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4640 W 27th St 6,000 SF Specialty Building Offered at $1,100,000 at a 9.45% Cap Rate in Lawrence, KS 66047


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 | $1,100,000 | Building Class | B |
| Price Per SF | $183.33 | Lot Size | 1.28 AC |
| Sale Type | Investment or Owner User | Building Size | 6,000 SF |
| Cap Rate | 9.45% | No. Stories | 1 |
| Sale Condition | Building in Shell Condition | Year Built/Renovated | 1999/2021 |
| Property Type | Specialty | Parking Ratio | 4.17/1,000 SF |
| Property Subtype | School | ||
| Zoning | Commercial & Industrial - - Commercial & Industrial - C | ||
| Price | $1,100,000 |
| Price Per SF | $183.33 |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.45% |
| 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
1 1
Property Taxes
| Parcel Number | 023-112-09-0-10-09-016.00-0 | Total Assessment | $211,625 (2025) |
| Land Assessment | $63,820 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $147,805 (2025) | Tax Year | 2023 |
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
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Presented by
Ryther Properties LLC
4640 W 27th St
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