Retail Suite with Open
New
For Sale
$425,000
740 Community Dr, North Liberty, IA 52317
C-2-A-zoned space features two large rooms suited to a range of retail, service, or commercial operations.
Property Size2,220 SF
Price / SF$191.44
Days on Market5
Property Features for 740 Community Dr
General Information
Standard status
Active
Size
2,220 SF
Property subtype
Commercial
Zoning
C-2-A
Taxes and HOA fees
Annual Taxes
$11,296
Amenities
ConcreteSlabGrade
ZeroStepEntry
Irregular
1.59
CountyRoad,Paved
Building Details
Year Built
2019
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 393-0900
Listed By:
Tiffany McGaffee
(319) 213-1606
Source:
Pinnaclerealtyia
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 5:38PM
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.
Suite C is a 2,220-square-foot retail and service space with two large open rooms. The building was constructed in 2019 and has a zero-step entrance and concrete slab at grade. Zoning is C-2-A.
The property is near the intersection of W Penn and Hwy 965. Nearby businesses include Tin Roost, Field Day Brewing Co., Artisan Insight Studio, and Enrichment Therapy & Learning Center.
The property is near the intersection of W Penn and Hwy 965. Nearby businesses include Tin Roost, Field Day Brewing Co., Artisan Insight Studio, and Enrichment Therapy & Learning Center.
Key Highlights
- 2,220 SF retail and service suite
- Two large open rooms
- C‑2‑A zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,035
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,700
$420.7K
Cap Rate 7%
$300,500
$300.5K
Cap Rate 9%
$233,722
$233.7K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$32.0K $14.40/SF
− Vacancy
−$1.9K −$0.86/SF
EGI
$30.0K $13.54/SF
− OpEx
−$9.0K −$4.06/SF
NOI
$21.0K $9.48/SF
Area
Johnson County, IA
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,700
Cap Rate 7%
$300,500
Cap Rate 9%
$233,722
Alternative Uses
Best Use
Retail
$300.5K
$262.9K – $350.6K
NOI $21,035 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.3K
$422.0K – $562.6K
NOI $33,758 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - C-2-A-zoned space features two large rooms suited to a range of retail, service, or commercial operations.
Where is this retail space located?
The property is located at 740 Community Dr North Liberty, IA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,220 SF retail and service suite; Two large open rooms; C‑2‑A zoning
