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    260 Stevens Dr Iowa City, IA 52240

    Sponsored
    For Sale
    $650,000

    Commercial - IowaCity, IA

    Lot size:
    0.62 Acres
    Days on Market:
    29
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 260 Stevens Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CI1
    APN
    1015382004
    Interior features
    Zerostepentry
    Lot size
    0.62 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2002
    Flooring type
    Tile
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    Lepic-Kroeger, REALTORS (319) 351-8811 [email protected]

    Listing agent Jeff Edberg (319) 351-8811

    Listing date Dec 8, 2025

    MLS# 202504155 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.

    Overview

    NNN Leased Land Lot

    This property is a 26,910 square foot land lot leased to a Hy Vee gas station on an absolute NNN lease. Developed in 2002, the tenant, Hy Vee, bears all costs associated with the property. The annual lease rate is $42,996, yielding a 6.6% capitalization rate. The Hy Vee gas station and the adjacent Hy Vee grocery store operate synergistically, with discounts and benefits driving traffic to both locations. The current lease term is for 4 years, with a 5-year option. The property is zoned CI1 and located in IowaCity, IA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shazam Atm Atm Fast & Fresh Gas Station Hy-Vee Fast & Fresh Convenience Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.531292
    Latitude
    41.643182

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    FAQs

    What type of property is this?
    Gas station - NNN leased land lot with Hy-Vee gas station.
    Where is this gas station located?
    The property is located at 260 Stevens Dr Iowa City, IA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease to Hy Vee: Enjoy passive income with tenant covering all costs.; - Attractive Capitalization Rate: Benefit from a strong 6.6% return on investment.; - Stable Tenant: Hy Vee is a well-known business with a high likelihood of lease renewal.
    (319) 331-6187
    Request Owner's contact information
    260 Stevens Dr Iowa City, IA 52240
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    Realmo Value Estimation

    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.

    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.

    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
    260 Stevens Dr Iowa City, IA 52240
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