Iowa City Medical/Office
For Sale
Contact for pricing
1067 Ryan Ct, Iowa City, IA
Class A office building suitable for medical or traditional office.
Property Size4,301 SF
Lot Size1.70 Acres
Price / SF$257.74
Days on Market742
Property Features for 1067 Ryan Ct
General Information
Standard status
Active
Size
4,301 SF
Lot size
1.70 Acres
Property subtype
OFFICE
Listing Agency:
CBRE
(515) 210-3050
Listed By:
Bill Wright · License #S33231000
(515) 210-3050
Source:
Moodyscre
Added: Jul 23, 2024
Changed: Jul 6
Last Checked: Jul 21 at 7:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
Investment Insights
Based on property information with market context.
This first-class, 4,301 square foot medical/office building, constructed in 2012, is situated at the corner of Camp Cardinal Boulevard and Kennedy Parkway in Iowa City. Available for sale or lease, this Class A office building is located in a parklike setting and ideally suited for a medical practice or conversion to traditional office use. The property features multiple examination rooms and private offices, an impressive reception and lobby area, a canopied entrance, and a partial basement suitable for mechanical systems or storage. The building is positioned on a 1.69-acre lot and includes 25 parking spaces. Building and monument signage are available. Located in a premier development corridor of the city, the property is minutes away from Interstate 80 and State Highway 218.
Key Highlights
- Class A office building suitable for medical practice or conversion to traditional office.
- Prime location at the corner of Camp Cardinal Boulevard and Kennedy Parkway, minutes from Interstate 80 and State Highway 218.
- Substantial size: 4,301 SF building on 1.69 acres.
Financial Insights For Healthcare Medical
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 | $94.4k | $21.96 |
| − Vacancy | −$9.4k | −$2.20 |
| EGI | $85.0k | $19.76 |
| − OpEx | −$34.0k | −$7.91 |
| NOI | $51.0k | $11.86 |
4,301 SF · lease $21.96/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$728.6K
$637.5K – $850.1K
NOI $51,003 @ 7.0% cap · market cap 4.60%
Second Best
Office B
$705.1K
$616.9K – $822.6K
NOI $49,354 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$934.3K
$817.5K – $1.09M
NOI $65,403 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Class A office building suitable for medical or traditional office.
Where is this medical office space located?
The property is located at 1067 Ryan Ct Iowa City, IA.
What is the asking price?
The asking price for this property is $1,108,525.
What are key features of this property?
This property features: Class A office building suitable for medical practice or conversion to traditional office.; Prime location at the corner of Camp Cardinal Boulevard and Kennedy Parkway, minutes from Interstate 80 and State Highway 218.; Substantial size: 4,301 SF building on 1.69 acres.
