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    746 Coral Ridge Ave Coralville, IA 52241
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    746 Coral Ridge Ave Coralville, IA 52241

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    • Lifestyle centers
    • 7,515 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 746 Coral Ridge Ave

    Year built
    2018
    Property size
    7,515 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.6104
    Latitude
    41.6885

    Comparable in this City

    • Value Estimation
      $1,075,000
      7,149 SF

      1830 Coral St

      SHOPPING CENTER, STRIP CENTER • 7,149 SF
      1830 Coral St, Coralville, IA 52241-7608
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    • Value Estimation
      $2,760,000
      28,833 SF

      1212 5th St

      SHOPPING CENTER, STRIP CENTER • 28,833 SF
      1212 5th St, Coralville, IA 52241-2908
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    • Value Estimation
      $1,715,000
      14,866 SF

      89 2nd St

      SHOPPING CENTER, STRIP CENTER • 14,866 SF
      89 2nd St, Coralville, IA 52241-2669
      View Details
    • Value Estimation
      $1,970,000
      21,000 SF

      1709 2nd St

      SHOPPING CENTER, STRIP CENTER • 21,000 SF
      1709 2nd St, Coralville, IA 52241-1832
      View Details
    • Value Estimation
      $1,920,000
      19,925 SF

      119 2nd St

      SHOPPING CENTER, STRIP CENTER • 19,925 SF
      119 2nd St, Coralville, IA 52241-2691
      View Details
    • Value Estimation by Request
      30,056 SF

      1150 5th St, Unit 1

      SHOPPING CENTER, STRIP CENTER • 30,056 SF
      1150 5th St, Coralville, IA 52241-2932
      View Details

    Similar Nearby for Sale

    • $2,550,000
      2.93 Acres

      Coralville Commercial Land For Sale

      2.93 acres of C2 property with I-80 frontage.
      2830 Commerce Dr, Coralville, IA 52241
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    • $2,950,000
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      Coralville Commercial Development Land Available

      2.2 acres of commercial land ideal for mixed-use development.
      605 2Nd St, Coralville, IA 52241
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    • $6,450,000
      19,786 SF

      Multi-Family and Commercial Property

      Mixed-use property with residential and commercial potential in Coralville, Iowa.
      320 2Nd St, Coralville, IA 52241
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      2,831 SF

      Coralville Commercial Space Available

      Highly visible professional, medical, or retail spaces for sale.
      2791 Heartland Dr, Coralville, IA 52241
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      6,900 SF

      Retail Property with Development Potential

      Leased retail property with excess land for development.
      744-746 Coral Ridge Ave, Coralville, IA 52241
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    • Contact for pricing
      2,911 SF

      Professional/Medical Office or Retail Space

      Highly visible spaces in a medical and retail concentrated area.
      2791 Heartland Dr, Coralville, IA 52241
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    Similar Nearby for Lease

    • $20 SF/Yr
      29,621 SF

      Prime Retail Space Near Mall

      Highly visible 1,700 sqft retail space near Coral Ridge Mall.
      941 25Th Ave, Coralville, IA 52241
      View Details
    • Contact for pricing

      Retail Endcap Suite For Rent

      Endcap suite in a retail strip center, former Subway location.
      2425 2Nd St, Coralville, IA 52241
      View Details
    • $20 SF/Yr
      60,984 SF

      Available Commercial Spaces in Coralville

      First-generation professional, medical office or retail spaces for lease.
      2791 Heartland Dr, Coralville, IA 52241
      View Details
    • Contact for pricing

      Turnkey Office or Medical Space

      Easily accessible mixed-use development, ideal for healthcare or office use.
      210 5Th St, Coralville, IA 52241
      View Details
    • $16 SF/Yr

      Move-in Ready Office/Retail Suites

      Office or retail suites with high visibility and traffic.
      1801 2Nd St, Coralville, IA 52241
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    • $2,300 /Mo

      Professional Office/Retail Space Available

      Well-maintained 1,100 SF suite in Coralville, Iowa for lease.
      1150 5Th St, Coralville, IA 52241
      View Details
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    Coralville, IA 52241
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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    746 Coral Ridge Ave, Coralville, IA, 52241
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