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4640 W 27th St 6,000 SF Specialty Building Offered at $1,155,000 at a 9% Cap Rate in Lawrence, KS 66047

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INVESTMENT HIGHLIGHTS

  • Large fenced in lot. Playground equipment.
  • Easy access to K-10 Bypass
  • New Roof, HVAC interior paint, flooring and kitchen appliances

EXECUTIVE SUMMARY

New interior paint and flooring new kitchen appliances. Roof replaced less than 4 years ago. All HVAC inspected and serviced in June of 2024 Building is currently under a 5 year lease with option to renew or for an additional 5 years 02/01/2030. Annual gross income $99,360.00

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Price $1,155,000
Price Per SF $192.50
Sale Type Investment or Owner User
Cap Rate 9%
Sale Condition Building in Shell Condition
Property Type Specialty
Property Subtype School
Building Class B
Lot Size 1.28 AC
Building Size 6,000 SF
No. Stories 1
Year Built/Renovated 1999/2021
Parking Ratio 4.17/1,000 SF
Zoning Commercial & Industrial - - Commercial & Industrial - C

AMENITIES

  • Bus Line
  • Wheelchair Accessible
  • PATH
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
023-112-09-0-10-09-016.00-0
Land Assessment
$63,820 (2025)
Improvements Assessment
$147,805 (2025)
Total Assessment
$211,625 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
  • Listing ID: 31644596

  • Date on Market: 4/29/2024

  • Last Updated:

  • Address: 4640 W 27th St, Lawrence, KS 66047

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