Geothermal Office
For Sale
$2,250,000
2425 Oakdale Blvd, Coralville, IA 52241
Built-out workspace includes private offices, open work areas, meeting rooms, and employee support facilities.
Property Size10,187 SF
Price / SF$220.87
Days on Market226
Property Features for 2425 Oakdale Blvd
General Information
Standard status
Active
Size
10,187 SF
Property subtype
Commercial
Zoning
I1
Lease Type
NNN
Taxes and HOA fees
Annual Taxes
$60,246
Amenities
private offices
open work areas
conference room
meeting rooms
kitchen
showers
lockers
mail room
storage
IT room
geothermal system
Carpet,CeramicTile
ZeroStepEntry
2.07
CountyRoad
Building Details
Year Built
2008
Listing Agency:
Urban Acres Real Estate
(319) 393-0900
Listed By:
Angie Buck
(319) 361-9457
Source:
Pinnaclerealtyia
Added: Mar 3
Changed: Oct 15
Last Checked: Oct 14 at 8:16PM
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 Urban Acres Real Estate
Investment Insights
Based on property information with market context.
Located at 2425 Oakdale Blvd in Coralville’s Oakdale Research Park, this office property was built in 2008 and carries I1 zoning. The professionally finished interior combines private offices with open areas for collaborative work, a large conference room, additional meeting rooms, a kitchen, mail room, storage, and an IT room.
The building offers over 10,000 square feet with 14 dedicated offices and 3 conference room options equipped for projection. On-site showers and locker facilities provide additional workplace support. A fully integrated geothermal system serves the building, while its position along a major traffic arterial provides access within the research park setting.
The building offers over 10,000 square feet with 14 dedicated offices and 3 conference room options equipped for projection. On-site showers and locker facilities provide additional workplace support. A fully integrated geothermal system serves the building, while its position along a major traffic arterial provides access within the research park setting.
Key Highlights
- Over 10,000 sqft of office space with 14 dedicated offices
- 3 conference room options with projection capabilities
- Private offices and expansive open work areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,896
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,337,920
$2.3M
Cap Rate 7%
$1,669,943
$1.7M
Cap Rate 9%
$1,298,844
$1.3M
Market Conditions
NOI Build-Up for 10,187 SF
Gross rent
$183.4K $18.00/SF
− Vacancy
−$27.5K −$2.70/SF
EGI
$155.9K $15.30/SF
− OpEx
−$39.0K −$3.82/SF
NOI
$116.9K $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%
$2,337,920
Cap Rate 7%
$1,669,943
Cap Rate 9%
$1,298,844
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.95M
NOI $116,896 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,908 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
447
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
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Built-out workspace includes private offices, open work areas, meeting rooms, and employee support facilities.
Where is this office building located?
The property is located at 2425 Oakdale Blvd Coralville, IA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Over 10,000 sqft of office space with 14 dedicated offices; 3 conference room options with projection capabilities; Private offices and expansive open work areas
