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Property profile & analytics

323 Cherry St North Liberty, IA 52317-9782

  • Warehouses
  • 6,480 SF
  • 3.90 lot acres
OFF-MARKET
Value Estimations
$640,000
Show details
Cap Rate Potential
10%
Warehouses
Location Intelligence
Property ID
US25-2439609
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

  • Warehouses

Property Details for 323 Cherry St

Year built
1978
Construction
FRAME
Lot size
3.90 lot acres
Property size
6,480 SF
Property type
Warehouses
APN
612451010
APU
612451010

Description

This exceptional 6,480-square-foot industrial property in North Liberty, IA, offers a unique blend of flex, warehouse, distribution, and R&D space. Situated on 5.44 acres, this single-tenant building boasts a 14-foot ceiling height and is conveniently located off Cherry Street, between Cherry Street and Zeller, providing easy access to I-380 and I-80. Built in 2004, the property features 1,944 square feet of climate-controlled space with forced air heating and cooling, metal lining, and an 8'x12' connecting door to the remaining 4,536 square feet of open warehouse space. The warehouse area includes a 12'x12' overhead door and a 3'x0' man door. The property also includes a painted concrete floor, a stainless steel sink, a safety shower, a water softener, and a substantial 3-phase electrical service. Ample parking is available, with the potential for expansion. The zoning is industrial. The gross monthly lease is $3,942, plus separately metered utilities. This property is ideal for a variety of uses and offers flexible lease terms. Twenty or more parking spaces are available, with potential for more.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $505,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $840,000
    6.5%
    $775,000
    7%
    $720,000
  • Alternative Use

    Use
    Estimation
    WAREHOUSE, STORAGE
    $700,000
    Current use
    OFFICE BUILDING
    $835,000
    Change: +19% Conversion: Difficult
    COMMERCIAL (GENERAL)
    $710,000
    Change: +1% Conversion: Difficult
    INDUSTRIAL (GENERAL)
    $605,000
    Change: -14% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
North Liberty
County
Johnson
State
Iowa
Longitude
-91.6036
Latitude
41.7464
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
$20,740
$407,700
$272,700
$680,400
-
$407,700
$272,700
$680,400
More about this property
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