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    Property profile & analytics

    508 Locust St Lawrence, KS 66044-5442

    • Retail space
    • 2,704 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 17, 2020
    Location Intelligence
    Property ID
    US33-0716698
    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.

    Current Use by Public Records

    • Elmo’s Tavern / Bar

    Property Details for 508 Locust St

    Year built
    1951
    Lot size
    0.25 lot acres
    Property size
    2,704 SF
    Property type
    Retail space
    APN
    079-30-0-40-05-007.00-0
    APU
    793004005007000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.2283
    Latitude
    38.9776
    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
    $8,913
    $18,450
    $49,125
    $67,575
    -
    $73,800
    $196,500
    $270,300

    Comparable in this City

    • Value Estimation by Request
      17,190 SF

      1001 Massachusetts St

      Individual retail properties • 17,190 SF
      1001 Massachusetts St, Lawrence, KS 66044
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    • Value Estimation by Request
      14,113 SF

      1004 Massachusetts St

      Individual retail properties • 14,113 SF
      1004 Massachusetts St, Lawrence, KS 66044
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    • Value Estimation by Request
      11,540 SF

      1012 Massachusetts St

      RETAIL STORES (PERSONAL SERVICES) • 11,540 SF
      1012 Massachusetts St, Lawrence, KS 66044-2922
      View Details
    • Value Estimation by Request
      1,824 SF

      814 Iowa St

      RETAIL STORES (PERSONAL SERVICES) • 1,824 SF
      814 Iowa St, Lawrence, KS 66044-1783
      View Details
    • Value Estimation by Request
      3,985 SF

      843 Massachusetts St

      RETAIL STORES (PERSONAL SERVICES) • 3,985 SF
      843 Massachusetts St, Lawrence, KS 66044-2657
      View Details
    • Value Estimation by Request
      9,103 SF

      1215 6th St

      RETAIL STORES (PERSONAL SERVICES) • 9,103 SF
      1215 6th St, Lawrence, KS 66044-2218
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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    508 Locust St
    Lawrence, KS 66044-5442
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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