673 Westbury Dr Iowa City, IA 52245
Office suites with high visibility, ideal for owner-user.
- Added:
- Jan 26, 2026
- Days on Market:
- 166
- Last Refresh:
- Jul 5 at 1:09 pm
Property Features for 673 Westbury Dr
General Information
- Standard status
- Active
- Size
- 5,434 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing office Lepic-Kroeger, REALTORS
Listing date Jan 26, 2026
Source Crexi
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 Lepic-Kroeger, REALTORS
Investment Insights
Based on property information with market context.
Key Highlights
- High visibility location on Rochester Ave/Herbert Hoover Hwy.
- Combination of two well‑maintained suites totaling 5434 SF (3855 SF top floor + 1579 SF first floor).
- Potential for high CAP rate (over 11% at $12 NNN market rent).
Local Financial Insights For Office B
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 | $97.8k | $18.00 |
| − Vacancy | −$14.7k | −$2.70 |
| EGI | $83.1k | $15.30 |
| − OpEx | −$20.8k | −$3.82 |
| NOI | $62.4k | $11.48 |
