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    1 Riverfront Plz Lawrence, KS 66044

    Sponsored
    For Sale
    $4,000,000

    Prime Lawrence Office, 66,000 SF, 6.16% Cap Rate

    Property size:
    66,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story, Class B office building, located at 1 Riverfront Plaza in Lawrence, Kansas, presents a compelling investment opportunity. Boasting 66,000 square feet of space, the property offers a strong 6.16% capitalization rate and is priced at $4,000,000. Built in 1989, the building currently houses the City of Lawrence on the third floor through 2028, providing a stable income stream. The first floor is ideally suited for a call center tenant and includes existing furniture, fixtures, and equipment. Significant infrastructure is already in place, including a 10-ton Liebert AC unit, a Liebert AP600T 225 KVA UPS system, and a server room with a fire suppression system (requiring inspection). The property enjoys stunning views of the Kansas River and provides convenient access to downtown Lawrence. Its prime location and substantial square footage make it perfect for owner-occupancy or redevelopment, offering significant potential for future growth and return on investment. The multi-tenant configuration allows for diverse income streams and flexible occupancy options. This is a high-value property with a low price point, presenting a rare opportunity in the Lawrence, Kansas market. The property is situated in Douglas County, Kansas, zip code 66044.

    Property Features for 1 Riverfront Plz

    General Information

    Property type
    Residential offices
    Square Feet
    66,000 SF
    Class
    B

    Building Details

    Year Built
    1989
    Stories
    3

    HighLights

    • Exceptional Value: Below‑Market Pricing.
    • Stunning Kansas River Views.
    • Prime Downtown Lawrence Location.
    • Ideal for Owner‑Occupancy or Redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    TDI Global Solutions, ... Packaging Company City Hall Riverfront ... Government Office Leo Center Benevolence Social Services Organization City of Lawrence, KS ... Urban Planning Department Lawrence Building Inspection City Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.2334458
    Latitude
    38.973446

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    FAQs

    What type of property is this?
    Residential office - Prime Lawrence Office, 66,000 SF, 6.16% Cap Rate
    Where is this residential office located?
    The property is located at 1 Riverfront Plz Lawrence, KS.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Exceptional Value: Below-Market Pricing.; Stunning Kansas River Views.; Prime Downtown Lawrence Location.
    (800) 530-5490
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    1 Riverfront Plz 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
    1 Riverfront Plz Lawrence, KS 66044
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