Retail Space on Highway
521-525 Hwy 1 W Iowa City, IA
521-525 Hwy 1 W, Iowa City, IA, 00000
Contact for pricing
For Sale
Contact for pricing
Retail property for sale with high visibility and access.
Property Size4,560 SF
Lot Size0.49 Acres
Price / SF$252.19
Days on Market234
Property Features for 521-525 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) 490-0551
Listed by
Mike Cunningham
(515) 490-0551
Source
Moodyscre
Added: Nov 24, 2025 Checked: Jul 16 at 8:43 am
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.
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
Local Financial Insights For Specialty Retail
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 | $70.6k | $15.48 |
| − Vacancy | −$6.0k | −$1.31 |
| EGI | $64.6k | $14.17 |
| − OpEx | −$16.2k | −$3.54 |
| NOI | $48.5k | $10.63 |
4,560 SF · lease $15.48/SF/yr · vacancy 8.44% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$692.5K
$605.9K – $807.9K
NOI $48,473 @ 7.0% cap · market cap 4.22%
Second Best
Retail
$617.2K
$540.1K – $720.1K
NOI $43,207 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$990.6K
$866.8K – $1.16M
NOI $69,341 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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 521-525 Hwy 1 W Iowa City, IA.
What is the asking price?
The asking price for this property is $1,150,000.
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
