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    106 1st Ave Coralville, IA 52241-2602
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    Property profile & analytics

    106 1st Ave, Coralville, IA 52241-2602

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    • Investment properties
    • 5,436 SF
    • 0.34 lot acres
    Off-Market
    Property ID
    US25-2281440
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 106 1st Ave

    Year built
    1947
    Construction
    FRAME
    Lot size
    0.34 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1008151002
    APU
    1008151002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 2, 2020 — Parm INC — Deed · related $225k · Midwestone Bank
    Mar 9, 2015 — Lloyd Olin Mohamed Osman Ali El Kaziem Special Warranty Deed —
    Mar 9, 2015 $259,000 Parm INC Olin L Lloyd Warranty Deed $190k · Midwestone Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.5688
    Latitude
    41.6677
    CBSA code
    26980
    CBSA name
    IOWA CITY, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,928
    $146,473
    $68,182
    $214,655
    -
    $146,473
    $68,182
    $214,655

    Comparable in this City

    • Value Estimation
      $1,310,000
      10,002 SF

      320 2nd St

      OFFICE/RESIDENTIAL (MIXED USE)
      320 2nd St, Coralville, IA 52241-2677
      View Details
    • Value Estimation by Request
      4,000 SF

      1714 5th St

      OFFICE/RESIDENTIAL (MIXED USE)
      1714 5th St, Coralville, IA 52241-1838
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    • Value Estimation by Request
      3,224 SF

      419 10th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      419 10th Ave, Coralville, IA 52241-2362
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    • Value Estimation by Request
      4,320 SF

      405 2nd St

      OFFICE/RESIDENTIAL (MIXED USE)
      405 2nd St, Coralville, IA 52241-2765
      View Details
    • Value Estimation by Request
      7.80 Acres

      3721 2Nd St

      Land
      3721 2Nd St, Coralville, IA 52241
      View Details
    • Value Estimation by Request
      0.68 Acres

      939 25Th Ave

      Commercial real estate
      939 25Th Ave, Coralville, IA 52241
      View Details

    Similar Nearby for Sale

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      Coralville Commercial Land for Development

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    • $190,000
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      Residential Land in Coralville, Iowa

      Residential land available in Coralville, Iowa.
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      Coralville Commercial Land For Sale

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      Residential Land in Coralville, Iowa

      Residential land available in Coralville, Iowa.
      580 Auburn Rdg Rd, 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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    • Contact for pricing

      Coralville Office Space Available

      Modern Coralville office, ideal location.
      2180 Norcor Ave D, Coralville, IA 52241
      View Details

    Similar Nearby for Lease

    • $750 /Mo

      Office Space in Coralville, IA

      Shared or individual office space with utilities and internet included.
      250 12Th Ave, Coralville, IA 52241
      View Details
    • $1,650 /Mo
      101,059 SF

      Coralville Office Space For Rent

      Office space in the Wells Fargo building on Coralville Strip.
      327 2Nd St, Coralville, IA 52241
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    • Contact for pricing
      1,522 SF

      Retail or Office Suite Available

      Move-in ready retail or office suite with high visibility.
      1801 2Nd St, Coralville, IA 52241
      View Details
    • Contact for pricing
      1,119 SF

      Retail Space For Lease

      Retail space available with high visibility and ample parking.
      2655 James St, Coralville, IA 52241
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    • Contact for pricing

      Coralville Office or Retail Space

      Prime location in 5th Street Plaza, Coralville. High visibility.
      1303 5Th St, Coralville, IA 52241
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    • Contact for pricing
      1,614 SF

      Turnkey Office or Medical Space

      Easily accessible, well-maintained suite suitable for various professional uses.
      210 5Th St, Coralville, IA 52241
      View Details
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    Coralville, IA 52241-2602
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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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    106 1st Ave, Coralville, IA, 52241
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