321 Kirkwood Avenue Iowa City, IA 52240
0.58 acres / 14,000 SF mixed-use development opportunity.
Property Features for 321 Kirkwood Avenue
General Information
- Standard status
- Active
- Size
- 14,000 SF
- Lot size
- 0.58 Acres
- Property subtype
- Mixed Use, Land
Listing office Lepic-Kroeger, REALTORS
Listing date May 26, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Lepic-Kroeger, REALTORS
Investment Insights
Based on property information with market context.
Key Highlights
- Riverfront location
- Development opportunity
- 0.58 Acre lot size
Local Financial Insights For Mixed Use
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 | $184.8k | $13.20 |
| − Vacancy | −$12.9k | −$0.92 |
| EGI | $171.9k | $12.28 |
| − OpEx | −$64.4k | −$4.60 |
| NOI | $107.4k | $7.67 |
