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Property profile & analytics

1421 Research Park Dr Lawrence, KS 66049

  • Office buildings
  • 22,697 SF
  • 6.20 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US33-0497248
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

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

Property Details for 1421 Research Park Dr

Year built
1990
Lot size
6.20 lot acres
Property size
22,697 SF
Property type
Office buildings
APN
068-33-0-30-01-015.01-0
APU
683303001015010

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $3,675,000
    Market price range: $1.40M - $3.68M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $2,085,000
    Current use
    RESTAURANT
    $3,575,000
    Change: +71% Conversion: Moderate
    COMMERCIAL (GENERAL)
    $2,495,000
    Change: +20% Conversion: Easy
    MEDICAL BUILDING
    $2,410,000
    Change: +15% Conversion: Easy
    AUTO REPAIR, GARAGE
    $2,295,000
    Change: +10% Conversion: Difficult
    RETAIL STORES
    $2,050,000
    Change: -2% Conversion: Moderate

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Location Insight

  • Map
  • Local Demand
City
Lawrence
County
Douglas
State
Kansas
Longitude
-95.3113
Latitude
38.9579
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
$187,805
$210,658
$1,221,593
$1,432,251
-
$842,630
$4,886,370
$5,729,000
More about this property
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