2450 Oakdale BlvdCoralville, IA 52241

Property Details for 2450 Oakdale Blvd

Year built

2001

Property size (Sq ft)

42,837 SF

Property type

Office buildings

APN

625403001

APU

625403001

Description

This exceptional investment opportunity presents two Class A office buildings totaling 62,500 square feet situated on a 5.96-acre lot in Coralville, Iowa. Built in 2001, this multi-tenant complex features five floors per building (12,500 rentable square feet per floor), with three vacant floors offering significant potential for owner-users or new tenants. Currently, Integrated DNA Technologies occupies two floors in the complex. The property is zoned I1 and benefits from a land lease with the University of Iowa, extending until February 28, 2044. The asking price for both buildings is $4,500,000. For a single tenant leasing all vacant space, a discounted rate of $8.00 NNN is available, with pass-throughs totaling approximately $5.57 per square foot (taxes: $3.72, insurance: $0.35, CAM: $1.50). Alternatively, individual floor leases are available at $12.00 NNN. This property offers a compelling combination of existing tenancy and substantial expansion potential, making it an ideal investment for discerning buyers. The address is 2450 and 2750 Oakdale Blvd, Coralville, IA 52241.

• CAP approach

  CAP return

  Valuation

  6%

  $11,460,674

  6.5%

  $10,579,084

  7%

  $9,823,435

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,339,572

  Geo Method

  $3,339,572

• Alternative Use

  Use

  Valuation

  Residential

  $13,118,064

  Hospitality

  $12,016,076

  Educational

  $9,997,234

  Medical

  $10,341,054

  Retail

  $15,551,253

Location Insight

City

Coralville

County

Johnson

State

Iowa

Latitude

41.7082

Longitude

-91.6018

CBSA code

26980

CBSA name

IOWA CITY, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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