessed value
$1,923,375
Assessed 2023
Previous assessed
$1,923,375
+0.0% YoY
Effective rate
13.11%
On assessed value
Assessed land
$903,030
Assessed improvement
$1,020,345
Land market value
$3,612,120
Improvement market value
$4,081,380
Total market value
$7,693,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2000
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
47,526 SF
Lot
5.59 ac (243,500 SF)
APN
068-33-0-20-01-002.01-0
UPID
US33-0842220
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
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
2000
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
5.59 ac
Current owner
From public records · entity-resolved
Condor Investments INC
Entity
Mailing address
1410 KASOLD DR STE A18, LAWRENCE, KS 66049-3428
Ownership since
2010
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
Jun 8, 2021
—
Colleboralive Ventures LLC
—
Deed
related
$520,960 · Union Bank & Trust Co
Dec 13, 2010
—
Condor Investments INC
Woodlands Commercial Holdings INC
Special Warranty Deed
$3,250,000 · Pinnacle Bank
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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