2346 Mormon Trek Blvd, Iowa City, IA 52246
COMMERCIAL - IowaCity, IA
- Added:
- Jan 9, 2026
- Days on Market:
- 174
- Last Refresh:
- Jul 2 at 10:06 am
Property Features for 2346 Mormon Trek Blvd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CO1
- Interior features
- Elevator, ZeroStepEntry
- Accessibility
- Accessible Elevator Installed
- Standard status
- Active
- APN
- 1020157004
- Lot size
- 1.45 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 145610
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1996
- Flooring type
- Tile, Carpet
- Building materials
- Brick, Frame
- Roof type
- Metal
Listing agent Jeff Edberg License #IA B33730000 (319) 331-6187
Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD SUITE #2000, Iowa City, IA (319) 351-8811
Listing date Jan 9, 2026
Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Grandview Building class A with 28,545 SF and fully leased occupancy
- 25,246 SF leased space fully elevator served from the lower level garage to the second floor
- Gross income of $521,019 and net operating income of $284,880; 6.0% capitalization rate
- Two surface parking lots plus underground parking
- Built in 1996 with metal roof and brick/frame construction
- Elevator and zero‑step entry with accessible elevator installed; central air and forced‑air natural gas heating
Overview
The property is located on Mormon Trek Blvd in Iowa City, Iowa, in Johnson County. The building’s parking is supported by dedicated surface lots as well as below-grade parking, creating convenient access for tenants and visitors.
This offering is positioned for buyers seeking a stable, income-producing office asset, as the building is currently fully leased. The stated gross income is $521,019 with a net operating income of $284,880 and a 6.0% capitalization rate, with tenant occupancy listed for Covenant Family Solutions, Alberhasky Eye, United Iowa Financial, Lepic-Kroeger, Realtors, City Construction, Willow Creek Dentistry, and Susan Mimms Financial. Please note that additional lease and financial information is provided after execution of the NDA.
Local Financial Insights For Office B
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 | $513.8k | $18.00 |
| − Vacancy | −$77.1k | −$2.70 |
| EGI | $436.7k | $15.30 |
| − OpEx | −$109.2k | −$3.82 |
| NOI | $327.6k | $11.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Iowa City
- County
- Johnson
- State
- Iowa
- Longitude
- -91.566515
- Latitude
- 41.637369
