Medical Office Building with
For Sale
$4,720,000
520 10th Ave, Coralville, IA 52241
Commercial Sale, Coralville, IA
Property Size25,248 SF
Lot Size1.82 Acres
Price / SF$186.95
Days on Market93
Property Features for 520 10th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C3
Interior features
Elevator, Zero-Step Entry
Accessibility
Accessible Elevator Installed
Directions
Southwest corner of the 6th St and 10th Ave intersection. Building faces east.
Subdivision
Coralville
Standard status
Active
APN
1006415002
Lot size
1.82 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
117684
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1996
Flooring type
Tile - Ceramic, Carpet, Vinyl
Building materials
Brick, Frame
Roof type
Composition
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Jeff Edberg
(319) 331-6187
Added: Jul 23
Changed: Oct 19
Last Checked: Oct 23 at 5:06AM
MLS# 202604625
Copyright © 2026 Iowa City Area Association of REALTORS®. 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 25,248-square-foot office building has three stories and elevator service. Its layout includes approximately 35–40 offices, exam rooms, and conference rooms on each floor, along with ADA bathrooms, storage, and service areas. Many rooms have hand sinks. The lower level receives daylight through garden windows and has exterior walk-up exits. A two-story portico marks the main entrance. Built in 1996, the structure has brick and frame construction, central air, and forced-air natural gas heating.
The property sits within the Town Square office, retail, and medical complex at the northeast corner of 6th Street and 10th Avenue in Coralville, just north of 5th Street. A large shared off-street parking area serves the development, with additional accessible spaces near the building entrance. The site encompasses 1.82 acres and is zoned C3.
The property sits within the Town Square office, retail, and medical complex at the northeast corner of 6th Street and 10th Avenue in Coralville, just north of 5th Street. A large shared off-street parking area serves the development, with additional accessible spaces near the building entrance. The site encompasses 1.82 acres and is zoned C3.
Key Highlights
- 25,248‑square‑foot building with three stories and elevator service
- Approximately 35–40 offices, exam rooms, and conference rooms on each floor
- Daylit lower level with garden windows and exterior walk‑up exits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$299,401
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,988,020
$6.0M
Cap Rate 7%
$4,277,157
$4.3M
Cap Rate 9%
$3,326,678
$3.3M
Market Conditions
NOI Build-Up for 25,248 SF
Gross rent
$554.4K $21.96/SF
− Vacancy
−$55.4K −$2.20/SF
EGI
$499.0K $19.76/SF
− OpEx
−$199.6K −$7.91/SF
NOI
$299.4K $11.86/SF
Area
Johnson County, IA
Vacancy
10.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,988,020
Cap Rate 7%
$4,277,157
Cap Rate 9%
$3,326,678
Alternative Uses
Best Use
Healthcare Medical
$4.28M
$3.74M – $4.99M
NOI $299,401 @ 7.0% cap · market cap 6.34%
Second Best
Office B
$4.14M
$3.62M – $4.83M
NOI $289,721 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$5.48M
$4.80M – $6.40M
NOI $383,931 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
771
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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - A three-level office property offers treatment, meeting, and support rooms in a brick building with accessible entry.
Where is this office building located?
The property is located at 520 10th Ave Coralville, IA.
What is the asking price?
The asking price for this property is $4,720,000.
What are key features of this property?
This property features: 25,248‑square‑foot building with three stories and elevator service; Approximately 35–40 offices, exam rooms, and conference rooms on each floor; Daylit lower level with garden windows and exterior walk‑up exits
