1421 Research Park DrLawrence, KS 66049

Property Details for 1421 Research Park Dr

Year built

1990

Lot size

6.20 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,819,356

  6.5%

  $3,525,559

  7%

  $3,273,734

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,623,516

  Geo Method

  $1,623,516

• Alternative Use

  Use

  Valuation

  Residential

  $4,371,694

  Hospitality

  $4,004,448

  Educational

  $3,331,654

  Medical

  $3,446,234

  Retail

  $5,182,572

Location Insight

City

Lawrence

County

Douglas

State

Kansas

Latitude

38.9579

Longitude

-95.3113

CBSA code

29940

CBSA name

LAWRENCE, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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