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    450 Iowa St Lawrence, KS 66044

    For Lease
    $25,800

    11,000 SF Office Building, KS

    Lot size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 11,000-square-foot office building, located at 450 N. Iowa Street in Lawrence, Kansas, presents a unique investment opportunity. Built in 2000 and extensively renovated in 2023, the property boasts a blend of traditional and creative office spaces, making it suitable for a diverse range of businesses. The building sits on a generous 1.16 acres of land, zoned PCD, offering ample space and flexibility. Currently configured for multiple tenants, there are three available spaces ranging from 1,300 to 4,050 square feet, providing options for businesses of various sizes. The recent renovations ensure modern amenities and a high-quality workspace. Its prime location in Lawrence, Kansas, zip code 66044, offers excellent accessibility and visibility. The property's versatility extends beyond traditional office use

    Property Features for 450 Iowa St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,000 SF
    Total Rate
    25800

    Building Details

    Year Built/Renovated
    2000/2023

    Unit(s) available at that property

    Space
    Bldg. 2 - Suite B & Garage
    Size
    1,300 SF
    Rate per SF
    $35,400
    Space
    Building 1: Suite A
    Size
    1,350 SF
    Rate per SF
    $25,800
    Space
    Building 1 - Suite B
    Size
    4,050 SF
    Rate per SF
    $54,000

    HighLights

    • 11,000 SF office/warehouse building, built in 2000 with renovations in 2014, 2019, and 2023.
    • Total building area: 11,000 square feet.
    • Building 1: 5,400 SF of office space.
    • Building 2: 5,600 SF of warehouse space.
    • Available Lease Space: Suite A (1,350 SF, $2,150/month gross, immediately available); Suite B (4,050 SF, $4,500/month gross + utilities, available April 1, 2025); Suite B & Garage (1,300 SF + mezzanine, $2,950/month gross + utilities, available April 1, 2025).
    • 1.16‑acre site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AeroVironment, Inc. Aerospace Company Rotech Inc Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Clothing Store Hotel & Motel Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.2600086
    Latitude
    38.9926622

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    FAQs

    What type of property is this?
    Office space - 11,000 SF Office Building, KS
    Where is this office space located?
    The property is located at 450 Iowa St Lawrence, KS.
    What is the lease rate?
    The lease rate is $25,800-$54,000 SF/Yr.
    What are key features of this property?
    This property features: 11,000 SF office/warehouse building, built in 2000 with renovations in 2014, 2019, and 2023.; Total building area: 11,000 square feet.; Building 1: 5,400 SF of office space.
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    450 Iowa St Lawrence, KS 66044
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    Lawrence, KS 66044
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    Realmo Value Estimation

    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.

    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.

    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
    450 Iowa St Lawrence, KS 66044
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