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

    4193 Alyssa Ct Iowa City, IA 52240-8638

    • Warehouses
    • 14,520 SF
    • 1.24 lot acres
    OFF-MARKET
    Last Sale
    Jan 09, 2020
    Value Estimations
    $1,670,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-2367269
    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

    • Fuzzy's Auto Shop / Auto Repair Shop
    • Jonnie 5 Apparel / Department Store
    • Bader Auto Detailing / Car Wash
    • Michael's Auto Repair & Tires / Auto Repair Shop
    • Magni Barbell Club / Gym & Fitness Center

    Property Details for 4193 Alyssa Ct

    Year built
    1998
    Lot size
    1.24 lot acres
    Property size
    14,520 SF
    Property type
    Warehouses
    APN
    1020380004
    APU
    1020380004

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,885,000
      6.5%
      $1,740,000
      7%
      $1,615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,461,000
      Market price range: $811k - $1.69M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,350,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,655,000
      Change: +97% Conversion: Moderate
      RETAIL STORES
      $2,285,000
      Change: +69% Conversion: Moderate
      OFFICE BUILDING
      $1,870,000
      Change: +39% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,370,000
      Change: +2% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,355,000
      Change: +0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.572
    Latitude
    41.6281
    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
    $33,462
    $216,100
    $1,139,800
    $1,355,900
    -
    $216,100
    $1,139,800
    $1,355,900

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      3522 Dolphin Dr Se Ste D

      WAREHOUSE, STORAGE • 1,200 SF
      3522 Dolphin Dr Se Ste D, Iowa City, IA 52240-8153
      View Details
    • Value Estimation by Request
      1,800 SF

      4192 Alyssa Ct, Unit B

      WAREHOUSE, STORAGE • 1,800 SF
      4192 Alyssa Ct, Iowa City, IA 52240-8632
      View Details
    • Value Estimation by Request
      1,200 SF

      3305 Hwy 1st Sw Ste 25b

      WAREHOUSE, STORAGE • 1,200 SF
      3305 Hwy 1st Sw Ste 25b, Iowa City, IA 52240-8509
      View Details
    • Value Estimation by Request
      1,200 SF

      3305 Hwy 1st Sw Ste 29a

      WAREHOUSE, STORAGE • 1,200 SF
      3305 Hwy 1st Sw Ste 29a, Iowa City, IA 52240-8509
      View Details
    • Value Estimation by Request
      1,200 SF

      3594 Perch Dr Se Ste D

      WAREHOUSE, STORAGE • 1,200 SF
      3594 Perch Dr Se Ste D, Iowa City, IA 52240-8012
      View Details
    • Value Estimation by Request
      1,200 SF

      3305 Hwy 1st Sw Ste 10a

      WAREHOUSE, STORAGE • 1,200 SF
      3305 Hwy 1st Sw Ste 10a, Iowa City, IA 52240-8509
      View Details

    Similar Nearby for Sale

    • $1,750,000

      Functional Industrial Property in Iowa

      Versatile warehouse with office space in Iowa City.
      2860 Industrial Park Rd, Iowa City, IA 52240
      View Details
    • Contact for pricing
      61.98 Acres

      Sky Commerce Center: Iowa City

      61-Acre Industrial Development, I-80 Access
      0 Moss Rdg Rd, Iowa City, IA 52240
      View Details
    • $35,000,000
      346,062 SF

      Amazon Last Mile Facility

      Iowa City Distribution Center: Prime Location
      2500 Heinz Rd, Iowa City, IA 52240
      View Details
    • $1,305,000
      7.88 Acres

      Iowa City Development Land

      Prime 7.88-acre corner lot, mixed-use potential.
      S Gilbert & McCollister Cor, Iowa City, IA 52240
      View Details
    • $253,000
      1,748 SF

      Unique Converted Barn Townhouse Condo

      Nationally recognized, turn-of-the-century dairy barn transformed into a townhouse.
      3201 Muscatine Ave, Iowa City, IA 52240
      View Details
    • $2,500,000
      4.86 Acres

      Iowa City Commercial Land For Sale

      4.86 acre commercial land with high visibility in IowaCity.
      34 Escort Ln, Iowa City, IA 52240
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      105,000 SF

      Industrial Space with Ample Parking

      Industrial space featuring docks, parking, and office with restrooms.
      2630 Independence Rd, 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
    • 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
    • $4 SF/Yr
      350,000 SF

      Iowa City Warehouse - 350,000 SF

      Large industrial warehouse, prime Iowa City location.
      2630 Independence Rd, Iowa City, IA 52240
      View Details
    • $5 SF/Yr
      189,922 SF

      Shared Warehouse Space in IowaCity

      38,500 SF shared warehouse space available for lease.
      2239 Heinz Rd, Iowa City, IA 52240
      View Details
    • New
      $1,925 /Mo
      2,614 SF

      Iowa City Commercial Flex Space

      2400 SF flex space with highway frontage and parking.
      3305 Highway 1 SW, Iowa City, IA 52240
      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.
    4193 Alyssa Ct
    Iowa City, IA 52240-8638
    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.