North Liberty Flex/Industrial
For Sale
$310,000
580 N Madison Ave, North Liberty, IA 52317
3,300 SF flex/industrial property in North Liberty, Iowa.
Property Size3,300 SF
Price / SF$93.94
Days on Market174
Property Features for 580 N Madison Ave
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Commercial
Zoning
C-1-B
Taxes and HOA fees
Annual Taxes
$8,084
Amenities
Carpet,Vinyl
ZeroStepEntry
Irregular
0.2
CountyRoad,Paved
Building Details
Year Built
2002
Listing Agency:
Cedar Valley Property Solutions-New Hampton
(319) 333-2886
Listed By:
Ali Rashid · License #B33730000
(319) 333-2886
Source:
Pinnaclerealtyia
Added: Mar 3
Changed: Aug 23
Last Checked: Aug 21 at 5:18PM
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 Cedar Valley Property Solutions-New Hampton
Investment Insights
Based on property information with market context.
This 3,300 square foot property is located in North Liberty, Iowa. The property is suitable for flex space, industrial, office, and warehouse uses.
Key Highlights
- 3,300 SF of flexible/industrial space.
- Located in North Liberty, Iowa.
- Built in 2002.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,751
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$395,020
$395.0K
Cap Rate 7%
$282,157
$282.2K
Cap Rate 9%
$219,456
$219.5K
Market Conditions
NOI Build-Up for 3,300 SF
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.
Gross rent
$29.7K $9.00/SF
− Vacancy
−$1.5K −$0.45/SF
EGI
$28.2K $8.55/SF
− OpEx
−$8.5K −$2.56/SF
NOI
$19.8K $5.98/SF
Area
Johnson County, IA
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$395,020
Cap Rate 7%
$282,157
Cap Rate 9%
$219,456
Alternative Uses
Best Use
Industrial
$282.2K
$246.9K – $329.2K
NOI $19,751 @ 7.0% cap · market cap 6.37%
Second Best
Flex RnD
$211.5K
$185.1K – $246.8K
NOI $14,805 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$716.9K
$627.3K – $836.4K
NOI $50,181 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 52317, IA
22,096
Population
9,125
Households
2.4
Avg Household Size
32
Median Age
54%
College-Educated
99%
High-School Grad
34.4 sq mi
ZIP Area
642
Density / Sq Mi
$108,156
Median Household Income
$57,950
Median Earnings
$1,221
Median Rent
$314,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 3,300 SF flex/industrial property in North Liberty, Iowa.
Where is this flex space located?
The property is located at 580 N Madison Ave North Liberty, IA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 3,300 SF of flexible/industrial space.; Located in North Liberty, Iowa.; Built in 2002.
