2834 NORTHGATE DR, Iowa City, IA 52245
COMMERCIAL - IowaCity, IA
- Added:
- Apr 22, 2026
- Days on Market:
- 72
- Last Refresh:
- Jul 2 at 10:06 am
Property Features for 2834 NORTHGATE DR
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CO1
- Standard status
- Active
- APN
- 0736452003
- Lot size
- 1.98 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Annual Amount
- 76512
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1996
- Flooring type
- Concrete
- Building materials
- SteelOrMetal
- Roof type
- Tar/Gravel
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 Apr 22, 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
- 17,967 SF office suite with a mix of open plan space, cubies, and offices
- Two ADA‑accessible levels: first floor ~12,000 SF and walk‑out lower level ~6,000 SF
- Two ADA‑compliant bathrooms on each floor, for a total of four ADA bathrooms
- Central atrium and an east‑facing patio on the first floor
- 85 parking places available; zoning CO‑1 for office, medical, and service uses
- 1996 construction; central air, forced‑air heating; steel/metal construction with concrete flooring and tar/gravel roof
Overview
Located at 2834 Northgate Dr in Iowa City, Iowa (Johnson County), the property is served by on-site parking with 85 parking places. The suite is offered under CO-1 zoning (listed as CO1), supporting office, medical, and service uses.
Designed for teams that need a mix of collaboration space and enclosed offices, this setup can accommodate a variety of professional functions within a single, accessible footprint. With ADA access on both floors, multiple ADA-compliant restrooms per level, and dedicated parking, it can be a practical choice for office and service-oriented operators seeking an established interior configuration.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Iowa City
- County
- Johnson
- State
- Iowa
- Longitude
- -91.491605
- Latitude
- 41.688498
