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    Spacious Office Suite in IowaCity Title is generated by Realmo AI

    2834 NORTHGATE DR, Iowa City, IA 52245

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    Claim this Listing
    For Sale
    $2,500,000

    Commercial - IowaCity, IA

    Property size:
    17,967 SF
    Lot size:
    1.98 Acres
    Price / SF:
    $139/SF
    Added:
    Apr 22, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 8 at 1:06 pm

    Property Features for 2834 NORTHGATE DR

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CO1
    Standard status
    Active
    APN
    0736452003
    Size
    17,967 SF
    Lot size
    1.98 Acres

    Taxes and HOA fees

    Tax Annual Amount
    76512

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1996
    Flooring type
    Concrete
    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 Apr 22, 2026

    MLS# 202602712 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

    • Expansive office suite offering 17,967 SF, including 12,000 SF on the first floor and a 6,000 SF walk‑out lower level.
    • Comes with Herman Miller cubicles and furniture included at no additional cost.
    • Benefit from 85 parking spaces.
    • CO‑1 zoning provides flexibility for office, medical, and service‑oriented businesses.
    • ADA accessible on both floors, featuring two ADA compliant bathrooms on each level.
    • Enjoy a distinctive atrium and a relaxing east‑facing patio.

    Overview

    This impressive office suite, located in IowaCity, Iowa, offers a total of 17,967 square feet, combining open plan areas, cubicles, and private offices. The existing cubicles and furniture, all Herman Miller brand, are included at no additional cost. The first floor encompasses approximately 12,000 square feet, while the walk-out lower level provides about 6,000 square feet of space. Both floors are ADA accessible and feature two ADA-compliant bathrooms each. A distinctive atrium is located in the center of the first floor, complemented by an east-facing patio suitable for employees or clients. The property includes 85 parking spaces. Zoned CO-1, the property is suitable for office, medical, and service uses. The lot size is 1.98 acres.

    Local Financial Insights For Healthcare Medical

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $394.6k $21.96
    − Vacancy −$39.5k −$2.20
    EGI $355.1k $19.76
    − OpEx −$142.0k −$7.91
    NOI $213.1k $11.86
    17,967 SF · lease $21.96/SF/yr · vacancy 10.00% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $3.04M
    $2.66M – $3.55M (±1% cap)
    NOI $213,060 @ 7.0% cap · market cap 8.52%
    Second Best
    Office B
    $2.95M
    $2.58M – $3.44M (±1% cap)
    NOI $206,171 @ 7.0% cap · market cap 8.25%
    Theoretical Best
    Office A
    $3.90M
    $3.42M – $4.55M (±1% cap)
    NOI $273,213 @ 7.0% cap · market cap 10.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Businessolver Business Management Consultant New LVL Today ... Marketing & Advertising

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Big Box & Wholesale Store Hair Salon Dental Office Pharmacy Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.491605
    Latitude
    41.688498

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    FAQs

    What type of property is this?
    Office building - 17,967 SF office suite with open plan and offices.
    Where is this office building located?
    The property is located at 2834 NORTHGATE DR Iowa City, IA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Expansive office suite offering 17,967 SF, including 12,000 SF on the first floor and a 6,000 SF walk‑out lower level.; Comes with Herman Miller cubicles and furniture included at no additional cost.; Benefit from 85 parking spaces.
    (319) 331-6187
    We can help!
    Listing Contact
    Jeff Edberg
    Jeff Edberg
    Real Estate License ID: IA B33730000
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