First-Floor Office
1100 6th Street B1, Coralville, IA 52241
For Sale
$465,000
Leased first-floor office suite with five offices, reception, kitchenette, and direct building entrance access.
Property Size2,168 SF
Price / SF$214.48
Days on Market213
Property Features for 1100 6th Street B1
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Taxes and HOA fees
Annual Taxes
Amenities
Carpet
No
Yes
Building
Public
Building Details
Year Built
Listing Agency:
LEPIC-KROEGER, REALTORS
(319) 351-8811
Listed By:
Monica Hayes · License IA S61528
(319) 519-0569
Source:
Pinnaclerealtyia
Added: Apr 13
Changed: Nov 10
Last Checked: Nov 10 at 6:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LEPIC-KROEGER, REALTORS
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Investment Insights
Based on property information with market context.
This 2,168 SF first-floor office suite offers a functional layout with five offices, a reception area, kitchenette, copier/storage room, and restroom. The unit has direct access from the building entrance, providing convenient entry for staff and visitors. The suite is part of a well-maintained office building with consistently maintained grounds.
The property is situated in central Coralville and includes front-of-building parking. A NNN tenant is in place through 6/30/2030 with options to renew. The tenant is responsible for $2,800 per month plus all NNN fees.
For investors and owner-users seeking stable occupancy, this suite provides an established office configuration already divided into multiple private offices plus a reception and back-of-house support space. For operating businesses, the layout supports a variety of professional uses that benefit from separate offices and a defined reception area, with the added convenience of first-floor access from the main building entrance.
The property is situated in central Coralville and includes front-of-building parking. A NNN tenant is in place through 6/30/2030 with options to renew. The tenant is responsible for $2,800 per month plus all NNN fees.
For investors and owner-users seeking stable occupancy, this suite provides an established office configuration already divided into multiple private offices plus a reception and back-of-house support space. For operating businesses, the layout supports a variety of professional uses that benefit from separate offices and a defined reception area, with the added convenience of first-floor access from the main building entrance.
Key Highlights
- 2,168 SF leased first‑floor office suite in Coralville with direct access from the building entrance
- NNN tenant in place until 6/30/2030 with options to renew
- Suite layout includes five offices plus reception area, kitchenette, copier/storage room, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,878
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,560
$497.6K
Cap Rate 7%
$355,400
$355.4K
Cap Rate 9%
$276,422
$276.4K
Market Conditions
NOI Build-Up for 2,168 SF
Gross rent
$39.0K $18.00/SF
− Vacancy
−$5.9K −$2.70/SF
EGI
$33.2K $15.30/SF
− OpEx
−$8.3K −$3.82/SF
NOI
$24.9K $11.48/SF
Area
Johnson County, IA
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,560
Cap Rate 7%
$355,400
Cap Rate 9%
$276,422
Alternative Uses
Best Use
Office B
$355.4K
$311.0K – $414.6K
NOI $24,878 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$471.0K
$412.1K – $549.5K
NOI $32,967 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Explore this area
Business Placement
Demographics for 52241, IA
22,319
Population
10,294
Households
2.2
Avg Household Size
34
Median Age
57%
College-Educated
95%
High-School Grad
13.5 sq mi
ZIP Area
1,653
Density / Sq Mi
$66,508
Median Household Income
$40,504
Median Earnings
$1,021
Median Rent
$286,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Coralville, IA
Properties on Market for Office Units in Coralville
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Leased first-floor office suite with five offices, reception, kitchenette, and direct building entrance access.
Where is this office unit located?
The property is located at 1100 6th Street B1 Coralville, IA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 2,168 SF leased first‑floor office suite in Coralville with direct access from the building entrance; NNN tenant in place until 6/30/2030 with options to renew; Suite layout includes five offices plus reception area, kitchenette, copier/storage room, and restroom
