Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    40-Acre Development Parcel Title is generated by Realmo AI

    300 Herky St, North Liberty, IA 52317

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 40-acre tract in North Liberty's dynamic growth area.

    Type:Land
    Lot size:
    40.00 Acres
    Added:
    Jun 16, 2025
    Days on Market:
    331
    Last Refresh:
    Mar 16 at 1:18 pm

    Property Features for 300 Herky St

    General Information

    Standard status
    Active
    Lot size
    40.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    James Zachar

    Listing agent James Zachar License #B62789000

    Listing office Realty87

    Listing date Jun 16, 2025

    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 Realty87

    HighLights

    • Rare 40‑acre development parcel within city limits
    • Designated for Commercial/Industrial Flex use
    • Located in high‑growth North Liberty corridor
    • Level, development‑ready terrain
    • Excellent visibility and direct access to major transportation routes (I‑380, Penn Street, Forevergreen Road)
    • Utilities available: 10" city‑maintained drain tile line, electric and city water access

    Overview

    This 40-acre tract is positioned near I-380, Penn Street, and Forevergreen Road, within city limits and designated for Commercial/Industrial Flex use per the Future Land Use Map. The property features level, development-ready terrain, a 10" city-maintained drain tile line, and electric and city water access at the south end of Herky Street. It offers visibility and direct access to major transportation routes. This site is suited for a range of commercial or light industrial projects. It presents a chance to shape the future of North Liberty’s economic landscape.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    North Liberty
    County
    Johnson
    State
    Iowa
    Longitude
    -91.648354
    Latitude
    41.750899

    Nearby Similar for Sale

    • $310,000

      Well-Appointed Office Building with Garage

      3,300 SF office building with garage and flexible functionality.
      580 N Madison Ave, NorthLiberty, IA 52317
      View Details
    • $3,200,000

      Prime 40-Acre Development Parcel

      Rare commercial/industrial land in high-growth North Liberty corridor.
      300 Herky Street, North Liberty, IA 52317
      View Details
    • $1,225,140

      Prime Commercial Corner Lots

      1.34-acre commercial lots with high visibility and traffic exposure.
      Lot 67 & 68 Jordan Street, NorthLiberty, IA 52317
      View Details
    • Contact for pricing
      14,422 SF

      Commercial Space in North Liberty

      Commercial space for sale with high visibility and traffic.
      595 Country Ln unit: 1, North Liberty, IA 52317
      View Details
    • Contact for pricing
      14,124 SF

      Commercial Land in North Liberty

      Commercial land with high visibility and design flexibility.
      595 Country Ln unit: 4, North Liberty, IA 52317
      View Details
    • $709,159

      North Liberty Commercial Property For Sale

      Highly visible location ideal for retail or office space.
      1035 Liberty Way Lot 6, NorthLiberty, IA 52317
      View Details
    • $240,000
      2,112 SF

      North Liberty Multi-Family Property

      Multi-family property in North Liberty, Iowa, leased until 2026.
      415/417 Heritage Pl, NorthLiberty, IA 52317
      View Details
    • $250,000
      1,656 SF

      North Liberty Multi-Family Property

      Multi-family property in North Liberty, leased through July 2026.
      445/447 Heritage Pl, NorthLiberty, IA 52317
      View Details
    • Contact for pricing

      Commercial Land Near Highway 965

      Commercial land adjacent to ALDI store with high traffic count.
      725 Highway 965 Northeast, North Liberty, IA, 52317
      View Details
    • Contact for pricing

      Prime Commercial Development Opportunity

      10.25 acre commercial land for development in North Liberty.
      N Liberty Rd NE & Dubuque St NE, North Liberty, IA
      View Details
    • $250,000

      Commercial Land For Sale

      Commercial land available for purchase.
      725 Hwy 965 NE, North Liberty, IA 52317
      View Details
    • $2,400,000
      17,427 SF

      North Liberty Office Building For Sale

      17,427 SF office building on 2.67 acres for sale.
      1 Quail Crk Cir, North Liberty, IA 52317
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime 40-acre tract in North Liberty's dynamic growth area.
    Where is this commercial land located?
    The property is located at 300 Herky St North Liberty, IA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Rare 40‑acre development parcel within city limits; Designated for Commercial/Industrial Flex use; Located in high‑growth North Liberty corridor
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    James Zachar
    Real Estate License ID: B62789000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    300 Herky St, North Liberty, IA 52317
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!