Flex Space with Paint
2460 10th st, Coralville, IA 52241
For Sale
$425,000
Commercial Sale, Coralville, IA
Property Size2,500 SF
Lot Size0.30 Acres
Price / SF$170
Days on Market142
Property Features for 2460 10th st
General Information
Property type
Property subtype
Zoning description
Bathrooms
Half bathrooms
Rooms
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Pinnacle Realty LLC
Listed By:
Katie Sisson
(319) 393-0900
Added: Jun 23
Changed: Nov 7
Last Checked: Nov 11 at 8:06PM
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.
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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
6.75%
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 6.75%
Second Best
Retail
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
Under-served
Demand for This Use
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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
$286,000
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Johnson County, IA
Properties on Market for Flex space in Johnson County
Vacancy Rate% for Office in Midwest region
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 $425,000.
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
