Office Building in Iowa Research
2300 Oakdale Blvd Coralville, IA 52241
For Sale
$980,000
Office building with expansion potential in University of Iowa Research Park.
Property Size7,242 SF
Lot Size4.48 Acres
Price / SF$135.32
Days on Market868
Property Features for 2300 Oakdale Blvd
General Information
Standard status
Active
Size
7,242 SF
Lot size
4.48 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1999
Listing Agency:
GLD Commercial Real Estate Advisors
(319) 821-0028
Listed By:
Angie Glick
(319) 821-0028
Source:
Exitrealty
Added: Mar 15, 2024
Changed: Jul 6
Last Checked: Jul 29 at 7:45AM
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 GLD Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This professional office building is situated in the University of Iowa Research Park, offering convenient access to both I-80 and I-380. The 7,242 square foot property features perimeter offices, a conference room, a server room, and a bullpen layout. The property is located on a plot exceeding 4 acres, providing opportunities for building and/or parking lot expansion. Currently, there are 37 parking spaces available. A fully paid land lease is in effect, expiring on March 1st, 2044, with the option to renew for two additional consecutive terms of 25 years each. Permitted uses within the research park encompass laboratories, offices, research and development facilities, light manufacturing, and professional services such as daycare.
Key Highlights
- Excellent access to I‑80 and I‑380
- Land allows for building and/or parking lot expansion
- Located in the University of Iowa Research Park
Financial Insights For Office B
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 | $130.4k | $18.00 |
| − Vacancy | −$19.6k | −$2.70 |
| EGI | $110.8k | $15.30 |
| − OpEx | −$27.7k | −$3.82 |
| NOI | $83.1k | $11.48 |
7,242 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,102 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,125 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building with expansion potential in University of Iowa Research Park.
Where is this office building located?
The property is located at 2300 Oakdale Blvd Coralville, IA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Excellent access to I‑80 and I‑380; Land allows for building and/or parking lot expansion; Located in the University of Iowa Research Park
