Japanese Restaurant and Commercial
843 Quarry Rd Coralville, IA 52241
New
For Sale
$1,800,000
COMMERCIAL - Coralville, IA
Property Size5,150 SF
Lot Size0.12 Acres
Price / SF$349.51
Days on Market2
Property Features for 843 Quarry Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Standard status
Active
APN
1005187001
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
29178
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
2006
Flooring type
Concrete, Carpet
Building materials
Block, Brick
Listing Agency:
Ambrose & Associates, REALTORS
(319) 354-8118
Listed By:
Tina Frantz
(319) 621-2180
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 28 at 9:06PM
MLS# 202604689
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.
Investment Insights
Based on property information with market context.
This for-sale package combines an operating Japanese restaurant with ownership of the associated commercial condominium. The restaurant is offered with a finished dining room, sushi bar, hibachi tables, full commercial kitchen, and a bar. Included are quality furniture, fixtures, and equipment (FF&E), supporting a turnkey ownership and operation.
The commercial condominium is approximately 5,150 square feet and is located in Iowa River Landing in Coralville, Iowa, within a mixed-use commercial environment surrounded by retail, restaurants, hotels, offices, entertainment, and residential development.
The property is zoned for commercial use and is presented as a single ownership opportunity for an owner-operator or investor.
The commercial condominium is approximately 5,150 square feet and is located in Iowa River Landing in Coralville, Iowa, within a mixed-use commercial environment surrounded by retail, restaurants, hotels, offices, entertainment, and residential development.
The property is zoned for commercial use and is presented as a single ownership opportunity for an owner-operator or investor.
Key Highlights
- Package includes the established Konomi Japanese Restaurant business and an approximately 5,150‑sq‑ft commercial condominium at Iowa River Landing
- Restaurant layout includes dining room, sushi bar, hibachi tables, full commercial kitchen, and bar
- Includes FF&E: quality furniture, fixtures, and equipment listed as part of the offering
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.7k | $15.48 |
| − Vacancy | −$6.7k | −$1.31 |
| EGI | $73.0k | $14.17 |
| − OpEx | −$18.2k | −$3.54 |
| NOI | $54.7k | $10.63 |
5,150 SF · lease $15.48/SF/yr · vacancy 8.44% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$782.1K
$684.3K – $912.4K
NOI $54,745 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$978.9K – $1.31M
NOI $78,313 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey Japanese restaurant sale includes a commercial condominium in Iowa River Landing.
Where is this conventional restaurant located?
The property is located at 843 Quarry Rd Coralville, IA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Package includes the established Konomi Japanese Restaurant business and an approximately 5,150‑sq‑ft commercial condominium at Iowa River Landing; Restaurant layout includes dining room, sushi bar, hibachi tables, full commercial kitchen, and bar; Includes FF&E: quality furniture, fixtures, and equipment listed as part of the offering
