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    Multi-Tenant Office Suite Title is generated by Realmo AI

    1570 Mall Dr, Iowa City, IA 52240

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    Modern flexible office space with strong corridor access and a convenient lease footprint for professional and service users.

    Type:Office
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 3:04 am

    Property Features for 1570 Mall Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2013

    Spaces For Lease

    at 1570 Mall Dr Contact us

    We can help!

    Listing Contact
    Tiffany Earl Williams
    Tiffany Earl Williams

    Listing agent Tiffany Earl Williams License #IA s41864000

    Listing office WSG CRE

    Listing date May 27, 2026

    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 WSG CRE

    HighLights

    • Multi‑tenant office property built in 2013
    • 2,000 SF available for lease
    • Located just off Highway 6 with immediate access to I‑380
    • Flexible office space suited for professional offices, medical/wellness, administrative groups, and consulting or service businesses

    Overview

    1570 Mall Drive is a modern, multi-tenant office property offering 2,000 SF available for lease. The space is suited to professional office users as well as medical and wellness operators, administrative groups, consulting firms, and other service-oriented businesses that need efficient, flexible accommodations.

    The property is located just off Highway 6 with immediate access to I-380. It sits in one of Iowa City’s established commercial corridors and benefits from visibility and steady daily traffic along the route, supporting both employee convenience and customer access. The location also places tenants within minutes of central Iowa City, Coralville, and the broader Johnson County market.

    With its accessible setup and practical configuration for a range of office uses, this offering can fit teams looking for a maintained environment in a connected commercial area. For medical and wellness operators, the ability to lease a dedicated suite within a multi-tenant building may be especially relevant, while consulting, administrative, and professional groups can take advantage of the property’s convenient regional transportation access.
    Location Intelligence

    Current Use by Public Records

    Mergen Orthodontics Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.5064593
    Latitude
    41.6433405

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    FAQs

    What type of property is this?
    Office building - Modern flexible office space with strong corridor access and a convenient lease footprint for professional and service users.
    Where is this office building located?
    The property is located at 1570 Mall Dr Iowa City, IA.
    What are key features of this property?
    This property features: Multi‑tenant office property built in 2013; 2,000 SF available for lease; Located just off Highway 6 with immediate access to I‑380
    (319) 343-5542 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tiffany Earl Williams
    Tiffany Earl Williams
    Real Estate License ID: IA s41864000
    Learn More
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    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
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