501 Gateway DrLawrence, KS 66049

Property Details for 501 Gateway Dr

Year built

1998

Lot size

0.48 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $837,677

  6.5%

  $773,240

  7%

  $718,009

• Comparable approach

  Method

  Valuation

  Relative Method

  $356,076

  Geo Method

  $356,076

• Alternative Use

  Use

  Valuation

  Residential

  $958,818

  Hospitality

  $878,272

  Educational

  $730,712

  Medical

  $755,842

  Retail

  $1,136,663

Location Insight

City

Lawrence

County

Douglas

State

Kansas

Latitude

38.9723

Longitude

-95.2772

CBSA code

29940

CBSA name

LAWRENCE, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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