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    3030 Northgate Dr Iowa City, IA 52245

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    For Lease
    $13 SF/Yr

    Commercial - IowaCity, IA

    Lot size:
    2.00 Acres
    Added:
    Oct 27, 2025
    Days on Market:
    193
    Last Refresh:
    May 7 at 1:06 am

    Property Features for 3030 Northgate Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CO1
    Interior features
    Elevator, Zerostepentry
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    APN
    0736428001
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5.72

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Flooring type
    Carpet, Concrete, Vinyl
    Building materials
    Brick, Frame
    Roof type
    Composition
    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 Oct 27, 2025

    MLS# 202506652 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

    • Convenient location near I‑80/N Dodge St intersection and other medical/office users.
    • Large parking lot for clients and employees.
    • Adaptable 2639 SF suite, configurable to meet new user's needs.
    • Two entry options: shared hall or private exterior door.
    • Abundant natural light with lots of windows on the east and south sides.
    • Accessibility features including elevator and zero‑step entry.

    Overview

    Iowa City Commercial Suite For Rent

    This 2639 square foot suite, previously occupied by Hanger Prosthetics, features a combination of exam rooms and fabrication space. There are two entry options: from the shared hall or via a private exterior door. The suite includes a lobby area with check-in and check-out windows and features multiple windows on the east and south sides. The suite can be reconfigured to meet a new user's needs. The property includes a large parking lot. It is conveniently located just off the I-80 and N Dodge St intersection and close to a variety of medical and office users. The property is zoned CO1. The listing price is $13.50 per square foot, with $7.16 in NNN charges, totaling approximately $4543.48 per month gross. The lot size is 2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Emergency Veterinary Service ... Veterinary Clinic Counseling Center Of Iowa ... Marriage Or Relationship Counselor Counseling Center of Iowa ... Family Counselor Hanger Clinic: Prosthetics ... Orthotics & Prosthetics Service Counseling Center of Iowa ... Family Counselor

    Suggested Use

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

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

    Similar Places Nearby

    • Emergency Veterinary Service of Iowa City — 3030 Northgate Dr b2, Iowa City, IA 52245

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.488373
    Latitude
    41.689592

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    FAQs

    What type of property is this?
    Medical Office Space - 2639 SF suite with exam and fabrication space available.
    Where is this medical office space located?
    The property is located at 3030 Northgate Dr Iowa City, IA.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Convenient location near I‑80/N Dodge St intersection and other medical/office users.; Large parking lot for clients and employees.; Adaptable 2639 SF suite, configurable to meet new user's needs.
    (319) 331-6187
    We can help!
    Listing Contact
    Jeff Edberg
    Jeff Edberg
    Real Estate License ID: IA B33730000
    Learn More
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    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.

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