Office Floor with
New
For Sale
$2,400,000
125 S Dubuque St, Iowa City, IA 52240
Most of the floor is leased, with space available for an owner-user.
Property Size12,115 SF
Price / SF$198.10
Days on Market2
Property Features for 125 S Dubuque St
General Information
Standard status
Active
Size
12,115 SF
Property subtype
Commercial
Zoning
CB10
Additional Details
Floor
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$87,088
Amenities
Concrete,CeramicTile,Vinyl
Elevator,ZeroStepEntry
Irregular
0.41
CountyRoad,Paved
Building Details
Year Built
1977
Listing Agency:
RE/MAX Concepts - Cedar Falls
(319) 393-0900
Listed By:
Emmaleigh Buck
(319) 899-2536
Source:
Pinnaclerealtyia
Added: Oct 23
Last Checked: Oct 23 at 4:22PM
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 RE/MAX Concepts - Cedar Falls
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The fourth floor of Plaza Centre One offers 12,115 square feet of office space. Most of the floor is leased, while the remaining space can accommodate an owner-user. Building access includes an elevator and zero-step entry; interior finishes include concrete, ceramic tile, and vinyl. The building dates to 1977.
The property is in downtown Iowa City, directly on the Ped Mall, at 125 S Dubuque St. It is zoned CB10.
The property is in downtown Iowa City, directly on the Ped Mall, at 125 S Dubuque St. It is zoned CB10.
Key Highlights
- 12,115‑square‑foot office floor in Plaza Centre One
- Most of the floor is leased, with space available for an owner‑user
- Elevator and zero‑step entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,020
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,780,400
$2.8M
Cap Rate 7%
$1,986,000
$2.0M
Cap Rate 9%
$1,544,667
$1.5M
Market Conditions
NOI Build-Up for 12,115 SF
Gross rent
$218.1K $18.00/SF
− Vacancy
−$32.7K −$2.70/SF
EGI
$185.4K $15.30/SF
− OpEx
−$46.3K −$3.82/SF
NOI
$139.0K $11.48/SF
Area
Johnson County, IA
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,780,400
Cap Rate 7%
$1,986,000
Cap Rate 9%
$1,544,667
Alternative Uses
Best Use
Office B
$1.99M
$1.74M – $2.32M
NOI $139,020 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,226 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,614
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Most of the floor is leased, with space available for an owner-user.
Where is this office unit located?
The property is located at 125 S Dubuque St Iowa City, IA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 12,115‑square‑foot office floor in Plaza Centre One; Most of the floor is leased, with space available for an owner‑user; Elevator and zero‑step entry
