Two-Room Retail
For Sale
$425,000
740 Community Drive Unit C, North Liberty, IA 52317
A flexible commercial layout offers two expansive open areas for retail, service, or other business use.
Property Size2,220 SF
Price / SF$191.44
Days on Market8
Property Features for 740 Community Drive Unit C
General Information
Standard status
Active
Size
2,220 SF
Property subtype
Commercial
Lease Term
[]
Additional Details
Highway Access
Yes
Building Details
Year Built
2019
Listing Agency:
Lepic-Kroeger,REALTORS
Listed By:
Jeff Edberg · License #B33730000
(319) 331-6187
Source:
Cbhrealty
Added: Oct 6
Changed: Oct 11
Last Checked: Oct 12 at 8:04PM
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 at 740 Community Drive provides approximately 2,220 square feet in a retail and service setting. The interior is arranged as two large open rooms, offering a straightforward layout that can accommodate a range of commercial activities. The building was constructed in 2019.
The property is near the W Penn and Hwy 965 intersection, with Tin Roost and Field Day Brewing Co. nearby. Other occupants in the building include Artisan Insight Studio and Enrichment Therapy & Learning Center.
The property is near the W Penn and Hwy 965 intersection, with Tin Roost and Field Day Brewing Co. nearby. Other occupants in the building include Artisan Insight Studio and Enrichment Therapy & Learning Center.
Key Highlights
- Approximately 2,220 square feet of retail or service space
- Two large open rooms
- Built in 2019
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
Lease Details
Yes
Highway access
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
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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 - A flexible commercial layout offers two expansive open areas for retail, service, or other business use.
Where is this retail space located?
The property is located at 740 Community Drive Unit C 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: Approximately 2,220 square feet of retail or service space; Two large open rooms; Built in 2019
