Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    68 Jordan St North Liberty, IA 52317

    Sponsored
    For Sale
    $1,342,500

    Commercial - NorthLiberty, IA

    Lot size:
    1.34 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 3 at 7:06 pm

    Property Features for 68 Jordan St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-2
    APN
    0624158006 & 0624158005
    Lot size
    1.34 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rachel Barnes

    Lepic-Kroeger, REALTORS (319) 351-8811

    Listing agent Rachel Barnes (319) 351-8811

    Listing date Feb 2, 2026

    MLS# 202600869 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

    Prime Commercial Corner Lots

    These prime commercial corner lots, totaling 1.34 acres, offer excellent visibility and traffic exposure. The location is at the intersection of Forevergreen Road and Jordan Street, directly across from Hy-Vee, Hy-Vee Gas, and Hills Bank, and just east of Highway 965. This is an outstanding commercial opportunity suitable for a wide range of commercial uses in a sought-after location. The sale includes Lot 67 and Lot 68, Parcel numbers 0624158006 and 0624158005.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    North Liberty
    County
    Johnson
    State
    Iowa
    Longitude
    -91.6060469
    Latitude
    41.72325261

    Nearby Similar for Sale

    • $709,159
      1.48 Acres

      North Liberty Commercial Property For Sale

      Highly visible location ideal for retail or office space.
      1035 Liberty Way, North Liberty, IA 52317
      View Details
    • $2,500,000
      0.80 Acres

      North Liberty Commercial Medical Office

      Medical office building with leased space and vacant suite.
      5 Lions Dr, North Liberty, IA 52317
      View Details
    • $299,900

      North Liberty Split-Foyer Home

      Well-maintained home in North Liberty's West Lake subdivision, built in 2014.
      105 N Park Ridge Rd North Liberty, North Liberty, IA 52317
      View Details
    • $250,000
      Pending

      North Liberty Duplex For Sale

      Two-story duplex in North Liberty, leased through July 2026.
      455/457 Heritage Pl, North Liberty, IA 52317
      View Details
    • $419,900
      2,345 SF

      New Walkout Zero Lot

      New construction home with upgrades, walkout lower level, great location.
      1301 Berkshire Ln, North Liberty, IA 52317
      View Details
    • $419,900
      2,345 SF

      New Walkout Zero Lot

      New construction zero lot with upgrades and walkout lower level.
      1299 Berkshire Ln, North Liberty, IA 52317
      View Details
    • $250,000
      2,112 SF

      North Liberty Multi-Family Property

      Multi-family property in North Liberty, leased through July 2026.
      415/417 Heritage Pl, North Liberty, IA 52317
      View Details
    • New
      $250,000
      1,656 SF

      North Liberty Multi-Family Property

      Multi-family property in North Liberty, leased through July 2026.
      445/447 Heritage Pl, North Liberty, IA 52317
      View Details
    • $250,000
      1,616 SF

      North Liberty Multi-Family Property

      Multi-family property in North Liberty, leased through July 2026.
      425/427 Heritage Pl, North Liberty, IA 52317
      View Details
    • $165,000
      980 SF

      Private Condo with Garage

      Two bed, two bath condo with a one-car garage.
      1080 Rachael St, North Liberty, IA 52317
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.34-acre commercial lots with high visibility and traffic exposure.
    Where is this commercial land located?
    The property is located at 68 Jordan St North Liberty, IA.
    What is the asking price?
    The asking price for this property is $1,342,500.
    What are key features of this property?
    This property features: - Prime commercial corner lots totaling 1.34 acres.; - Excellent visibility and high traffic exposure.; - Located at the intersection of Forevergreen Rd and Jordan St.
    (319) 351-8811
    Request Owner's contact information
    68 Jordan St North Liberty, IA 52317
    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.
    68 Jordan St
    North Liberty, IA 52317
    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
    68 Jordan St North Liberty, IA 52317
    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
    Rachel Barnes
    (319) 351-8811
    Learn more
    Google sign-in failed. Please try again or use another login method.