Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1031 Vermont St Lawrence, KS 66044-2921

    • Office buildings
    • 5,526 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0889752
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Restoration Counseling / Crisis Center / Medical Clinic
    • Watkins Daniel L / Law Firm
    • Miller & Midyett Real Estate / Real Estate Agency
    • Richard F. Ostrander, Raodac / Counselor
    • Kaylin Dillon Financial Planning / Financial Advisor

    Property Details for 1031 Vermont St

    Year built
    1975
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    5,526 SF
    Property type
    Office buildings
    APN
    079-31-0-20-28-007.00-0
    APU
    793102028007000

    Description

    This exceptional creative office space, located at 1031 Vermont St in Lawrence, Kansas, offers a unique opportunity for businesses seeking a vibrant and functional workspace. The property, built in 1975 and extensively renovated in 2020, boasts a total of 5,500 square feet and is currently configured as a multi-tenant building. One space of 120 square feet is currently available. The building is zoned CD, providing flexibility for a variety of commercial uses. Tenants benefit from a full-service lease, eliminating the hassle of managing utilities. High-speed internet access, both wired and Wi-Fi, is included, ensuring seamless connectivity. A shared, well-equipped kitchen and conference rooms provide convenient amenities for all tenants. Furthermore, a shared commercial printer, scanner, and fax machine are available for added convenience. This turn-key solution allows businesses to focus on their core operations, minimizing overhead and maximizing productivity. The property's prime location in Lawrence, Kansas, zip code 66044, offers easy access to local amenities and transportation. This is an ideal opportunity for businesses seeking a modern, efficient, and collaborative work environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.2374
    Latitude
    38.9645
    CBSA code
    29940
    CBSA name
    LAWRENCE, KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,837
    $63,620
    $93,680
    $157,300
    -
    $254,480
    $374,720
    $629,200

    Comparable in this City

    • Value Estimation
      $920,000
      18,229 SF

      211 8th St

      OFFICE BUILDING (MULTI-STORY) • 18,229 SF
      211 8th St, Lawrence, KS 66044-2717
      View Details
    • Value Estimation
      $2,615,000
      25,503 SF

      6 6th St

      OFFICE BUILDING (MULTI-STORY) • 25,503 SF
      6 6th St, Lawrence, KS 66044-2268
      View Details
    • Value Estimation by Request
      2,177 SF

      1207 Iowa St

      OFFICE BUILDING (MULTI-STORY) • 2,177 SF
      1207 Iowa St, Lawrence, KS 66044-1923
      View Details
    • Value Estimation by Request
      1,853 SF

      1127 Iowa St

      OFFICE BUILDING (MULTI-STORY) • 1,853 SF
      1127 Iowa St, Lawrence, KS 66044-1921
      View Details
    • Value Estimation by Request
      3,102 SF

      842 Louisiana St

      OFFICE BUILDING (MULTI-STORY) • 3,102 SF
      842 Louisiana St, Lawrence, KS 66044-2656
      View Details
    • Value Estimation by Request
      2,768 SF

      1037 Vermont St

      OFFICE BUILDING (MULTI-STORY) • 2,768 SF
      1037 Vermont St, Lawrence, KS 66044-2921
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      63,912 SF

      Downtown Lawrence Redevelopment Opportunity

      Premier downtown location with redevelopment potential and strong tenants.
      900 Massachusetts St, Lawrence, KS 66044
      View Details
    • $3,125,000
      57,406 SF

      Lawrence Office Building For Sale

      Prominent office building in downtown Lawrence, qualified opportunity zone.
      609 New Hampshire St, Lawrence, KS 66044
      View Details
    • $4,000,000
      66,000 SF

      Lawrence Office Building For Sale

      Office building with tenant in place through 2028.
      1 Riverfront Plz, Lawrence, KS 66044
      View Details
    • $3,000,000
      45,000 SF

      Riverfront Plaza Office Building

      Prime Lawrence, KS Office Redevelopment
      Side 1 Riverfront Plaza/East, Lawrence, KS 66044
      View Details
    • $3,500,000
      17,247 SF

      Lawrence Commercial Property For Sale

      Commercial property in Lawrence, Kansas, featuring dedicated parking and basement.
      623 Massachusetts St, Lawrence, KS 66044
      View Details
    • $4,000,000
      66,000 SF

      Riverfront Plaza Office Building

      Prime Lawrence Office, 66,000 SF, 6.16% Cap Rate
      1 Riverfront Plz, Lawrence, KS 66044
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      74,484 SF

      Lawrence, KS Office Space for Lease

      Prime Lawrence location, mixed-use building, flexible space.
      901 New Hampshire St, Lawrence, KS 66044
      View Details
    • $30 SF/Yr
      49,739 SF

      Prime Lawrence Office Space

      Stylish 22,000 SF Office Building in Lawrence, KS
      730 New Hampshire St, Lawrence, KS 66044
      View Details
    • $825 /Mo
      466 SF

      Windowed Office Space in Lawrence

      Second-level office space with abundant natural light for lease.
      947 New Hampshire St, Lawrence, KS 66044
      View Details
    • $25,800
      11,000 SF

      Prime Lawrence Office Space

      11,000 SF Office Building, KS
      450 Iowa St, Lawrence, KS 66044
      View Details
    • $7,800 /Mo
      24,858 SF

      Downtown Lawrence Executive Suites

      Prime Downtown Office Space, 4 Suites Available
      901 Kentucky St, Lawrence, KS 66044
      View Details
    • $8,400 /Mo
      200 SF

      Downtown Lawrence Salon Suites

      Modern Suites, Vibrant Location, All-Inclusive
      911 Massachusetts St, Lawrence, KS 66044
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1031 Vermont St
    Lawrence, KS 66044-2921
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.