Financial
Distress signals
Property profile

850 Capitol St Iowa City, IA 52240

OFF-MARKET
Other commercial real estate
Property ID
US25-2132544
22,100 SF 0.86 ac lot Built 1974
Last sale Sep 2020
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of commercial land totaling 1.65 acres at 850 S. Capitol Street, including two lots and an abandoned former CRANDIC Railroad right-of-way. A single-story commercial/office building is located on the site as an existing improvement. A separate lot and building at 804 S. Capitol Street are excluded. The site is situated at the northeast corner of S. Capitol Street and E. Benton Street, approximately seven blocks from the Old Capitol building in downtown Iowa City and the

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$76k
Tax billed · 2023
Assessed value · 2024$2.13M
Assessed land$875k
Assessed improvement$1.26M
Effective rate3.54%

Value estimate

· Sep 2026
$1.67M
$1.50M – $1.84M
Submarket $/SF estimate$1.41M

Realmo valuation models over county records and 4 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 comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop20.4
Building Supply16.1
Storage Facility16.1

Location

850 Capitol St Iowa City, IA 52240-1538
County assessor Recorded deeds · 1 transfer 4 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
985 Hwy 6th E, Iowa City, IA 52240-6501 $5,000,000 Dec 2024 12,896 SF
611 Southgate, Iowa City, IA 52240-4462 $725,000 Mar 2024 9,600 SF
390 Highland, Iowa City, IA 52240-4511 $368,060 Feb 2024 13,660 SF
2220 Heinz, Iowa City, IA 52240-2600 $2,150,000 Mar 2023 34,034 SF
3825 Liberty, Iowa City, IA 52240-8104 $1,595,000 Oct 2022 30,000 SF
2881 Independence, Iowa City, IA 52240-8171 $2,525,000 Sep 2022 24,581 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
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