Retail Space on Highway
For Sale
Contact for pricing
5252 Hwy 1 W, Iowa City, IA
Retail property for sale with high visibility and access.
Property Size4,560 SF
Lot Size0.49 Acres
Price / SF$213.82
Days on Market326
Property Features for 5252 Hwy 1 W
General Information
Standard status
Active
Size
4,560 SF
Lot size
0.49 Acres
Property subtype
RETAIL
Listing Agency:
Buyers Realty, Inc.
(515) 277-4000
Listed By:
Mike Cunningham · License #S43122000
(515) 490-0551
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Oct 13
Last Checked: Oct 15 at 2:27AM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A retail space is available for sale off the highly trafficked Highway 1. The property is located along a retail corridor, near many national retail tenants including Walmart, Starbucks, Firehouse Subs, Fin & Feather, McDonald’s, and Staples. Currently, The Wedge Pizzeria occupies 2,000 square feet on a short term lease. The property has great visibility and access from Highway 1. The property size is 4,560 square feet. Restrictions for this location will include pizza, bakery items, fuel, tobacco, and alcohol for off-premises consumption; all other uses will be acceptable.
Key Highlights
- Great visibility and access from Highway 1
- Located along retail corridor, near many national retail tenants
- Former Deli‑Mart is available for sale off the highly trafficked Highway 1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,473
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$969,460
$969.5K
Cap Rate 7%
$692,471
$692.5K
Cap Rate 9%
$538,589
$538.6K
Market Conditions
NOI Build-Up for 4,560 SF
Gross rent
$70.6K $15.48/SF
− Vacancy
−$6.0K −$1.31/SF
EGI
$64.6K $14.17/SF
− OpEx
−$16.2K −$3.54/SF
NOI
$48.5K $10.63/SF
Area
Johnson County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$969,460
Cap Rate 7%
$692,471
Cap Rate 9%
$538,589
Alternative Uses
Best Use
Specialty Retail
$692.5K
$605.9K – $807.9K
NOI $48,473 @ 7.0% cap · market cap 4.97%
Second Best
Retail
$617.2K
$540.1K – $720.1K
NOI $43,207 @ 7.0% cap · market cap 4.43%
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
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Current Use
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
78k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 69%
Shops & Services 31%
Menards
Home Improvements & Furnishings
53,965 visits/mo
0.2 miles
Phillips 66
Shops & Services
13,779 visits/mo
0.3 miles
Dollar Tree
Shops & Services
7,663 visits/mo
0.4 miles
BP
Shops & Services
2,543 visits/mo
0.3 miles
Red Dot Storage
Shops & Services
379 visits/mo
0.2 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property for sale with high visibility and access.
Where is this retail space located?
The property is located at 5252 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: Great visibility and access from Highway 1; Located along retail corridor, near many national retail tenants; Former Deli‑Mart is available for sale off the highly trafficked Highway 1
