Wolfe Family Vision Center
Office | 3,731 SqFt
Marketing description
Wolfe Family Vision Center was established to provide premier surgical and primary eye care to the Fairfield community, capturing a loyal regional patient base that relies on local access to specialized ophthalmology. The facility serves a broad trade area within Jefferson County due to its unique combination of optometric and surgical capabilities, often acting as a primary destination for specialized eye health needs. As a purpose-built asset providing essential healthcare services, the property delivers a stable, needs-based footprint with a focus on comprehensive clinical care, supporting consistent long-term demand.
The 3,731-square-foot medical office features a high-utility layout—comprised of six exam rooms and specialized labs.
The property is currently vacant and available for immediate occupancy, offering an owner-user or investor a true turnkey medical facility with no transition costs.
Investment highlights
- Vacant - Immediate Occupancy Available: The property is currently vacant and available for immediate owner-user occupancy or investor lease-up. This creates a compelling opportunity to establish market-rate rents from day one, capitalizing on the severe supply contraction in medical outpatient buildings projected for 2026.
- Stable Regional Market Hub & Economic Resilience: Fairfield serves as a sophisticated regional economic hub in Southeast Iowa, home to major employers such as Cambridge Investment Group and Dexter Apache Holdings. The community is characterized by a diverse economic base that historically withstands broader economic volatility. Because this facility serves a wide trade area within Jefferson County—often with limited local competition for specialized eye and surgical care—it benefits from inelastic, needs-based demand that supports stable long-term tenancy.
- Favorable 2026 Medical Real Estate Outlook: The property enters the market during a period of strong fundamentals for healthcare real estate. As of early 2026, medical office building (MOB) occupancy remains at record highs (near 93%) with a continued shift toward outpatient care models. With new medical construction completions projected at decade-lows, existing, high-quality freestanding assets like this one are positioned for significant pricing power and value appreciation.
- Strong Valuation & Immediate Upside: Originally acquired for $331,417, the property is currently assessed at a total market value of $561,700 for the 2026 tax year. Listed at $425,000 ($113.91/SF). Given the specialized nature of the medical build-out, the asset offers immediate value to an owner-user or investor looking to capitalize on Fairfield's growing medical submarket.
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