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    Property profile & analytics

    5 Lions Dr North Liberty, IA 52317

    • Medical offices
    • 12,515 SF
    • 0.80 lot acres
    For Sale
    View listing
    $2,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-2297588
    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

    • North Liberty Dialysis Unit / Dialysis Center

    Property Details for 5 Lions Dr

    Year built
    1997
    Construction
    WOOD
    Lot size
    0.80 lot acres
    Property size
    12,515 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    613454002
    APU
    613454002

    Description

    This exceptional 12,515-square-foot medical office complex in North Liberty, Iowa, is available for $2,500,000. Located at 5 Lions Dr, 52317, this property boasts a prime location on Hwy #965, enjoying high visibility with 14,100 cars passing daily. Built in 1997, the building features a well-designed layout including over 35 offices, conference rooms, work areas, a reception area, and physical therapy spaces. Currently configured for use as two suites (approximately 8,500 sq ft and 4,030 sq ft), it offers flexibility for various medical practices. The property sits on a lot ranging from 1 to 5 acres, with ample parking (84 spaces). The building is in excellent condition and can be vacated within 60 days. Utilities include cable TV, electricity, natural gas, sewer, telephone, underground utilities, and city water. The HVAC system includes central air conditioning and forced-air gas heating. Flooring consists of carpet, ceramic tile, and vinyl tile. The building features a sprinkler system, brick and frame construction, and a composition roof. The property is zoned C-2-A. Tax ID is 0613454002 (2020 tax report shows $71,961). Lot dimensions are 225x345 feet, with county/city road pavement frontage. An adjacent 3,723 sq ft building is also available for purchase

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $802,000
      Market price range: $490k - $1.39M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,000,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Liberty
    County
    Johnson
    State
    Iowa
    Longitude
    -91.6068
    Latitude
    41.7308
    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
    $68,134
    $277,300
    $1,880,500
    $2,157,800
    -
    $277,300
    $1,880,500
    $2,157,800

    Comparable in this City

    • Value Estimation by Request
      5,533 SF

      525 Cherry St

      MEDICAL BUILDING • 5,533 SF
      525 Cherry St, North Liberty, IA 52317-9797
      View Details
    • Value Estimation
      $565,000
      13,631 SF

      550 Madison Ave

      MEDICAL BUILDING • 13,631 SF
      550 Madison Ave, North Liberty, IA 52317-8401
      View Details
    • Value Estimation by Request
      5,167 SF

      585 Cherry St

      MEDICAL BUILDING • 5,167 SF
      585 Cherry St, North Liberty, IA 52317-9797
      View Details
    • Value Estimation by Request
      4,272 SF

      115 Hwy 965th NE

      MEDICAL BUILDING • 4,272 SF
      115 Hwy 965th NE, North Liberty, IA 52317-9708
      View Details
    • Value Estimation
      $970,000
      21,442 SF

      1765 Lininger Ln

      MEDICAL BUILDING • 21,442 SF
      1765 Lininger Ln, North Liberty, IA 52317-2335
      View Details
    • Value Estimation by Request
      5,552 SF

      420 Community Dr

      MEDICAL BUILDING • 5,552 SF
      420 Community Dr, North Liberty, IA 52317-6706
      View Details

    Similar Nearby for Sale

    • $2,500,000
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      North Liberty Commercial Medical Office

      Medical office building with leased space and vacant suite.
      5 Lions Dr, North Liberty, IA 52317
      View Details
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      Prime North Liberty Commercial Land

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    • $853,427
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      Landon Road Commercial Land - North Liberty

      4.96 Acres, I-380 Visibility, TIF Incentives
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    Similar Nearby for Lease

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      Build-to-suit office opportunity in a growing business park.
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    • $20 SF/Yr
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    • $18 SF/Yr
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      Executive Office Space Available

      Premium Johnson County Office Building
      2310 Landon Rd, North Liberty, IA 52317
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    • Contact for pricing

      Drive-Thru Restaurant Space Available

      Open retail space with drive-thru, near new Aldi.
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      View Details
    • $20 SF/Yr
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      North Liberty Retail Space for Lease

      Prime Retail Space, High Visibility, Drive-Thru
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      View Details
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    5 Lions Dr
    North Liberty, IA 52317
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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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