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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Motels
801 Iowa St Lawrence, KS 66044-1744
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US33-0879458
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1971
Construction
FRAME
Total area
11,728 SF
Lot
1 ac (43,560 SF)
APN
067-35-0-10-01-001.00-0
UPID
US33-0879458
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$865k
Owner & transaction history
Phoenix Star LLC · 2 yrs held
Phoenix Star LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$605,000
CAP Approach
CAP Return
Estimation
6%
$1,220,000
6.5%
$1,125,000
7%
$1,045,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,245,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,200,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,090,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$870,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$845,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$74 / 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
$36,021
Tax year 2023
Assessed value
$274,703
Assessed 2023
Previous assessed
$274,703
+0.0% YoY
Effective rate
13.11%
On assessed value
Assessed land
$130,885
Assessed improvement
$143,818
Land market value
$523,540
Improvement market value
$575,270
Total market value
$1,098,810
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1971
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
67
Total area
11,728 SF
Lot
1 ac (43,560 SF)
APN
067-35-0-10-01-001.00-0
UPID
US33-0879458
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
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$870,000
WAREHOUSE, STORAGE
Est. value
$845,000
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1971
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
67
Lot
1 ac
Current owner
From public records · entity-resolved
Phoenix Star LLC
Entity
Mailing address
801 IOWA ST, LAWRENCE, KS 66044-1744
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2025
—
Phoenix Star LLC
—
Deed
related
$1,770,900 · Bank Midwest
Oct 7, 2025
—
Phoenix Star LLC
—
Deed
related
$700,000 · Bank Midwest
Jul 16, 2024
—
Phoenix Star LLC
—
Deed
related
$500,000 · Bank Midwest
Jun 28, 2024
—
Phoenix Star LLC
Jnn Enterprises LLC
Warranty Deed
$4,722,400 · Bank Midwest
Apr 24, 2023
—
Jnn Enterprises LLC
—
Deed
related
$1,801,497 · Truity FCU
Mar 16, 2018
—
Jnn Enterprises LLC
—
Deed
related
$270,000 · Meritrust Cu
Feb 26, 2007
—
Jnn Enterprises LLC
S & B Motels INC
Corporation Deed
$1,104,250 · Great Southern 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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