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    220 Westcor Dr Coralville, IA 52241

    For Sale
    $1,515,888

    Prime Coralville location, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial pad site boasts high visibility from Interstate 80, offering unparalleled exposure for businesses. Located at 220 Westcor Dr, Coralville, IA 52241, this property presents a unique opportunity in Johnson County's thriving commercial sector. The land is priced at $1,515,888, translating to a land value of $4 per square foot. Its strategic location places it in close proximity to Coral Ridge Mall and a multitude of restaurants and retail establishments, ensuring high traffic and customer accessibility. The site is designated as Corridor Commercial within Coralville's West Land Use Area Plan, ideal for retail uses situated along collector and arterial streets. Development will require City of Coralville approval of Planned Unit Development (PUD) subdivision plans, which must align with the West Land Use Area Plan. Prospective buyers should anticipate impact fees of approximately $25,000 per acre upon final platting. This is a remarkable opportunity to establish a thriving business in a high-demand location.

    Property Features for 220 Westcor Dr

    General Information

    Property type
    Land

    HighLights

    • High‑visibility Interstate 80 pad site in Coralville, IA.
    • $1,515,888 asking price, $4/SF land value.
    • Prime location near Coral Ridge Mall and numerous retail amenities.
    • Corridor Commercial zoning, ideal for retail development.
    • Planned Unit Development (PUD) approval required; estimated $25,000/acre impact fees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Pharmacy Kitchen & Bath Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.628429799069
    Latitude
    41.696225685708

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    FAQs

    What type of property is this?
    Land - Prime Coralville location, high visibility.
    Where is this land located?
    The property is located at 220 Westcor Dr Coralville, IA.
    What is the asking price?
    The asking price for this property is $1,515,888.
    What are key features of this property?
    This property features: High-visibility Interstate 80 pad site in Coralville, IA.; $1,515,888 asking price, $4/SF land value.; Prime location near Coral Ridge Mall and numerous retail amenities.
    Request Owner's contact information
    220 Westcor Dr 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
    220 Westcor Dr Coralville, IA 52241
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