Freestanding Storefront Retail
For Sale
Contact for pricing
525 Hwy 1 W, Iowa City, IA 52246
CC2-zoned retail property with signalized access along Highway 1 W, approximately one mile from the University of Iowa campus.
Property Size4,560 SF
Price / SF$213.82
Days on Market268
Property Features for 525 Hwy 1 W
General Information
Standard status
Active
Size
4,560 SF
Property subtype
Retail
Zoning
CC2
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1986
Buildings
1
Stories
1
Listing Agency:
Buyers Realty, Inc
Listed By:
Mike Cunningham · License #IA S43122000
(515) 490-0551
Source:
Crexi
Added: Jan 21
Changed: Oct 9
Last Checked: Oct 14 at 10:04PM
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 Buyers Realty, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1986, this freestanding retail building contains 4,560 square feet and is identified for storefront retail use. The property is zoned CC2 and offers a standalone configuration suited to a retail occupancy.
The site fronts Highway 1 W in Iowa City, with access to a stoplight serving the property. The University of Iowa campus is approximately one mile away, providing a nearby institutional presence and surrounding demand context.
The site fronts Highway 1 W in Iowa City, with access to a stoplight serving the property. The University of Iowa campus is approximately one mile away, providing a nearby institutional presence and surrounding demand context.
Key Highlights
- 4,560‑square‑foot freestanding retail building
- CC2 zoning supports the property's retail classification
- Signalized access from Highway 1 W
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,207
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,140
$864.1K
Cap Rate 7%
$617,243
$617.2K
Cap Rate 9%
$480,078
$480.1K
Market Conditions
NOI Build-Up for 4,560 SF
Gross rent
$65.7K $14.40/SF
− Vacancy
−$3.9K −$0.86/SF
EGI
$61.7K $13.54/SF
− OpEx
−$18.5K −$4.06/SF
NOI
$43.2K $9.48/SF
Area
Johnson County, IA
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,140
Cap Rate 7%
$617,243
Cap Rate 9%
$480,078
Alternative Uses
Best Use
Retail
$617.2K
$540.1K – $720.1K
NOI $43,207 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$990.6K
$866.8K – $1.16M
NOI $69,341 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
344k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Superstores 26%
Shops & Services 14%
Groceries 8%
Walmart
Superstores
88,081 visits/mo
0.3 miles
McDonald's
Dining
37,057 visits/mo
0.4 miles
Aldi
Groceries
28,506 visits/mo
0.2 miles
Culver's
Dining
26,507 visits/mo
0.2 miles
Kum & Go
Shops & Services
26,219 visits/mo
0.4 miles
Demographics for 52246, IA
22,829
Population
10,627
Households
2.1
Avg Household Size
29
Median Age
67%
College-Educated
95%
High-School Grad
16.7 sq mi
ZIP Area
1,367
Density / Sq Mi
$55,088
Median Household Income
$28,598
Median Earnings
$1,049
Median Rent
$327,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - CC2-zoned retail property with signalized access along Highway 1 W, approximately one mile from the University of Iowa campus.
Where is this storefront property located?
The property is located at 525 Hwy 1 W Iowa City, IA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 4,560‑square‑foot freestanding retail building; CC2 zoning supports the property's retail classification; Signalized access from Highway 1 W
