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    746 Coral Ridge Ave Coralville, IA 52241

    Sponsored
    For Sale
    $2,475,000

    7,515 SF Retail Center, 7.96% Cap Rate

    Property size:
    7,515 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Coralville, Iowa shopping center presents a compelling investment opportunity. The 7,515 square foot, single-story building boasts 100% occupancy with two tenants: Midwest Mattress and Abelardo's Mexican Fresh. Built in 2018, the property is situated on Coral Ridge Ave in Johnson County, and features a net lease structure. The asking price for the building and parking is $2,475,000, reflecting a price per square foot of $329.34 and a strong 7.96% capitalization rate. The property's Net Operating Income (NOI) is $196,989. The property is zoned C-PUD 2. An additional 0.96 acres of excess land is available for purchase separately for $795,000 or as a package deal with the building for $3,095,000, offering significant potential for future development. This stabilized investment offers a rare opportunity to acquire a fully leased retail property in a desirable location with excellent growth potential. The property address is 746 Coral Ridge Ave, Coralville, IA 52241.

    Property Features for 746 Coral Ridge Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    7,515 SF

    Building Details

    Year Built
    2018
    Stories
    1

    HighLights

    • $2,475,000 asking price for a stabilized retail investment.
    • 7,515 square foot shopping center with a 7.96% cap rate.
    • 100% occupancy with two tenants generating $196,989 in net operating income (NOI).
    • Located at 746 Coral Ridge Ave, Coralville, IA 52241, a single‑story, 2018‑built property.
    • Net lease structure with a C‑PUD 2 zoning designation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.6103561
    Latitude
    41.6885036

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    FAQs

    What type of property is this?
    Lifestyle center - 7,515 SF Retail Center, 7.96% Cap Rate
    Where is this lifestyle center located?
    The property is located at 746 Coral Ridge Ave Coralville, IA.
    What is the asking price?
    The asking price for this property is $2,475,000.
    What are key features of this property?
    This property features: $2,475,000 asking price for a stabilized retail investment.; 7,515 square foot shopping center with a 7.96% cap rate.; 100% occupancy with two tenants generating $196,989 in net operating income (NOI).
    Request Owner's contact information
    746 Coral Ridge Ave 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
    746 Coral Ridge Ave Coralville, IA 52241
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