First-Floor Office
For Sale
$465,000
B1-1100 6th St, Coralville, IA 52241
Leased office condominium with a practical multi-room layout and convenient ground-level entry.
Property Size2,168 SF
Price / SF$214.48
Days on Market194
Property Features for B1-1100 6th St
General Information
Standard status
Active
Size
2,168 SF
Occupancy
100%
Additional Details
Floor
First Floor
Taxes and HOA fees
Annual Taxes
$12,457
Building Details
Tenancy
Single
Listing Agency:
Lepic-Kroeger, Realtors
Listed By:
Akimi Oya
(319) 351-8811
Source:
Exprealty
Added: Apr 13
Changed: Oct 9
Last Checked: Oct 20 at 11:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lepic-Kroeger, Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,168-square-foot office unit occupies the first floor and is arranged for day-to-day professional use. The interior includes five private offices, a reception area, kitchenette, copier and storage room, and restroom, with direct entry from the building’s main entrance. Front-of-building parking is included.
A NNN tenant is in place through June 30, 2030, with renewal options. The property is located in central Coralville near shopping, dining, and everyday services. The building and grounds are maintained, providing a professionally presented setting for the existing tenancy.
A NNN tenant is in place through June 30, 2030, with renewal options. The property is located in central Coralville near shopping, dining, and everyday services. The building and grounds are maintained, providing a professionally presented setting for the existing tenancy.
Key Highlights
- 2,168 SF first‑floor office unit
- Five offices plus reception, kitchenette, copier/storage room, and restroom
- NNN tenancy in place through 6/30/2030
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,878
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,560
$497.6K
Cap Rate 7%
$355,400
$355.4K
Cap Rate 9%
$276,422
$276.4K
Market Conditions
NOI Build-Up for 2,168 SF
Gross rent
$39.0K $18.00/SF
− Vacancy
−$5.9K −$2.70/SF
EGI
$33.2K $15.30/SF
− OpEx
−$8.3K −$3.82/SF
NOI
$24.9K $11.48/SF
Area
Johnson County, IA
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,560
Cap Rate 7%
$355,400
Cap Rate 9%
$276,422
Alternative Uses
Best Use
Office B
$355.4K
$311.0K – $414.6K
NOI $24,878 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$471.0K
$412.1K – $549.5K
NOI $32,967 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,162
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
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Leased office condominium with a practical multi-room layout and convenient ground-level entry.
Where is this office unit located?
The property is located at B1-1100 6th St Coralville, IA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 2,168 SF first‑floor office unit; Five offices plus reception, kitchenette, copier/storage room, and restroom; NNN tenancy in place through 6/30/2030
