Address
1 Quail Creek Cir North Liberty, IA
Price
$ 2,400,000
Property Attributes
  • MLS#202104388
  • TypeCommercial
  • CountyJOHNSON
  • CityNorth Liberty
  • AreaNW Quadrant
  • Zip52217
  • StyleCommercial
  • Year Built1991
  • Taxes$ 61650
  • Price$ 2,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17162
  • Lot Size2.67 Acres
Listing Provided Courtesy Of:
Lepic-Kroeger, REALTORS
Data Source:
Iowa City Area Association Of REALTORS® (ICAAR) - 549 - IA
Property Description

This property is priced at a Cook Appraisal price from 5/4/2020 at $2,400,000. The size, including the second-floor conference room, is 17,162 SF. This represents a Capitalization Rate of return of 8.7% if the building is assumed to be full at current market rates. 1/3 of the building is vacant and is ready for a new tenant, or an owner occupant as the existing long-term tenant just relocated. The market rent is a very competitive rate of $20 per foot per year full service, including taxes, insurance, CAM and utilities. That rate approximates a NNN lease rate of $12.56. See Pro-Forma in Associated Documents.

Elementary School Middle School High School
Van Allen Elementary School North Central Middle School Liberty High School
Price History
7/29/2021 Listed $2,400,000

General Features

Agent First Name Jeff
Agent Last Name Edberg
Associated Document Count 4
Bank Owned NO
City North Liberty
Cooling Central A/C
County Johnson
DOM 80
Directions West side of the highway at the intersection of Ranshaw Way and Hawkeye Dr.
Elementary School Van Allen
Heating Forced Air, Gas
High School Liberty High School
Listing Area NW Quadrant
Location Freestanding, Office Center
Middle School North Central
Postal Code 52317
Primary City North Liberty
Property Type COMMERCIAL
Road Frontage County/City Road, Pavement
Roof Composition
Sale/lease For Sale
Showing Instructions Call Agent Only, Special Hours
Special Features None
Status Active
Status Active
Street Name Quail Creek Cir
Subdivision IA
Type Commercial
Utilities Cable TV, Electricity, Natural Gas, Sewer, Water-City
Year Built 1991
Zoning C 1 B

Interior Features

Elevators No
Internet Yes

Exterior Features

Photo Count 43
Lot Dimensions Irregular
Lot Size 2-5 Acres
Lot Size Area 2.67

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 52217

Price
AVG $2.4M
$2.4M
Taxes
AVG $61,650
$61,650
Visits
AVG 7
6
Year Built
AVG 1991
1991
Walkscore
AVG 48
48
Data Provided by Walkscore ® not using MLS data

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