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    2300 Oakdale Blvd Coralville, IA 52241

    Sponsored
    For Sale
    $980,000

    7,242 SF Office, Vacant, Iowa

    Property size:
    7,242 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 7,242-square-foot Class B office building, located at 2300 Oakdale Blvd in Coralville, Iowa, presents a compelling investment opportunity. Situated on a 4.47-acre lot within the University of Iowa Research Park (zoned I-1), this single-story, 1999-built property offers significant potential. The building features perimeter offices, a conference room, a server room, and a bullpen workspace. Currently vacant, it provides immediate occupancy for a new tenant or owner-occupancy. The property includes 37 existing parking spaces, with ample room for expansion given the generous lot size. A fully paid land lease is in place, expiring March 1st, 2044, with two 25-year renewal options. The NNN lease structure includes pass-through expenses of $2.68/SF annually for real estate taxes and insurance ($2.28/SF and $0.40/SF respectively). Tenant responsibilities include lawn care and snow removal. The Research Park's permitted uses include laboratories, offices, research and development, light manufacturing, and professional services. The asking price is $980,000, translating to $158.80 per square foot. This property offers a unique blend of existing infrastructure and expansion potential in a thriving research environment.

    Property Features for 2300 Oakdale Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,242 SF
    Class
    B
    Lot Size
    194,713 SF

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1

    HighLights

    • Class A office building in the University of Illinois Research Park.
    • Suite features perimeter offices, a conference room, server room, and open workspace.
    • Expansion potential for both building and parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.596662175442
    Latitude
    41.708306530689

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    FAQs

    What type of property is this?
    Office Property / Space - 7,242 SF Office, Vacant, Iowa
    Where is this office property / space located?
    The property is located at 2300 Oakdale Blvd Coralville, IA.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: Class A office building in the University of Illinois Research Park.; Suite features perimeter offices, a conference room, server room, and open workspace.; Expansion potential for both building and parking.
    Request Owner's contact information
    2300 Oakdale Blvd Coralville, IA 52241
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    Coralville, IA 52241
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2300 Oakdale Blvd Coralville, IA 52241
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