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    Property profile & analytics

    2500 Highway 6 Iowa City, IA 52240

    • Industrial properties
    • 342,058 SF
    • 20.20 lot acres
    For Lease
    View listing
    Value Estimation
    $3,645,000
    Last Sale
    Jun 29, 2021
    $4,450,000
    Location Intelligence
    Property ID
    US25-1989511
    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

    • Industrial properties

    Property Details for 2500 Highway 6

    Year built
    1964
    Construction
    STEEL FRAME
    Lot size
    20.20 lot acres
    Property size
    342,058 SF
    Property type
    Industrial properties
    APN
    1024277001
    APU
    1024277001

    Description

    This expansive Iowa City industrial property, located at 2500 Hwy 6 E, offers 23,973 square feet of immediately available flex space within a larger 341,491 square foot manufacturing facility. Built in 1964 and renovated in 1990, the building features impressive ceiling heights ranging from 12 to 25 feet, providing ample vertical space for various industrial operations. The property boasts 19 dock-high doors and 3 drive-in doors, ensuring efficient loading and unloading of goods. Heavy power is readily available, catering to energy-intensive manufacturing processes. The building also includes elevators for convenient multi-level access. Situated on a substantial 20.2-acre lot, this property offers ample outdoor space for storage, expansion, or additional development. The property is zoned for light industrial use and is identified by APN 1024277001 in Johnson County, Iowa. This multi-tenant building presents a unique opportunity for businesses seeking a well-equipped and strategically located manufacturing space in Iowa City, IA 52240. The property's size and features make it suitable for a variety of manufacturing and industrial uses. Contact us today to learn more about this exceptional opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,015,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,775,000
      6.5%
      $3,950,000
      7%
      $4,185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,315,000
      Geo Method
      $4,160,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,640,000
      Retail
      $4,500,000
      Mixed-Use
      $4,630,000
      Hospitality
      $4,775,000
      Educational
      $4,910,000
      Residential Income
      $4,430,000
      Energy
      $3,775,000
      Income-Based Land
      $4,950,000
      Food Service
      $4,400,000

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.4968
    Latitude
    41.6376
    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
    $184,892
    $1,060,500
    $4,073,240
    $5,133,740
    -
    $1,060,500
    $4,073,240
    $5,133,740

    Comparable in this City

    • Value Estimation by Request
      76,049 SF

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    • Value Estimation by Request
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      33.74 Acres

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      145,617 SF

      2258 Heinz Rd

      INDUSTRIAL (GENERAL) • 145,617 SF
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    • Value Estimation by Request
      37.35 Acres

      Herbert Hoover Hwy

      Farms • 37.35 Acres
      0 Herbert Hoover Hwy, Iowa City, IA 52240
      View Details
    • Value Estimation by Request
      35.04 Acres

      Herbert Hoover Hwy

      Farms • 35.04 Acres
      0 Herbert Hoover Hwy, Iowa City, IA 52240
      View Details

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    2500 Highway 6
    Iowa City, IA 52240
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    Realmo Value Estimation

    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.

    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.

    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
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