Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    332 S Linn St Iowa City, IA 52240

    Sponsored
    For Lease
    $960 /Mo

    Office - IowaCity, IA

    Type:Office
    Days on Market:
    15
    Last Refresh:
    Feb 6 at 8:06 pm

    Property Features for 332 S Linn St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    CB-5
    APN
    1010387002

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2000
    Flooring type
    Carpet, Tile
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan O'Leary

    Lepic-Kroeger, REALTORS (319) 351-8811

    Listing agent Ryan O'Leary (319) 351-8811

    Listing date Jan 23, 2026

    MLS# 202600720 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.

    Learn more

    Property Insight Report

    Overview

    Downtown Iowa City Office Space

    This office space is located in downtown Iowa City and is move-in ready. The layout includes a shared waiting room, kitchenette, and bathrooms. Nearby parking ramps provide ample parking options. The property is situated on a bus route, offering convenient public transportation access. The tenant is responsible for internet, telephone, and parking expenses. The zoning is CB-5.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Counseling and Life Management Counselor Lash Out Iowa ... Hair Salon Dreamfield Capital Venture Capital Company New Media Web ... Marketing & Advertising Trade in Cool Marketing & Advertising

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare 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
    -91.531269
    Latitude
    41.656972

    Nearby Similar for Lease

    • $11 SF/Yr
      86,249 SF

      Spacious Office Suite For Rent

      Impressive 17,967 SF office suite with included furniture.
      2834 Northgate Dr, Iowa City, IA 52245
      View Details
    • $10 SF/Yr

      Downtown Iowa City Office Space

      4866 SF office suite in downtown Iowa City.
      125 S Dubuque St, Iowa City, IA 52240
      View Details
    • $10 SF/Yr

      Downtown Iowa City Office Space

      Office suite in the heart of Iowa City's Ped Mall.
      125 S Dubuque St, Iowa City, IA 52240
      View Details
    • $10 SF/Yr

      Downtown Iowa City Office Space

      2433 SF office suite in the heart of Iowa City.
      125 S Dubuque St, Iowa City, IA 52240
      View Details
    • $12 SF/Yr
      91,040 SF

      Iowa City Office Space For Rent

      6462 SF office space with private offices and open areas.
      2650 Mormon Trek Blvd, Iowa City, IA 52246
      View Details
    • $10 SF/Yr

      Spacious Office with Flexible Layout

      Large office space with private offices and convenient location.
      1700 S 1St Ave, Iowa City, IA 52240
      View Details
    • $13 SF/Yr
      87,120 SF

      Iowa City Commercial Suite For Rent

      2639 SF suite with exam and fabrication space available.
      3030 Northgate Dr, Iowa City, IA 52245
      View Details
    • $12 SF/Yr

      Iowa City Office Space Available

      4,144 SF office space near downtown and courthouse.
      510 S Clinton St, Iowa City, IA 52240
      View Details
    • $13 SF/Yr
      87,120 SF

      Well-Appointed Office Suite For Rent

      Office suite with reception, waiting area, and five private offices.
      3030 Northgate Dr, Iowa City, IA 52245
      View Details
    • $8 SF/Yr
      17,860 SF

      Downtown Iowa City Office Space

      3,480 SF office suite in Plaza Center One.
      125 S Dubuque St, Iowa City, IA 52240
      View Details
    • $8 SF/Yr
      17,860 SF

      Downtown Iowa City Office Space

      1650 SF office space in downtown Iowa City.
      125 S Dubuque St, Iowa City, IA 52240
      View Details
    • $8 SF/Yr
      17,860 SF

      Downtown Iowa City Office Space

      1830 SF office suite in Plaza Center One.
      125 S Dubuque St, Iowa City, IA 52240
      View Details

    FAQs

    What type of property is this?
    Office space - Move-in ready office space with shared amenities in downtown Iowa City.
    Where is this office space located?
    The property is located at 332 S Linn St Iowa City, IA.
    What are key features of this property?
    This property features: - Move-in ready office space, perfect for getting straight to work.; - Located in downtown Iowa City, offering a vibrant and accessible location.; - Gross monthly rent of $960.
    (319) 351-8811
    Request Owner's contact information
    332 S Linn St Iowa City, IA 52240
    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.
    332 S Linn St
    Iowa City, IA 52240
    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
    332 S Linn St Iowa City, IA 52240
    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

    We can help!
    Listing Contact
    Ryan O'Leary
    (319) 351-8811
    Learn more
    Google sign-in failed. Please try again or use another login method.