Industrial Office and
450 N Iowa St Lawrence, KS 66044
450 N Iowa St, Lawrence, KS, 66044
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For Sale
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Two-building property with a metal-on-steel office/warehouse setup and 40-stall parking on 1.16 acres.
Property Size11,000 SF
Price / SF$89.91
Days on Market362
Property Features for 450 N Iowa St
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Property subtype
- INDUSTRIAL
Properties For Sale
at 450 N Iowa St Contact us
Listing agency
Colliers | Lawrence
(785) 865-3924
Listed by
Allison Moore, SIOR
Source
Moodyscre
Added: Jul 25, 2025 Updated: Jul 21 at 4:43AM Checked: Jul 21 at 4:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Lawrence
Investment Insights
Based on property information with market context.
This two-building industrial property includes an office building and a warehouse building constructed on a metal-on-steel frame. Building 1 contains office space, with Suites A and B available for lease at approximately 1,350 SF and 4,050 SF, respectively. Building 2 is a warehouse of approximately 5,600 SF and is currently 100% occupied, with lease expirations of 12/31/2026 for Suite A and 3/31/2027 for Suite B.
The property offers 40 parking stalls and sits on a 1.16-acre site. Highway access is approximately one-quarter mile to I-70. The property is zoned PCD.
Construction updates are noted for the year built 2000, with updates completed in 2014, 2019, and 2023.
The property offers 40 parking stalls and sits on a 1.16-acre site. Highway access is approximately one-quarter mile to I-70. The property is zoned PCD.
Construction updates are noted for the year built 2000, with updates completed in 2014, 2019, and 2023.
Key Highlights
- Two‑building office/warehouse property totaling 11,000 SF on 1.16 acres with metal‑on‑steel construction
- Building 1 (office) is 5,400 SF with suites available: 1,350 SF for $2,150/month and 4,050 SF for $4,500/month plus utilities
- Building 2 (warehouse) is 5,600 SF and 100% occupied, with lease expirations of 12/31/2026 and 3/31/2027
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.2k | $10.20 |
| − Vacancy | −$6.8k | −$0.62 |
| EGI | $105.4k | $9.58 |
| − OpEx | −$15.8k | −$1.44 |
| NOI | $89.6k | $8.14 |
11,000 SF · lease $10.20/SF/yr · vacancy 6.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.34M
$2.05M – $2.73M
NOI $164,092 @ 7.0% cap · market cap 16.59%
Second Best
Flex RnD
$2.24M
$1.96M – $2.62M
NOI $157,104 @ 7.0% cap · market cap 15.89%
Theoretical Best
Retail
$3.24M
$2.83M – $3.78M
NOI $226,590 @ 7.0% cap · market cap 22.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AeroVironment, Inc.
Corporate Office
Rotech Inc
Clothing Store
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FAQs
What type of property is this?
Warehouse - Two-building property with a metal-on-steel office/warehouse setup and 40-stall parking on 1.16 acres.
Where is this warehouse located?
The property is located at 450 N Iowa St Lawrence, KS.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Two‑building office/warehouse property totaling 11,000 SF on 1.16 acres with metal‑on‑steel construction; Building 1 (office) is 5,400 SF with suites available: 1,350 SF for $2,150/month and 4,050 SF for $4,500/month plus utilities; Building 2 (warehouse) is 5,600 SF and 100% occupied, with lease expirations of 12/31/2026 and 3/31/2027
