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Property profile & analytics

501 Gtwy Dr Lawrence, KS 66049-2342

  • Office buildings
  • 4,978 SF
  • 0.48 lot acres
OFF-MARKET
Last Sale
Dec 31, 2024
Value Estimations
$410,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US33-0605901
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

  • Pennington & Co / Association / Organization

Property Details for 501 Gtwy Dr

Year built
1998
Lot size
0.48 lot acres
Property size
4,978 SF
Property type
Office buildings
APN
067-26-0-30-10-043.02-0
APU
672603010043020

Description

This exceptional 3,920 square foot executive office suite is ideally situated at 501 Gateway Dr in Lawrence, Kansas, within Douglas County (zip code 66049). The single-tenant space offers a versatile layout, perfect for a growing business. The suite boasts 2,480 square feet of first-floor office space, complemented by a 1,440 square foot basement area. The basement includes a convenient kitchen/break room and ample storage space. The first floor features a combination of three private offices and an open cubicle floor plan, providing flexibility to accommodate various team sizes and work styles. This presents a unique opportunity for businesses seeking a well-appointed and centrally located office space in Lawrence. The total building size is 8,196 square feet. The landlord is open to negotiating tenant improvements, with the potential to spread the costs over the lease term, making this an attractive option for businesses looking to customize their workspace. This property is located at 38.9722738 latitude and -95.2772842 longitude.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $420,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $401,000
    Market price range: $307k - $806k
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $460,000
    Current use
    COMMERCIAL (GENERAL)
    $550,000
    Change: +20% Conversion: Easy
    MEDICAL BUILDING
    $530,000
    Change: +15% Conversion: Easy
    AUTO REPAIR, GARAGE
    $505,000
    Change: +10% Conversion: Difficult
    RETAIL STORES
    $450,000
    Change: -2% Conversion: Moderate

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


Location Insight

  • Map
  • Local Demand
City
Lawrence
County
Douglas
State
Kansas
Longitude
-95.2772
Latitude
38.9723
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
$17,374
$42,343
$90,158
$132,501
-
$169,370
$360,630
$530,000
More about this property
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