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Property profile & analytics
OFF-MARKET Estimated value $3,320,000
Office buildings

1 Quail Crk Cir North Liberty, IA 52317-9571

16,588 SF 2.67 ac lot Built 1991
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-2291742
Property summary
AI-generated overview

This exceptional executive office building, located at 1 Quail Creek Circle, presents a unique investment opportunity. The 17,427-square-foot building sits on a generous 2.67-acre lot and is offered for sale at $2,400,000 ($137 per square foot), significantly below replacement cost. Alternatively, the property is available for lease. Three distinct office suites are currently available, ranging from 4,400 to 7,191 contiguous square feet. Each suite boasts numerous private offices, restrooms, conference rooms, kitchenettes, reception areas, and cubicles. A full-service lease is available at $20 per square foot, encompassing taxes, insurance, CAM, and utilities. The expansive lot offers significant redevelopment potential. With rezoning, the site could accommodate a multi-family development of up to 100 units. The building's current vacancy is 17,424 square feet, providing immediate occupancy potential for a single tenant or multiple tenants. The minimum divisible space is 4,400 square feet. This property represents a compelling opportunity for both owner-occupiers and investors seeking a prime location and flexible options.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1991
Construction FRAME
Total area 16,588 SF
Lot 2.67 ac (116,167 SF)
APN 613304001
UPID US25-2291742
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.13M
Comparable Approach Comparable
$2.62M
Blend (final) Blend
$3.32M
Owner & transaction history
Epley Properties LLC · 21 yrs held
Epley Properties LLC
since 2005
1 recorded transaction
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $3.0M +41.9%
Retail stores $2.6M +22.0%
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