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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    32 Clinton St Iowa City, IA 52240-3912

    • Commercial real estate
    • 6,526 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    9.3%
    Commercial real estate
    Location Intelligence
    Property ID
    US25-2083717
    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

    • Pancheros Mexican Grill - Downtown Iowa City / Restaurant

    Property Details for 32 Clinton St

    Year built
    1900
    Construction
    WOOD
    Lot size
    0.05 lot acres
    Property size
    6,526 SF
    Property type
    Commercial real estate
    APN
    1010311024
    APU
    1010311024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $535,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $835,000
      6.5%
      $770,000
      7%
      $715,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $701,000
      Market price range: $337k - $1.06M
      AI Estimate
      $879,000
      Market price range: $363k - $1.33M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $615,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,195,000
      Change: +94% Conversion: Difficult
      RETAIL STORES
      $1,025,000
      Change: +67% Conversion: Easy
      OFFICE BUILDING
      $840,000
      Change: +37% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $610,000
      Change: -1% Conversion: Moderate
      WAREHOUSE, STORAGE
      $605,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.5343
    Latitude
    41.6603
    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
    $38,270
    $353,100
    $706,460
    $1,059,560
    -
    $353,100
    $706,460
    $1,059,560

    Comparable in this City

    • Value Estimation by Request

      36 Aniston St

      COMMERCIAL (GENERAL)
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      91 Aniston St

      COMMERCIAL (GENERAL)
      91 Aniston St, Iowa City, IA 52240-2216
      View Details
    • Value Estimation by Request
      17.70 Acres

      2284 Black Diamond SW Rd

      COMMERCIAL (GENERAL) • 17.70 Acres
      2284 Black Diamond SW Rd, Iowa City, IA 52240-8545
      View Details
    • Value Estimation by Request

      1076 Chamberlain Dr

      COMMERCIAL (GENERAL)
      1076 Chamberlain Dr, Iowa City, IA 52240-2952
      View Details
    • Value Estimation by Request

      201 Clinton St Ste 100d

      COMMERCIAL (GENERAL)
      201 Clinton St Ste 100d, Iowa City, IA 52240-4011
      View Details
    • Value Estimation by Request

      201 Clinton St Ste 100c

      COMMERCIAL (GENERAL)
      201 Clinton St Ste 100c, Iowa City, IA 52240-4011
      View Details

    Similar Nearby for Sale

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      7.88 Acres

      Iowa City Development Land

      Prime 7.88-acre corner lot, mixed-use potential.
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      Commercial land available for ground lease, BTS, or sale.
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    • $899,900

      Top Floor Condo Downtown Location

      3-bedroom condo near shops, restaurants, and the University of Iowa.
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      Fully leased retail building on Iowa City's growing east side.
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    • $199,900
      0.87 Acres

      Residential Lot Ready For Building

      Unimproved 0.87 acre residential lot ready for building with private well.
      4953 Rapid Creek Rd NE, Iowa City, IA 52240
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    • New
      $265,000
      1.50 Acres

      Residential Land in Private Neighborhood

      Unimproved land with timber views, near Coralville Reservoir trails.
      23 Meadowlark Ln NE, Iowa City, IA 52240
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    Similar Nearby for Lease

    • $22 SF/Yr
      25,699 SF

      Iowa City Retail Space: The Edge

      Prime Downtown Iowa City Retail - Two Spaces Available
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    • $45 SF/Yr
      1,100 SF

      Prime Iowa City Retail Space

      Downtown Iowa City retail, 1100 sq ft.
      124 Clinton St, Iowa City, IA 52240
      View Details
    • $1,925 /Mo

      Iowa City Commercial Flex Space

      2400 SF flex space available for immediate lease.
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    • 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
    • New
      $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
    • $960 /Mo
      Pending

      Affordable Iowa City Flex Space

      1440 SF flex space for lease in Iowa City.
      114 Stevens Dr, Iowa City, IA 52240
      View Details
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    32 Clinton St
    Iowa City, IA 52240-3912
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    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
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