Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    S Gilbert & McCollister Cor Iowa City, IA 52240
    Back to Search
    Property profile & analytics

    S Gilbert & McCollister Cor, Iowa City, IA 52240

    View on Map
    • Land
    • 7.88 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for S Gilbert & McCollister Cor

    Lot size
    7.88 lot acres
    Property type
    Land

    Description

    This exceptional 7.88-acre parcel, located at the southeast corner of South Gilbert Street and McCollister Street in Iowa City, IA, presents a unique opportunity for multi-family or mixed-use development. Zoned ID-RM, this property offers significant potential for medium-density housing options such as townhouses, multiplexes, cottages, and/or commercial uses. Its enviable location directly across from the 152-acre Terry Trueblood Recreation Area provides unparalleled access to a picturesque lake, extensive bike trails, wooded areas, and stunning river views. Residents will enjoy convenient access to kayaking, paddle boarding, paddle boats, and an event lodge within the park. The property's zoning designation within Iowa City's South District Form-based Code includes T4 Neighborhood Small, T4 Neighborhood Medium, and T4 Neighborhood Medium-open classifications. The asking price is $1,305,000, translating to $165,609.14 per acre. The property's APN is 1022453006. This is a rare opportunity to develop a thriving community in a highly desirable location with exceptional recreational amenities nearby. The property is situated in Johnson County, Iowa, with a 52240 zip code.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.5273
    Latitude
    41.6283

    Comparable in this City

    • Value Estimation by Request
      13.84 Acres

      S Gilbert & McCollister Cor

      Land
      S Gilbert & McCollister Cor, Iowa City, IA 52240
      View Details
    • Value Estimation by Request

      34 Acres M Mccollister Blvd / Sycamore St

      Land
      34 Acres M Mccollister Blvd / Sycamore St, Iowa City, IA 52240
      View Details
    • Value Estimation by Request
      80.55 Acres

      Lynden Heights Rd

      Land
      0 Lynden Heights Rd, Iowa City, IA 52240
      View Details
    • Value Estimation by Request
      7.68 Acres

      Iwv Commercial Park

      Land
      0 Iwv Commercial Park, Coralville, IA 52240
      View Details
    • Value Estimation by Request
      2.05 Acres

      Iwv Commercial Park

      Land
      0 Iwv Commercial Park, Iowa City, IA 52240
      View Details
    • Value Estimation by Request
      19.30 Acres

      Village Dr

      Land
      0 Village Dr, Tiffin, IA 52240
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,532 SF

      Large Acreage Land Opportunity

      8.5 acres of land with development potential.
      3010 Sycamore St, Iowa City, IA 52240
      View Details
    • Contact for pricing
      4,968 SF

      Iowa City Cooperative Investment Property

      100-unit cooperative project with units leased, great investment opportunity.
      1100 Arthur St, Iowa City, IA 52240
      View Details
    • Contact for pricing
      3,508 SF

      Income Property Near Downtown

      Eight-bedroom income property with flexible layout and ample parking.
      728 Bowery St, Iowa City, IA 52240
      View Details
    • Contact for pricing
      2,263 SF

      Iowa City Duplex For Sale

      Two-unit rental property with leases in place until August 2027.
      Unknown, Iowa City, IA 52240
      View Details
    • Contact for pricing
      Pending

      Iowa City Multifamily Investment Property

      Multifamily property with existing tenants and income in Iowa City.
      Unknown, Iowa City, IA 52240
      View Details
    • Contact for pricing
      3,020 SF

      Iowa City Multifamily Investment Property

      Multifamily property near College Green Park with strong rental history.
      Unknown, Iowa City, IA 52240
      View Details

    Similar Nearby for Lease

    • $425 /Mo

      Downtown Iowa City Office Space

      Move-in ready office space with shared amenities in downtown Iowa City.
      332 S Linn St, Iowa City, IA 52240
      View Details
    • $2,260 /Mo

      Downtown Iowa City Office Space

      Move-in ready office space in downtown Iowa City for rent.
      332 S Linn St, Iowa City, IA 52240
      View Details
    • Contact for pricing
      43,560 SF

      Remodeled Commercial Building in IowaCity

      Remodeled commercial building suitable for restaurant, retail, or office.
      1029 S Riverside Dr, Iowa City, IA 52240
      View Details
    • $1,925 /Mo
      2,614 SF

      Iowa City Commercial Flex Space

      2400 SF flex bay with office and warehouse space.
      3305 Highway 1 SW, Iowa City, IA 52240
      View Details
    • $350 /Mo

      Downtown Iowa City Office Space

      Move-in ready office space with shared amenities in downtown Iowa City.
      332 S Linn St, Iowa City, IA 52240
      View Details
    • Contact for pricing
      23,973 SF

      Available Office Space with Parking

      23,973 SF office space with parking near I-80.
      2500 Highway 6 E, Iowa City, IA 52240
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    S Gilbert & McCollister Cor
    Iowa City, IA 52240
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    S Gilbert & McCollister Cor, Iowa City, IA, 52240
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!