Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    North Liberty Commercial Space Available Title is generated by Realmo AI

    1085 Liberty Way, North Liberty, IA 52317

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    New commercial space with drive-through in North Liberty.

    Type:Retail
    Added:
    Jun 11, 2024
    Days on Market:
    721
    Last Refresh:
    May 12 at 10:11 pm

    Property Features for 1085 Liberty Way

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2024

    Spaces For Lease

    at 1085 Liberty Way Contact us

    #200 $18/Mo

    Size
    2,574 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Erica Seelman

    Listing agent Erica Seelman License #IA S64720000

    Listing office GLD Commercial Real Estate Advisors

    Listing date Jun 11, 2024

    Source Crexi

    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 GLD Commercial Real Estate Advisors

    HighLights

    • Endcap suite with drive‑through capability (or option to forgo).
    • Newly constructed commercial space.
    • High foot traffic location due to co‑tenant (Salons & Studios) attracting 225+ daily customers.
    • Located in the heart of North Liberty.
    • 57 on‑site parking stalls.
    • Monument signage available.

    Overview

    A newly constructed commercial space is available for lease in North Liberty. The remaining endcap suite includes a drive-through. The lease rate is $18 per square foot NNN if the tenant chooses to forgo the drive-thru, or $21 per square foot NNN for drive-thru capability. The building provides 57 on-site parking stalls and monument signage. A co-tenant, Salons & Studios, is projected to attract over 225 customers daily, which may generate a high level of foot traffic for the development. This property is suitable for retail, restaurants, and drive-through restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -91.6165201
    Latitude
    41.7511893

    Nearby Similar for Lease

    • $2,200/Mo
      1,500 SF

      North Liberty Retail Space Available

      Retail space in mixed-use building with high-traffic signage opportunity.
      1395 Jordan St, NorthLiberty, IA 52317
      View Details
    • $1,000/Mo
      705 SF

      Retail Space Inside Top Shape Gym

      705 SF retail space with built-in client base.
      1395 Jordan St, NorthLiberty, IA 52317
      View Details
    • $12 SF/Yr

      North Liberty Office Space Available

      2,400 SF office space in prime North Liberty location.
      655 Liberty Way, NorthLiberty, IA 52317
      View Details
    • $15 SF/Yr

      Move-in Ready Office Space

      Professional office space with high visibility and easy access.
      1295 Jordan St, NorthLiberty, IA 52317
      View Details
    • $20 SF/Yr

      North Liberty Commercial Space Available

      Commercial space with high visibility and design flexibility for rent.
      595 Country Ln, NorthLiberty, IA 52317
      View Details
    • $20 SF/Yr

      North Liberty Retail Space Available

      Prime retail space with drive-through in North Liberty, Iowa.
      680 Meade Dr, NorthLiberty, IA 52317
      View Details
    • $20 SF/Yr
      1,923 SF

      Prime Retail/Office Suite Available

      New construction retail/office suite in North Liberty's growth corridor.
      575 Madison Ave, North Liberty, IA
      View Details
    • $10 SF/Yr
      4,000 SF

      North Liberty Retail Space Available

      Versatile 4,000 SF suite in high-visibility retail center.
      710 Pacha, North Liberty, IA
      View Details
    • $20 SF/Yr

      North Liberty Commercial Space Available

      Commercial space with high visibility in North Liberty, Iowa.
      595 Country Ln, NorthLiberty, IA 52317
      View Details
    • $10 SF/Yr
      3,777 SF

      Versatile Space Near I-380

      Warehouse, flex, or showroom space with ample parking and visibility.
      2810 Stoner Ct, North Liberty, IA
      View Details
    • $20 SF/Yr

      Commercial - NorthLiberty, IA

      595 Country Ln, NorthLiberty, IA 52317
      View Details
    • $39 SF/Yr
      1,602 SF

      New Retail Space in Development

      New retail space available in a developing entertainment district.
      1255 Hayes Ln, North Liberty, IA
      View Details

    FAQs

    What type of property is this?
    Retail space - New commercial space with drive-through in North Liberty.
    Where is this retail space located?
    The property is located at 1085 Liberty Way North Liberty, IA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Endcap suite with drive‑through capability (or option to forgo).; Newly constructed commercial space.; High foot traffic location due to co‑tenant (Salons & Studios) attracting 225+ daily customers.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Erica Seelman
    Real Estate License ID: IA S64720000
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1085 Liberty Way, North Liberty, IA 52317
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!