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Property profile & analytics
OFF-MARKET Estimated value $605,000
Medical Office Space

1220 Biltmore Dr Lawrence, KS 66049-1995

9,545 SF 1.38 ac lot Built 1998
Individually Owned 19-yr Hold ~ Est. High Equity
Property ID
US33-0541431
Property summary
AI-generated overview

This exceptional medical office building, located at 1220 Biltmore Drive in Lawrence, Kansas, presents a unique investment opportunity. Priced at $2,500,000, the property offers significant potential for growth and return. While the exact square footage is not currently available, the building is purpose-built for medical practices, offering a ready-made space for a variety of healthcare professionals. Its convenient Lawrence location ensures high visibility and accessibility for patients. The property sits on a lot of zero acres, indicating a compact and efficient design. The building's current configuration is ideal for immediate occupancy, minimizing upfront renovation costs and allowing for a swift start to operations. This is a turnkey solution for established medical practices seeking expansion or new ventures looking for a well-situated, functional space. The building's design and location make it an attractive option for a range of medical specialties. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed information regarding the building's specifications and layout will be provided upon request. This is a rare chance to acquire a well-positioned medical office building in a thriving Kansas community. Don't miss this chance to secure a valuable asset in a growing market.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1998
Construction FRAME
Total area 9,545 SF
Lot 1.38 ac (60,113 SF)
APN 068-33-0-20-01-002.36-0
UPID US33-0541431
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lawrence Family Medicine Pharmacy
  • Dr. Lorraine A. Nichols, DO Pediatrician Physician
  • Bruner Steven MD Physician
  • Lawrence Family Medicine & Obstetrics Medical Clinic
  • Lawrence Family Medicine/ob Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
by Request
Comparable Approach Comparable
$697k
Blend (final) Blend
$605k
Owner & transaction history
Lfm & O Building Pa · 19 yrs held
Lfm & O Building Pa
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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