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    1421 Research Park Dr Lawrence, KS 66049

    For Lease
    $15 SF/Yr

    Prime Lawrence office space, two suites available.

    Lot size:
    73,845 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional executive office building, situated on a picturesque 6.2-acre site, offers two available suites ranging from 5,918 to 6,025 square feet. Built in 1990 and renovated in 1993, the property boasts a park-like setting with convenient access to major thoroughfares, I-70 and K-10. The building's total square footage is 73,845, providing ample space for a variety of business needs. Tenancy is multiple, allowing for flexibility and potential collaboration opportunities. Beyond the individual suites, tenants enjoy access to shared amenities including a versatile auditorium and a multi-purpose room, perfect for meetings, presentations, or events. Extensive parking is available on-site, ensuring convenient access for employees and clients. An attractive outdoor eating area, complete with a water feature, offers a tranquil setting and stunning views of Lawrence. The building's location west of Wakarusa, off Bob Billings Parkway, places it near a wealth of office and retail services, enhancing convenience and accessibility. This property presents a unique opportunity to establish a presence in a desirable and well-maintained office environment. Located in Douglas County, this building offers a blend of professional functionality and appealing aesthetics.

    Property Features for 1421 Research Park Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    73,845 SF
    Total Rate
    92306.25

    Building Details

    Year Built/Renovated
    1990/1993

    Unit(s) available at that property

    Space
    Suite 3A
    Size
    5,918 SF
    Rate per SF
    $20
    Space
    Suite 1B
    Size
    6,025 SF
    Rate per SF
    $15

    HighLights

    • 73,845 SF office building in Douglas County.
    • Executive office suites available, ranging from 5,918 to 6,025 SF.
    • Multiple tenants.
    • Built in 1990, renovated in 1993.
    • Located on 6.2 acres with ample parking.
    • Amenities include a shared auditorium and multipurpose room, plus an outdoor eating area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cobalt Iron Software Company Environmental Institute Golf Instructor Professional Renewal Center Mental Health Clinic The Golf Course Superintendents ... Association / Organization Ainstein Engineer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.3113532
    Latitude
    38.9580945

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Lawrence office space, two suites available.
    Where is this office property / space located?
    The property is located at 1421 Research Park Dr Lawrence, KS.
    What is the lease rate?
    The lease rate is $15-$20 SF/Yr.
    What are key features of this property?
    This property features: 73,845 SF office building in Douglas County.; Executive office suites available, ranging from 5,918 to 6,025 SF.; Multiple tenants.
    Request Owner's contact information
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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
    1421 Research Park Dr Lawrence, KS 66049
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