Class A Research Park Office
New
For Sale
$8,000,000
2451 Oakdale Blvd, Coralville, IA 52241
A fully leased office property occupies a substantial site within an established research and business park.
Property Size43,768 SF
Lot Size5.67 Acres
Price / SF$182.78
Days on Market1
Property Features for 2451 Oakdale Blvd
General Information
Standard status
Active
Size
43,768 SF
Class
Class A
Lot size
5.67 Acres
Property subtype
Commercial
Zoning
Commercial Research
Occupancy
100%
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$218,234
Amenities
ConcreteSlabGrade,Concrete,Carpet
Elevator
5.72
CountyRoad,Paved
Building Details
Year Built
2016
Listing Agency:
(319) 393-0900
Listed By:
Doug McAllister
(319) 350-9476
Source:
Pinnaclerealtyia
Added: Oct 7
Last Checked: Oct 7 at 8:16AM
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 Doug McAllister
Investment Insights
Based on property information with market context.
This Class A office building, completed in 2016, contains approximately 44,000 square feet on approximately 5.67 acres. The property is fully leased and zoned Commercial Research, with established tenancy in place.
Located within the University of Iowa Research Park in Coralville, the property is part of a business and research setting. I-80 and Coral Ridge Avenue provide regional connections across the Iowa City-Coralville market and surrounding communities.
Located within the University of Iowa Research Park in Coralville, the property is part of a business and research setting. I-80 and Coral Ridge Avenue provide regional connections across the Iowa City-Coralville market and surrounding communities.
Key Highlights
- Approximately 44,000 square feet of office space
- Approximately 5.67‑acre site
- Fully leased with existing tenancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$502,238
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,044,760
$10.0M
Cap Rate 7%
$7,174,829
$7.2M
Cap Rate 9%
$5,580,422
$5.6M
Market Conditions
NOI Build-Up for 43,768 SF
Gross rent
$787.8K $18.00/SF
− Vacancy
−$118.2K −$2.70/SF
EGI
$669.7K $15.30/SF
− OpEx
−$167.4K −$3.82/SF
NOI
$502.2K $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%
$10,044,760
Cap Rate 7%
$7,174,829
Cap Rate 9%
$5,580,422
Alternative Uses
Best Use
Office B
$7.17M
$6.28M – $8.37M
NOI $502,238 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.51M
$8.32M – $11.09M
NOI $665,554 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Yes
Highway access
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
Check the figures for this property
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 - A fully leased office property occupies a substantial site within an established research and business park.
Where is this office building located?
The property is located at 2451 Oakdale Blvd Coralville, IA.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Approximately 44,000 square feet of office space; Approximately 5.67‑acre site; Fully leased with existing tenancy
