1100 6Th StCoralville, IA 52241

Property Details for 1100 6Th St

Year built

2000

Lot size

0.11 AC

Property size (Sq ft)

2,168 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

1006420007

APU

1006420007

Description

This exceptional 2,400 square foot executive office suite, located in a high-quality medical building in the heart of Coralville, Iowa, presents a fantastic opportunity. Built in 2000, this single-tenant space boasts six private offices, a welcoming reception area, a convenient restroom, and a fully equipped kitchenette. The suite is ideally situated near a variety of amenities, including restaurants, grocery stores, and a shopping mall, ensuring convenience for both employees and clients. Ample parking is available directly in front of the building, and the property is meticulously maintained, reflecting a commitment to quality and professionalism. The property is zoned C3 and has an APN of 1006420003 within Johnson County. The current lease is a sublease, offering a flexible term extending through June 30th, 2026, with options for extension. The base rent is $16.00 per square foot, with operating expenses (OPEX) estimated at approximately $7.93 per square foot, resulting in an approximate monthly rent of $4,786. Any prospective subtenant will require landlord approval. This turnkey solution offers immediate occupancy and a prime location for businesses seeking a sophisticated and functional workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $580,030

  6.5%

  $535,412

  7%

  $497,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $169,017

  Geo Method

  $169,017

• Alternative Use

  Use

  Valuation

  Residential

  $663,911

  Hospitality

  $608,139

  Educational

  $505,965

  Medical

  $523,365

  Retail

  $787,056

Location Insight

City

Coralville

County

Johnson

State

Iowa

Latitude

41.6764

Longitude

-91.5794

CBSA code

26980

CBSA name

IOWA CITY, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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