Executive Office
332 S Linn St Unit 4 Iowa City, IA 52240
332 S Linn St Unit 4, Iowa City, IA, 52240
$1,100,000
For Sale
$1,100,000
Executive office suite features shared lobby, kitchenette, and bathrooms, with deeded parking included in the purchase.
Property Size4,064 SF
Price / SF$270.67
Days on Market181
Property Features for 332 S Linn St Unit 4
General Information
- Standard status
- Active
- Size
- 4,064 SF
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing agency
Lepic-Kroeger, REALTORS
(319) 594-7926
Listed by
Ryan O'Leary
(319) 594-7926
Source
Xome
Added: Jan 21 Updated: Jul 20 at 5:07PM Checked: Jul 21 at 3:15AM
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 Lepic-Kroeger, REALTORS
Investment Insights
Based on property information with market context.
Executive office suites are available at Linn Street Place in downtown Iowa City. The unit offers 4,064 square feet and includes access to a shared lobby, kitchenette, and bathrooms.
The purchase price includes three parking spots that are deeded with the unit, supporting convenient day-to-day use for occupants and visitors.
This is an office-unit offering designed for professional workspace needs within a multi-suite building setting.
The purchase price includes three parking spots that are deeded with the unit, supporting convenient day-to-day use for occupants and visitors.
This is an office-unit offering designed for professional workspace needs within a multi-suite building setting.
Key Highlights
- 4,064 SF executive office suite in downtown Iowa City at Linn Street Place
- Shared lobby plus kitchenette and bathrooms
- Central air cooling; heating listed as 3
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 | $73.2k | $18.00 |
| − Vacancy | −$11.0k | −$2.70 |
| EGI | $62.2k | $15.30 |
| − OpEx | −$15.5k | −$3.82 |
| NOI | $46.6k | $11.48 |
4,064 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$666.2K
$582.9K – $777.2K
NOI $46,634 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$882.8K
$772.5K – $1.03M
NOI $61,799 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Counseling and Life Management
Counselor
Lash Out Iowa ...
Hair Salon
Dreamfield Capital
Venture Capital Company
New Media Web ...
Marketing & Advertising
Trade in Cool
Marketing & Advertising
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FAQs
What type of property is this?
Office units - Executive office suite features shared lobby, kitchenette, and bathrooms, with deeded parking included in the purchase.
Where is this office units located?
The property is located at 332 S Linn St Unit 4 Iowa City, IA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,064 SF executive office suite in downtown Iowa City at Linn Street Place; Shared lobby plus kitchenette and bathrooms; Central air cooling; heating listed as 3
