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    1101 Indiana St Lawrence, KS 66044

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    For Lease
    Contact for pricing

    Modern office suites near KU campus. Multiple sizes available.

    Lot size:
    6,188 SF

    Property Features for 1101 Indiana St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,188 SF

    Building Details

    Year Built
    2015
    Stories
    7

    Spaces For Lease

    at 1101 Indiana St, Lawrence, KS 66044 Contact us
    Unit Suite 302

    $18 /Mo

    Size
    2,213 SF
    Contact us
    Unit Suite 301

    $18 /Mo

    Size
    1,678 SF
    Contact us
    Unit Suite 102

    $18 /Mo

    Size
    1,102 SF
    Contact us
    Unit Suite 502

    $18 /Mo

    Size
    1,195 SF
    Contact us

    We can help!

    Listing Contact
    Kirsten Flory
    Kirsten Flory

    Listing Agency: Foundations Commercial Real Estate Listing Agent: Kirsten Flory

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Lawrence, Kansas property, located at 1101 Indiana Street, offers a unique opportunity for businesses seeking vibrant office space. Situated within the HERE, a luxury mixed-use development, this seven-story building boasts a prime location adjacent to the University of Kansas football stadium and conference center redevelopment. The building was constructed in 2015 and is zoned MU-PD-UC. The available spaces are categorized as Traditional Office, Coworking, and Creative Office, catering to diverse business needs. Four individual spaces ranging from 1,102 to 2,213 square feet are currently available for lease. This presents a significant advantage, providing immediate access to a built-in customer base of 624 students residing in the adjacent luxury student housing complex, along with other nearby residential and student housing options. The property's multi-tenant structure ensures a dynamic and collaborative environment. This is an ideal location for businesses seeking high visibility and a strong connection to the thriving University of Kansas community. The property type is listed as Retail and Office. Douglas County location and 66044 zip code provide easy access to amenities and transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HOTWORX Lawrence Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.2435964
    Latitude
    38.9633936

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    FAQs

    What type of property is this?
    Office space - Modern office suites near KU campus. Multiple sizes available.
    Where is this office space located?
    The property is located at 1101 Indiana St Lawrence, KS.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 2015 Construction.; MU-PD-UC Zoning.; 20-foot ceilings.
    (785) 766-6568 Call to check price and availability
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    1101 Indiana St Lawrence, KS 66044
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    Lawrence, KS 66044
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1101 Indiana St Lawrence, KS 66044
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    Contact for Pricing
    Please call us for current price
    and status of this listing Kirsten Flory
    Kirsten Flory
    Real Estate License ID: SP00220332
    (785) 766-6568
    Learn more
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