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Property profile & analytics

2425 Muscatine Ave Iowa City, IA 52240-6647

  • Commercial real estate
  • 15,236 SF
  • 1.56 lot acres
OFF-MARKET
Value Estimations
$740,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US25-2048605
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Redbox / Movie Rental Store / Video Game Rental Kiosk
  • UPS Access Point location / Mailing Service / Shipping Service
  • CDReload Instant Bitcoin / Crypto Atm
  • CVS Pharmacy / Pharmacy
  • Jill Weetman / Pharmacy

Property Details for 2425 Muscatine Ave

Year built
2001
Construction
STEEL FRAME
Lot size
1.56 lot acres
Property size
15,236 SF
Property type
Commercial real estate
APN
1013328002
APU
1013328002

Description

This exceptional investment opportunity presents a fee-simple ownership of a 15,251-square-foot CVS Pharmacy in Iowa City, IA. Located at 2425 Muscatine Ave, 52240, this property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $263,035. The absolute NNN lease with CVS Pharmacy, a credit-rated tenant with a corporate guarantee, ensures minimal landlord responsibilities. The lease, originally signed in 2006 for 25 years, has over 7.2 years remaining on the initial term, with ten 5-year renewal options. The property sits on a 1.56-acre lot and benefits from its prime location across from Towncrest Shopping Center, an 82,000-square-foot retail center anchored by Hy-Vee. The high-traffic area, with over 12,100 vehicles daily on Muscatine Avenue, and a dense population of over 63,800 residents within a three-mile radius, ensures consistent tenant performance. The asking price is $3,757,653, translating to a price per square foot of $246.39. This is a rare opportunity to acquire a stable, high-performing retail investment with a blue-chip tenant and significant long-term potential. The property's strong financials, coupled with its strategic location and the tenant's financial strength, make this an attractive investment for discerning buyers.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $740,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Iowa City
County
Johnson
State
Iowa
Longitude
-91.5001
Latitude
41.6492
CBSA code
26980
CBSA name
IOWA CITY, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$77,772
$696,350
$1,505,250
$2,201,600
-
$696,350
$1,505,250
$2,201,600
More about this property
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