Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    306 Scott Ct Iowa City, IA 52245-3951

    • Commercial real estate
    • 979 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-1989522
    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

    • Village Caregiving / Home Health Care Service

    Property Details for 306 Scott Ct

    Year built
    2000
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    979 SF
    Property type
    Commercial real estate
    APN
    907371003
    APU
    907371003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.4817
    Latitude
    41.6579
    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
    $2,116
    $15,300
    $97,180
    $112,480
    -
    $15,300
    $97,180
    $112,480

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      Johnson St

      COMMERCIAL (GENERAL) • 0.09 Acres
      Johnson St, Iowa City, IA 52245
      View Details
    • Value Estimation by Request

      1439 Bloomington St

      COMMERCIAL (GENERAL)
      1439 Bloomington St, Iowa City, IA 52245-3111
      View Details
    • Value Estimation by Request

      353 Westbury Ct

      COMMERCIAL (GENERAL)
      353 Westbury Ct, Iowa City, IA 52245-2717
      View Details
    • Value Estimation by Request

      202 Linn St Ste, Unit 101

      COMMERCIAL (GENERAL)
      202 Linn St Ste, Iowa City, IA 52245-2210
      View Details
    • Value Estimation by Request

      209 Dodge St

      COMMERCIAL (GENERAL)
      209 Dodge St, Iowa City, IA 52245
      View Details
    • Value Estimation
      $2,260,000
      17,792 SF

      310 Johnson St

      COMMERCIAL (GENERAL) • 17,792 SF
      310 Johnson St, Iowa City, IA 52245-2834
      View Details

    Similar Nearby for Sale

    • $227,383
      2.22 Acres

      Iowa City Commercial Land Opportunity

      2.22-acre lot, $227,383
      3025 Northgate Dr, Iowa City, IA 52245
      View Details
    • $419,900
      2,496 SF

      Iowa City Student Housing Opportunity

      Goosetown gem: 4-bed, 2-unit multifamily.
      415 Governor St, Iowa City, IA 52245
      View Details
    • $529,000

      Iowa City Mixed-Use Building

      Three-story live/work building in the Peninsula Neighborhood.
      1010 Martin St, Iowa City, IA 52245
      View Details
    • Contact for pricing
      1.00 Acre

      Gateway District: Iowa City Land

      Prime Iowa City commercial land, I-80 access.
      0 Dubuque St, Iowa City, IA 52245
      View Details
    • $324,900

      Modern Townhome Near Downtown

      Updated townhome with modern amenities, close to downtown and transportation.
      751 Mission Point Rd, Iowa City, IA 52245
      View Details
    • $1,050,000
      3,855 SF

      Eastside Office Suites For Sale

      High-visibility office suites in IowaCity, ideal for owner-user or investment.
      673 Westbury Dr, Iowa City, IA 52245
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      Iowa City Office Space Available

      5060 SF office suite for sale or lease.
      2545 N Dodge St, Iowa City, IA 52245
      View Details
    • $11 SF/Yr
      86,249 SF

      Spacious Office Suite For Rent

      Impressive 17,967 SF office suite with included furniture.
      2834 Northgate Dr, Iowa City, IA 52245
      View Details
    • $4,500 /Mo
      39,204 SF

      Iowa City Commercial Space Available

      Top floor commercial space with build-out potential in Iowa City.
      2122 Act Cir, Iowa City, IA 52245
      View Details
    • $13 SF/Yr
      87,120 SF

      Iowa City Commercial Suite For Rent

      2639 SF suite with exam and fabrication space available.
      3030 Northgate Dr, Iowa City, IA 52245
      View Details
    • $16 SF/Yr
      1,200 SF

      Retail/Office Space in Coralville

      Turnkey retail/office space in Riverview Square, Coralville, Iowa.
      400 1St Ave, Coralville, IA 52245
      View Details
    • $13 SF/Yr
      87,120 SF

      Well-Appointed Office Suite For Rent

      Office suite with reception, waiting area, and five private offices.
      3030 Northgate Dr, Iowa City, IA 52245
      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.
    306 Scott Ct
    Iowa City, IA 52245-3951
    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

    Google sign-in failed. Please try again or use another login method.