2834 NORTHGATE DR Iowa City, IA 52245
Office suite combines open plan work areas, offices, and cubicles across two ADA-accessible levels.
- Added:
- Apr 22, 2026
- Days on Market:
- 81
- Last Refresh:
- Jul 9 at 2:48 am
Property Features for 2834 NORTHGATE DR
General Information
- Standard status
- Active
- Size
- 17,967 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1996
Listing office Whitaker Marketing Group (319) 594-2525
Listing date Apr 22, 2026
Source Pinnaclerealtyia
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 Whitaker Marketing Group
Investment Insights
Based on property information with market context.
Parking is available with 85 spaces. Zoning is CO-1 for office, medical, and service uses.
Key Highlights
- Total office suite size of 17,967 SF across two levels with open plan work areas, cubies, and offices
- First floor about 12,000 SF plus walk‑out lower level about 6,000 SF, with both levels ADA accessible
- Two ADA‑compliant bathrooms on each floor for a total of four ADA‑compliant bathrooms
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 | $323.4k | $18.00 |
| − Vacancy | −$48.5k | −$2.70 |
| EGI | $274.9k | $15.30 |
| − OpEx | −$68.7k | −$3.82 |
| NOI | $206.2k | $11.48 |
