Property profile

2717 Northgate Dr Iowa City, IA 52245

OFF-MARKET
Commercial real estate
Property ID
US25-2072561
10,206 SF 2.14 ac lot Built 1989
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1989
Construction WOOD
Total area 10,206 SF
Lot 2.14 ac (93,262 SF)
APN 736304003
UPID US25-2072561

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center

Location

2717 Northgate Dr Iowa City, IA 52245-9567
Iowa City metro Census 100 IOWA CITY, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.21M
Comparable Approach Comparable
$884k
Blend (final) Blend
$1.07M

Owner & transaction history

since 2019
2 recorded transactions
2022
Price N/A
2019
$975,000

Zoning & alternative use

Top alternative use upside
Retail stores $1.6M +32.9%
Office building $1.3M +8.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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