Renovated Office
For Sale
$875,000
528 S Clinton St, Iowa City, IA 52240
Downtown office property with surface parking near the courthouse and campus.
Property Size2,709 SF
Price / SF$322
Days on Market51
Property Features for 528 S Clinton St
General Information
Standard status
Active
Size
2,709 SF
Property subtype
Commercial
Zoning
PRM
Taxes and HOA fees
Annual Taxes
$17,314
Amenities
Carpet
7500 Sq Ft
0.17
CountyRoad
Building Details
Year Built
1959
Listing Agency:
SKOGMAN REALTY
(319) 393-0900
Listed By:
Lydia Fitzgerald
(319) 213-1157
Source:
Pinnaclerealtyia
Added: Aug 30
Changed: Oct 19
Last Checked: Oct 19 at 4:37AM
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 SKOGMAN REALTY
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.
Renovated office property at 528 S Clinton St in Iowa City, with 2,709 of property size and carpeted interior finishes. The building was constructed in 1959 and is identified under PRM zoning. Surface parking is available on site. The property is positioned downtown, approximately one block south of the courthouse and close to campus.
Key Highlights
- Fully renovated downtown office property
- Surface parking available on site
- Approximately one block south of the courthouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,086
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,720
$621.7K
Cap Rate 7%
$444,086
$444.1K
Cap Rate 9%
$345,400
$345.4K
Market Conditions
NOI Build-Up for 2,709 SF
Gross rent
$48.8K $18.00/SF
− Vacancy
−$7.3K −$2.70/SF
EGI
$41.4K $15.30/SF
− OpEx
−$10.4K −$3.82/SF
NOI
$31.1K $11.48/SF
Area
Johnson County, IA
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,720
Cap Rate 7%
$444,086
Cap Rate 9%
$345,400
Alternative Uses
Best Use
Office B
$444.1K
$388.6K – $518.1K
NOI $31,086 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$588.5K
$514.9K – $686.6K
NOI $41,194 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,445
Businesses Nearby
Explore this area
Business Placement
Demographics for 52240, IA
34,224
Population
17,035
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
94%
High-School Grad
142.1 sq mi
ZIP Area
241
Density / Sq Mi
$55,189
Median Household Income
$25,508
Median Earnings
$1,065
Median Rent
$241,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Downtown office property with surface parking near the courthouse and campus.
Where is this office building located?
The property is located at 528 S Clinton St Iowa City, IA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Fully renovated downtown office property; Surface parking available on site; Approximately one block south of the courthouse
