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    OFF-MARKET Estimated value $1,315,000
    Strip malls

    175 Hwy 965th NE, North Liberty, IA 52317-6705

    7,500 SF 4.24 ac lot Built 1994
    Entity Owned 17-yr Hold ~ Est. High Equity
    Property ID
    US25-2388892
    Property summary
    AI-generated overview

    This exceptional North Liberty, IA office space, located at 175 Hwy 965, Suite 5, offers 7,788 square feet across five single-story buildings situated on 4.93 acres. Recently renovated in 2023, the property boasts new carpet tiles, 8” LVP wood plank flooring, fresh paint, and a modern office build-out. The space is currently fully leased as a multi-tenant property, offering a unique opportunity for businesses seeking a fixed-cost solution. Enjoy the convenience of all utilities included – heat, air conditioning, electricity, water, and restroom maintenance – with zero CAM and zero taxes. The monthly rent is $2145, which also includes internet and phone service. Ample parking is available with 133 spaces. High visibility is ensured by its location on busy Hwy 965, with access to a large sign panel and the option for low-cost advertising on a 4'x12' LED panel. The property is zoned C-2 and is in Johnson County, IA, zip code 52317. Shared men's and women's restrooms are conveniently located down a common hall. This is a rare opportunity to secure a fully renovated, all-inclusive office space with predictable monthly costs.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1994
    Total area 7,500 SF
    Lot 4.24 ac (184,746 SF)
    APN 612376002
    UPID US25-2388892
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Liberty Plaza Shopping Center & Mall
    • Beardshear Fitness Gym & Fitness Center
    • Velocity Farm Gym & Fitness Center
    • Orosz Michael DPM Physician
    • A Chocolate Studio Specialty Food Shop Candy Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.23M
    Comparable Approach Comparable
    $1.48M
    Blend (final) Blend
    $1.32M
    Owner & transaction history
    Twopoint2 LLC · 17 yrs held
    Twopoint2 LLC
    since 2008
    1 recorded transaction
    2008
    $1.6M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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