Iowa City Retail Building For
For Sale
$1,400,000
1130 S Scott Blvd, Iowa City, IA 52240
Fully leased retail building on Iowa City's growing east side.
Property Size8,878 SF
Lot Size1.40 Acres
Price / SF$157.69
Days on Market287
Property Features for 1130 S Scott Blvd
General Information
Standard status
Active
Size
8,878 SF
Lot size
1.40 Acres
Property subtype
Commercial
Zoning
RS-12
Taxes and HOA fees
Annual Taxes
$45,418
Amenities
ConcreteSlabGrade,Carpet,CeramicTile
ZeroStepEntry
253 x 214
1.4
CountyRoad,Paved,Other
Building Details
Year Built
2000
Listing Agency:
GLD Commercial Real Estate Advisors
(319) 393-0900
Listed By:
Karrie Schultz · License #B63691000
(319) 540-1281
Source:
Pinnaclerealtyia
Added: Jan 1
Changed: Oct 7
Last Checked: Oct 14 at 7:58PM
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
Investment Insights
Based on property information with market context.
This is a fully leased, stand-alone, one-story brick building with a total area of 8,876 square feet. It is situated on 1.4 acres within the Legacy Pointe campus. The property benefits from high traffic counts, exceeding 10,000 vehicles per day, and includes ample off-street parking. One tenant has approximately 4 years remaining on their lease, with two 10-year options to renew. The other tenant is currently on a year-to-year lease. The property is located on the growing east side of Iowa City.
Key Highlights
- Fully leased stand‑alone building with 8,876 sq. ft.
- Located in Iowa City's growing east side.
- One tenant has approximately 4 years left on their lease with two 10‑year options to renew.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,121
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,420
$1.7M
Cap Rate 7%
$1,201,729
$1.2M
Cap Rate 9%
$934,678
$934.7K
Market Conditions
NOI Build-Up for 8,878 SF
Gross rent
$127.8K $14.40/SF
− Vacancy
−$7.7K −$0.86/SF
EGI
$120.2K $13.54/SF
− OpEx
−$36.1K −$4.06/SF
NOI
$84.1K $9.48/SF
Area
Johnson County, IA
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,420
Cap Rate 7%
$1,201,729
Cap Rate 9%
$934,678
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $84,121 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,002 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 52240, IA
34,224
Population
17,035
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
94%
High-School Grad
142.1 sq mi
ZIP Area
241
Density / Sq Mi
$55,189
Median Household Income
$25,508
Median Earnings
$1,065
Median Rent
$241,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Fully leased retail building on Iowa City's growing east side.
Where is this retail space located?
The property is located at 1130 S Scott Blvd Iowa City, IA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fully leased stand‑alone building with 8,876 sq. ft.; Located in Iowa City's growing east side.; One tenant has approximately 4 years left on their lease with two 10‑year options to renew.
