Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Shared Warehouse Space in IowaCity Title is generated by Realmo AI

    2239 Heinz Rd, Iowa City, IA 52240

    View on Map
    Claim this Listing
    For Lease
    $4 SF/Yr $15,881/Mo (calc)

    Commercial - IowaCity, IA

    Property size:
    38,500 SF
    Lot size:
    4.36 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    121
    Last Refresh:
    May 9 at 6:06 am

    Property Features for 2239 Heinz Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    I-1
    Standard status
    Active
    APN
    1024178010
    Size
    38,500 SF
    Lot size
    4.36 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1.13

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Whole House Fan

    Building Details

    Year built
    1997
    Flooring type
    Concrete
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Edberg
    Jeff Edberg

    Listing agent Jeff Edberg

    Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD, Iowa City, IA

    Listing date Jan 8, 2026

    MLS# 202600252 Listing URL

    Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large shared warehouse space with 38,500 sf available.
    • Multiple loading docks, including two dock doors and one overhead door.
    • High ceilings with 23 ft eave height.
    • Durable 5" reinforced concrete floors.
    • Efficient heating with multiple Reznor heaters.
    • Affordable lease rate priced at $4.95 per sf plus NNN charges.

    Overview

    This commercial property offers 38,500 square feet of shared warehouse space. A portion of the space is currently leased to a moving company; however, the overhead door, two dock doors, and bathroom are designated as shared spaces. The property features an eave height of 23 feet and 5-inch reinforced concrete floors. Heating is provided by multiple Reznor heaters. The property is zoned I-1. The listing mentions a price of $4.95 per square foot, plus $1.13 per square foot in taxes and $0.25 per square foot for insurance, with NNN charges approximately totaling a monthly rent of $20,309. Tenants are responsible for snow removal. The property is situated on a 4.36-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Syngenta Seeds Agricultural Supply

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • AM Management — 2871 Heinz Rd B, Iowa City, IA 52240
    • Scott-Six Storage — 2870 Commerce Dr, Iowa City, IA 52240
    • V's Self Storage (Iowa City Location) — 2800 Commerce Dr, Iowa City, IA 52240
    • Adamantine Spine Moving - Full Service Storage — 2726 Independence Rd Suite B, Iowa City, IA 52240
    • Heinz Road Mini Storage — 2435 Heinz Rd, Iowa City, IA 52240

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.487104
    Latitude
    41.636675

    Nearby Similar for Lease

    • $5,000/Mo

      Historic Downtown Retail Space

      Charming two-level retail space in the heart of downtown.
      112 E Washington St, IowaCity, IA 52240
      View Details
    • $510/Mo

      Downtown Iowa City Office Space

      Second-floor office space in downtown Iowa City for rent.
      105 Iowa Ave, IowaCity, IA 52240
      View Details
    • $1,925/Mo

      Iowa City Commercial Flex Space

      2400 SF flex space with drive-through option available for rent.
      3305 Hwy 1 SW, IowaCity, IA 52240
      View Details
    • $11 SF/Yr

      Spacious Office Suite with Furniture

      17,967 SF office suite with included Herman Miller furniture.
      2834 NORTHGATE DR, IowaCity, IA 52245
      View Details
    • $30 SF/Yr

      Iowa City Commercial Space Available

      2800 SqFt commercial space in the heart of Iowa City.
      124 E Washington St, IowaCity, IA 52240
      View Details
    • $13 SF/Yr

      Well-Appointed Office Suite For Rent

      Office suite with reception, waiting area, and five private offices.
      3030 Northgate Dr, IowaCity, IA 52245
      View Details
    • $11 SF/Yr

      Iowa City Class A Office

      Class A office space available for rent in Iowa City.
      2346 Mormon Trek Blvd, IowaCity, IA 52246
      View Details
    • $30 SF/Yr

      Downtown Iowa City Commercial Space

      Modern office/retail space in downtown Iowa City's Ped Mall.
      105 E College St, IowaCity, IA 52240
      View Details
    • $1,500/Mo

      Iowa City Commercial Space For Rent

      Commercial space in high traffic location available for rent.
      443 HWY 1 W, IowaCity, IA 52246
      View Details
    • $460/Mo

      Downtown Iowa City Office Space

      Move-in ready office space in downtown Iowa City for rent.
      332 S Linn St, IowaCity, IA 52240
      View Details
    • $960/Mo

      Downtown Iowa City Office Space

      Move-in ready office space with shared amenities in downtown Iowa City.
      332 S Linn St, IowaCity, IA 52240
      View Details
    • $400/Mo

      Downtown Iowa City Office Space

      Move-in ready office space with shared amenities in downtown Iowa City.
      332 S Linn St, IowaCity, IA 52240
      View Details

    FAQs

    What type of property is this?
    Warehouse - 38,500 SF shared warehouse space for lease.
    Where is this warehouse located?
    The property is located at 2239 Heinz Rd Iowa City, IA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: Large shared warehouse space with **38,500 sf available**.; Multiple loading docks, including two dock doors and one overhead door.; High ceilings with **23 ft eave height**.
    (319) 331-6187
    We can help!
    Listing Contact
    Jeff Edberg
    Jeff Edberg
    Real Estate License ID: IA B33730000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2239 Heinz Rd, IowaCity, IA 52240
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!