Two-Level Office
5358 Hutton Drive Urbana, IA 52345
5358 Hutton Drive, Urbana, IA, 52345
$390,000
For Sale
$390,000
COMMERCIAL - Urbana, IA
Property Size1,912 SF
Lot Size3.00 Acres
Price / SF$203.97
Days on Market100
Property Features for 5358 Hutton Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Comm
- Rooms
- Basement
- Standard status
- Active
- APN
- 20039300
- Size
- 1,912 SF
- Lot size
- 3.00 Acres
Taxes and HOA fees
- Tax Description
- Parcel H Part of Lot #2 Subdiv of Lot #7 of Lot #8 Subdiv
- Tax Annual Amount
- 12520
Building Details
- Year built
- 2015
- Building materials
- Frame
- Roof type
- Shingle
Listing Agency
Realty87
(319) 364-8121
2200 1ST AVE NE, Cedar Rapids, IA
Listed by
Pattie Fox
(319) 367-8760
Added: Apr 8 Checked: Jul 16 at 4:06 pm
MLS# 2602446
Copyright © 2026 Cedar Rapids 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.
Investment Insights
Based on property information with market context.
This two-level office building offers a finished upper floor plus a lower level that is not finished. The unfinished area includes 9-foot ceilings and styrofoam block construction, while the upstairs space has two bathrooms, a kitchen, multiple offices, and a conference room. The property is well-suited for office, business, or other expanding commercial use, with the option for the owner to potentially live on site as well.
The building sits on a 3-acre lot in Urbana, Iowa, and is listed under Comm zoning. The property is provided as a complete established building for an owner-operator or business seeking an on-site workspace.
For prospective tenants, buyers, or operators, the layout supports day-to-day office use with private rooms and a dedicated conference space. The unfinished lower level can allow for customization depending on the business needs, while the upstairs configuration already provides bathrooms and a kitchen to support staff and meetings. With its combination of built-in office areas and additional work space downstairs, the property provides a practical base for a business looking to operate and grow within the same building.
The building sits on a 3-acre lot in Urbana, Iowa, and is listed under Comm zoning. The property is provided as a complete established building for an owner-operator or business seeking an on-site workspace.
For prospective tenants, buyers, or operators, the layout supports day-to-day office use with private rooms and a dedicated conference space. The unfinished lower level can allow for customization depending on the business needs, while the upstairs configuration already provides bathrooms and a kitchen to support staff and meetings. With its combination of built-in office areas and additional work space downstairs, the property provides a practical base for a business looking to operate and grow within the same building.
Key Highlights
- Established building suitable for office, business, or commercial expansion.
- Situated on a 3‑acre property.
- Potential for on‑site living.
Local Financial Insights For Mixed Use
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 | $28.0k | $14.64 |
| − Vacancy | −$2.1k | −$1.10 |
| EGI | $25.9k | $13.54 |
| − OpEx | −$9.7k | −$5.08 |
| NOI | $16.2k | $8.46 |
1,912 SF · lease $14.64/SF/yr · vacancy 7.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$231.2K
$202.3K – $269.7K
NOI $16,183 @ 7.0% cap · market cap 4.15%
Second Best
Office B
$131.2K
$114.8K – $153.0K
NOI $9,182 @ 7.0% cap · market cap 2.35%
Theoretical Best
Specialty Retail
$276.7K
$242.1K – $322.9K
NOI $19,371 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Two-story office setup with an unfinished lower level, 9-foot ceilings, and multiple upstairs rooms for business operations.
Where is this office building located?
The property is located at 5358 Hutton Drive Urbana, IA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Established building suitable for office, business, or commercial expansion.; Situated on a 3‑acre property.; Potential for on‑site living.
