Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Ridgeway At University Ct Coralville, IA 52241

    Sponsored
    For Sale
    $2,138,796

    Commercial - Coralville, IA

    Lot size:
    4.91 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 24 at 6:06 pm

    Property Features for Ridgeway At University Ct

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C2
    APN
    0624479006
    Lot size
    4.91 Acres

    Taxes and HOA fees

    Expense value
    194
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Edberg
    Jeff Edberg

    Lepic-Kroeger, REALTORS (319) 351-8811

    Listing agent Jeff Edberg (319) 351-8811

    Listing date Feb 20, 2026

    MLS# 202601250 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Prime Commercial Land in Coralville

    This 4.91-acre commercial lot is zoned C2 and features all utilities available to the lot. It is situated in a location east of the Sedgwick building, at the roundabout intersection of Ridgeway and University Ct. in Coralville, just north of the U of I Business Park. The property is located across Highway #965 to the west of the new University hospital, north of Hy-Vee and Forever Green Road, and south of the U of I Research Park. The surrounding area includes banks, food venues, coffee shops, retail stores, and new personal service locations. Looking west across the hospital and along Forever Green Road, Tiffin, I-380, and Steindler Clinic are visible in the distance. An abundance of attached and single-family housing, along with middle and elementary schools, are also located nearby. Lots 10 and 12 were recently sold to growing area businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.6000029
    Latitude
    41.71636368

    Nearby Similar for Sale

    • $5,139,200
      1.82 Acres

      Class A Office Building

      Three-story office building in Coralville's Town Square complex.
      520 10Th Ave, Coralville, IA 52241
      View Details
    • $495,000

      Coralville Office Space For Sale

      5300 sqft office space available in Coralville, Iowa.
      2000 James St, Coralville, IA 52241
      View Details
    • $6,450,000
      3,500 SF

      Coralville Commercial Property with Upside

      Short-term and commercial rental property with income potential in Coralville.
      320 2Nd St, Coralville, IA 52241
      View Details
    • $6,450,000
      19,786 SF

      Multi-Family and Commercial Property

      Mixed-use property with residential and commercial potential in Coralville, Iowa.
      320 2Nd St, Coralville, IA 52241
      View Details
    • Contact for pricing
      2,911 SF

      Professional/Medical Office or Retail Space

      First-generation office or retail spaces in North Coralville, Iowa.
      2791 Heartland Dr, Coralville, IA 52241
      View Details
    • Contact for pricing
      2,831 SF

      Professional/Medical Office or Retail Spaces

      First-generation office or retail spaces in North Coralville, Iowa.
      2791 Heartland Dr, Coralville, IA 52241
      View Details
    • $2,495,000
      8,576 SF

      Coralville Commercial Land for Development

      1.39 acres of C2 and I2 zoned land for development.
      302 2Nd St, Coralville, IA 52241
      View Details
    • $2,500,000
      2.32 Acres

      Commercial Condo in Coralville Strip

      Multi-tenant commercial condo with immediate cash flow in prime location.
      327 2Nd St, Coralville, IA 52241
      View Details
    • $2,400,000
      2.32 Acres

      Coralville Office Condo Investment

      Top floor commercial condo with long-term tenants in Coralville.
      327 2Nd St, Coralville, IA 52241
      View Details
    • $275,000
      Pending

      Coralville Duplex Investment Opportunity

      Duplex in Coralville, leased, generating immediate income.
      1446 Eastview Dr, Coralville, IA 52241
      View Details
    • Contact for pricing

      Coralville Office Space for Lease

      Affordable Coralville Office Suite Available
      2461 10Th St, Coralville, IA 52241
      View Details
    • Contact for pricing

      Coralville Office Space for Lease

      Affordable Office Space in Prime Location
      2461 10Th St, Coralville, IA 52241
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.91-acre C2 lot in a high-traffic Coralville location.
    Where is this commercial land located?
    The property is located at Ridgeway At University Ct Coralville, IA.
    What is the asking price?
    The asking price for this property is $2,138,796.
    What are key features of this property?
    This property features: - 4.91-acre C2 lot with all utilities connected.; - Prime location near Sedgwick building and Ridgeway/University Ct. roundabout in Coralville.; - Below-market price at $10 per foot.
    (319) 331-6187
    Request Owner's contact information
    Ridgeway At University Ct Coralville, IA 52241
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Ridgeway At University Ct
    Coralville, IA 52241
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Ridgeway At University Ct Coralville, IA 52241
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeff Edberg
    Jeff Edberg
    Real Estate License ID: IA B33730000
    (319) 331-6187 (319) 351-8811
    Learn more
    Google sign-in failed. Please try again or use another login method.