Flex Space with Paint
For Sale
$440,000
2460 10th st, Coralville, IA 52241
Commercial Sale, Coralville, IA
Property Size2,500 SF
Lot Size0.30 Acres
Price / SF$176
Days on Market114
Property Features for 2460 10th st
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Standard status
Active
APN
0636488001
Size
2,500 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6490
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Flooring type
Carpet
Building materials
Wood Siding, Vinyl Siding
Roof type
Asphalt
Listing Agency:
Pinnacle Realty LLC
(319) 393-0900
Listed By:
Katie Sisson
(641) 990-7932
Added: Jun 23
Changed: Oct 9
Last Checked: Oct 14 at 8:06AM
MLS# 11955948
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,500-square-foot flex property combines finished office space with a rear work area accessed through an overhead door. The workspace includes a paint booth setup and abundant storage, supporting automotive, light industrial, and specialty trade uses. The building has carpet flooring, forced-air natural gas heat, public water, wood and vinyl siding, and an asphalt roof. A new furnace was installed in 2024, and the roof was replaced in 2025.
Situated on a 0.2975-acre corner lot at 2460 10th St in Coralville, the property provides 18 dedicated parking spaces and direct access from a prominent corner setting. Its location near Coral Ridge Mall adds a recognizable surrounding reference while the layout accommodates office functions alongside operational workspace.
Situated on a 0.2975-acre corner lot at 2460 10th St in Coralville, the property provides 18 dedicated parking spaces and direct access from a prominent corner setting. Its location near Coral Ridge Mall adds a recognizable surrounding reference while the layout accommodates office functions alongside operational workspace.
Key Highlights
- 2,500 square feet of flex space with office and work areas
- Rear overhead door provides access to the operational workspace
- Paint booth setup included in the work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,688
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,760
$573.8K
Cap Rate 7%
$409,829
$409.8K
Cap Rate 9%
$318,756
$318.8K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$45.0K $18.00/SF
− Vacancy
−$6.8K −$2.70/SF
EGI
$38.3K $15.30/SF
− OpEx
−$9.6K −$3.82/SF
NOI
$28.7K $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%
$573,760
Cap Rate 7%
$409,829
Cap Rate 9%
$318,756
Alternative Uses
Best Use
Office B
$409.8K
$358.6K – $478.1K
NOI $28,688 @ 7.0% cap · market cap 6.52%
Second Best
Retail
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 8.64%
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
699
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Office and work areas support automotive, light industrial, and specialty trade operations with convenient on-site parking.
Where is this flex space located?
The property is located at 2460 10th st Coralville, IA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 2,500 square feet of flex space with office and work areas; Rear overhead door provides access to the operational workspace; Paint booth setup included in the work area
