Standalone Office
For Sale
Contact for pricing
536 Southgate Ave, Iowa City, IA 52240
Remodeled office property with private rooms, shared workspace, conference facilities, restrooms, and on-site parking.
Property Size2,048 SF
Price / SF$144.04
Days on Market94
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Property Features for 536 Southgate Ave
General Information
Standard status
Active
Size
2,048 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Building Details
Year Built
1981
Year Renovated
2014
Buildings
1
Building Size
2,048 SF
Listing Agency:
CBRE
(515) 224-4900
Listed By:
Bill Wright · License #S33231000
(515) 210-3050
Source:
Moodyscre
Added: Jul 14
Changed: Oct 12
Last Checked: Oct 15 at 1:31AM
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 CBRE
Investment Insights
Based on property information with market context.
This standalone office building contains 2,048 square feet configured with three private offices, a conference room, an open work area, and two restrooms. Constructed in 1981 and remodeled in 2014, the property includes finished office improvements and on-site parking.
The building is located at 536 Southgate Ave in south Iowa City, minutes from Highway 6. Its office layout and existing improvements support professional or medical office use.
The building is located at 536 Southgate Ave in south Iowa City, minutes from Highway 6. Its office layout and existing improvements support professional or medical office use.
Key Highlights
- 2,048 square feet of office space
- Three private offices, conference room, and open work area
- Two restrooms and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,501
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,020
$470.0K
Cap Rate 7%
$335,729
$335.7K
Cap Rate 9%
$261,122
$261.1K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$36.9K $18.00/SF
− Vacancy
−$5.5K −$2.70/SF
EGI
$31.3K $15.30/SF
− OpEx
−$7.8K −$3.82/SF
NOI
$23.5K $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%
$470,020
Cap Rate 7%
$335,729
Cap Rate 9%
$261,122
Alternative Uses
Best Use
Office B
$335.7K
$293.8K – $391.7K
NOI $23,501 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$444.9K
$389.3K – $519.1K
NOI $31,143 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
683
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Remodeled office property with private rooms, shared workspace, conference facilities, restrooms, and on-site parking.
Where is this office building located?
The property is located at 536 Southgate Ave Iowa City, IA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,048 square feet of office space; Three private offices, conference room, and open work area; Two restrooms and on‑site parking
