Financial
Distress signals
Property profile

985 Hwy 6th E Iowa City, IA 52240

OFF-MARKET
Commercial real estate
Property ID
US25-2139893
12,896 SF 0.51 ac lot Built 1995
Last sale Dec 2024 · $5,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 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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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?
$20k
Tax billed · 2023
Assessed value · 2024$1.15M
Assessed land$460k
Assessed improvement$688k
Effective rate1.70%

Value estimate

· Sep 2026
$5.00M
$4.50M – $5.50M
AI approach$5.00M

Realmo valuation models over county records.

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

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: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy11.4
Realty agency10.4
Tailor Shop10.0

Location

985 Hwy 6th E Iowa City, IA 52240-6501
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file 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
1207 Highland, Iowa City, IA 52240-4521 $1,200,000 Jan 2026 8,000 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
2580 Naples SW, Iowa City, IA 52240-7606 $142,000 Aug 2023 6,410 SF
2460 Towncrest, Iowa City, IA 52240-6643 $875,000 May 2023 6,961 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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