A method for allowing a mobile station to detect a Location Based Service-Reference Signal (LBS-RS) in a wireless communication system is disclosed. The method includes receiving LBS-RS setup information of at least one target cell participating in location measurement from a serving cell, acquiring a frequency offset value of the target cell using the LBS-RS setup information, and detecting the LBS-RS transmitted from the target cell using the LBS-RS setup information and the frequency offset value. In addition, the method further includes measuring a reception delay time of the detected LBS-RS, and transmitting a reception delay time to the serving cell.