903 Quarry Rd Coralville, IA 52241
COMMERCIAL - Coralville, IA
- Added:
- Jul 2, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 11 at 10:06 am
Property Features for 903 Quarry Rd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CPUD2
- Interior features
- ZeroStepEntry
- Standard status
- Active
- APN
- 1005108005
- Lot size
- 0.81 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 99827
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2012
- Flooring type
- Concrete
- Building materials
- Brick, SteelOrMetal
Listing agent Jeff Edberg License #IA B33730000 (319) 331-6187
Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD SUITE #2000, Iowa City, IA (319) 351-8811
Listing date Jul 2, 2026
Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The building is located in the Iowa River Landing area near the Hyatt Regency Coralville Hotel & Conference Center. Convenient public parking is available in the City parking ramp immediately to the east. An additional 0.35-acre parcel directly north of the building may be available for expansion, surface parking, or outdoor amenities.
Operationally, the current layout supports on-site hospitality with dedicated restaurant and taproom space alongside outdoor seating. The loading configuration can help accommodate regular deliveries and event-related needs. With nearby mixed-use components including Xtream Arena, U of I Health Care clinical facilities, multiple hotels and offices, and several national retail brands, the space may appeal to operators looking for an established environment with walkable demand from roughly 500–600 apartments and condominiums.
Key Highlights
- Nearly 15,000 SF brewery space in Iowa River Landing
- Approx 2,500 SF restaurant & taproom plus outdoor patio adjacent to Hyatt Regency Coralville
- Rear dock‑high loading door for deliveries
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $232.2k | $15.48 |
| − Vacancy | −$19.6k | −$1.31 |
| EGI | $212.6k | $14.17 |
| − OpEx | −$53.2k | −$3.54 |
| NOI | $159.5k | $10.63 |
