Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

702 S Gilbert St Iowa City, IA 52240

FOR LEASE
Investment properties
Property ID
US25-2001042
52,553 SF 1.65 ac lot Built 1993
Last sale Oct 2013 · $600,000
Individually Owned Owner of record is an individual. 13-yr Hold Held for 13 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$146k
Tax billed · 2023
Assessed value · 2024$5.76M
Assessed land$1.01M
Assessed improvement$4.76M
Effective rate2.53%

Value estimate

· Oct 2026
$4.94M
$4.44M – $5.43M
CAP approach$6.21M
Submarket $/SF estimate$3.81M
NOI build-up
Gross scheduled income$11k
Vacancy & credit loss−$682
Operating expenses−$3k
NOI · 796.28% cap applied$7k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$94/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$52 – $163
Qualifying comparables3

Cap rate analysis

How does the asset earn?
796.28%
$7k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionJOHNSON

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service8.9
Butcher8.3
Furniture Store8.0

Location

702 S Gilbert St Iowa City, IA 52240
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1910 Gilbert, Iowa City, IA 52240-4343 $540,000 Oct 2022 8,750 SF
538 Gilbert, Iowa City, IA 52240-4941 $1,230,000 Nov 2021 8,820 SF
125 College, Iowa City, IA 52240-4074 $2,300,000 Feb 2021 6,272 SF
725 Clinton, Iowa City, IA 52240-4230 $2,000,000 Jan 2021 15,479 SF
1212 Highland, Iowa City, IA 52240-4520 $475,000 Feb 2020 9,480 SF
1901 Broadway, Iowa City, IA 52240-7089 $1,125,000 Jan 2019 18,968 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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
Why this one?
Saved
Reason not saved — we won't ask again