Coralville Duplex with Recent
For Sale
Contact for pricing
1467 Valley View Dr., Coralville, IA 52241
Well-maintained duplex in Coralville with updated features and tenant-paid utilities.
Property Size2,840 SF
Price / SF$130.25
Days on Market103
Property Features for 1467 Valley View Dr.
General Information
Standard status
Active
Size
2,840 SF
Property subtype
Land
Building Details
Year Built
1977
Listing Agency:
CENTURY 21 Signature Real Estate
Listed By:
Teresa Dodge · License #IA
Source:
Crexi
Added: May 21
Changed: Aug 24
Last Checked: Aug 30 at 6:27PM
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 CENTURY 21 Signature Real Estate
Investment Insights
Based on property information with market context.
This duplex is situated in a desirable Coralville location, offering convenient access to shopping and the interstate. The property features a split main floor layout with finished basements for both sides. Access to both units is available through a shared front door. One unit is connected to the garage, while the other has a side entrance to the yard. Recent updates include a new roof and siding installed in 2021. Unit A has a replaced furnace (2022), AC (2024), washer and dryer (2024), carpet (2024), and LVP flooring (2024). Unit B features a replaced furnace (2014), water heater (2024), washer and dryer (2025), carpet (2022), and LVP flooring (2022). Tenants are responsible for all utilities, which are separately metered. The property offers the potential for owner occupancy on one side with rental income from the other. Current rents are $1795 and $1595. The floor plan diagram represents the unit with attached garage access; the other unit has a similar layout. The property size is 2840 square feet.
Key Highlights
- New Roof and Siding (2021).
- Recent major replacements in Side A: Furnace (2022), AC (2024), Washer/Dryer (2024), Carpet (2024), and LVP (2024).
- Potential for owner occupancy on one side with rental income from the other.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,200
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$524,000
$524.0K
Cap Rate 7%
$374,286
$374.3K
Cap Rate 9%
$291,111
$291.1K
Market Conditions
NOI Build-Up for 2,840 SF
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.
Gross rent
$39.2K $13.80/SF
− Vacancy
−$1.8K −$0.62/SF
EGI
$37.4K $13.18/SF
− OpEx
−$11.2K −$3.95/SF
NOI
$26.2K $9.23/SF
Area
Johnson County, IA
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$524,000
Cap Rate 7%
$374,286
Cap Rate 9%
$291,111
Alternative Uses
Best Use
Multifamily LT 5
$374.3K
$327.5K – $436.7K
NOI $26,200 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$347.0K
$303.7K – $404.9K
NOI $24,292 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$616.9K
$539.8K – $719.8K
NOI $43,186 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
194
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex in Coralville with updated features and tenant-paid utilities.
Where is this duplex located?
The property is located at 1467 Valley View Dr. Coralville, IA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: New Roof and Siding (2021).; Recent major replacements in Side A: Furnace (2022), AC (2024), Washer/Dryer (2024), Carpet (2024), and LVP (2024).; Potential for owner occupancy on one side with rental income from the other.**
