Property profile

725 Highway 965 NE North Liberty, IA 52317

FOR SALE
Grocery and convenience stores
Property ID
US25-1611335
20,319 SF 4.43 ac lot Built 2023
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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725 Highway 965 NE, North Liberty, IA 52317 For Sale
Contact for pricing 20,319 SF
725 Highway 965 NE, North Liberty, IA 52317
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Property summary

AI-generated overview

This exceptional 250,000 dollar commercial land parcel is strategically located at 725 Highway 965 Northeast in North Liberty, Iowa, zip code 52317, within Johnson County. The property offers significant investment potential due to its prime location and high visibility. Situated directly adjacent to a new ALDI store slated to open in 2024, this land benefits from the increased foot traffic and consumer activity this will generate. Highway 965 boasts a substantial daily traffic count of 18,500 vehicles, ensuring maximum exposure for any future development. The area is already home to a thriving retail environment, with established businesses such as Walgreens, Dollar Tree, Tin Roost, Field Day Brewing Company, McDonald's, and Taco Bell nearby. This presents a unique opportunity to capitalize on the existing commercial success and contribute to the continued growth of this vibrant community. The property's location offers excellent accessibility and visibility, making it ideal for a variety of commercial uses. This is a rare opportunity to acquire a high-traffic commercial land parcel in a rapidly developing area. Serious inquiries are encouraged. Coordinates are 41.754039 latitude and -91.6082301 longitude.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2023
Construction BRICK
Total area 20,319 SF
Lot 4.43 ac (192,970 SF)
APN 612276005
UPID US25-1611335

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Supermarket

Location

725 Highway 965 NE North Liberty, IA 52317
North Liberty metro Census 10305 IOWA CITY, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.48M
CAP Approach CAP
$2.96M
Comparable Approach Comparable
$2.45M
Blend (final) Blend
$2.73M

Owner & transaction history

since 2023
Last sale
$2.1M
1 recorded transaction
2023
$2.1M

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $3.7M +16.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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