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Property profile & analytics
FOR LEASE
Strip malls

1801 2Nd St Coralville, IA 52241

29,860 SF 2.18 ac lot Built 1998
Individually Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-2300772
Property summary
AI-generated overview

This Coralville property offers two move-in ready executive office suites, totaling 3,389 square feet of vacant space within a 14,920 square foot building situated on a 2.18-acre lot. Each suite is independently available, with one measuring 1,522 square feet and the other 1,867 square feet, offering flexibility for various business needs. The building, constructed in 1998 and zoned C2, benefits from a highly visible location boasting a strong traffic count of 26,400 vehicles per day. Convenient parking is readily available directly in front of the building, with easy access from the Coralville Strip on 5th Street. Signage opportunities are available both above the suites and on the monument sign, enhancing visibility and brand recognition. The base rent is competitively priced at $17.00 per square foot, with an additional $7.00 per square foot for NNN expenses. Leases will include standard market rate increases. The available spaces previously housed Aquaris Aquatics and Jenny Craig, offering established infrastructure and a history of successful businesses. This property presents a unique opportunity for businesses seeking high-visibility, convenient office space in a thriving Coralville location. The Johnson County property (APN: 1006283005) offers multiple tenancy options within a retail and office building.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Construction FRAME
Total area 29,860 SF
Lot 2.18 ac (94,977 SF)
APN 1006283005
UPID US25-2300772
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.20M
Blend (final) Blend
$3.00M
Owner & transaction history
Jalil Mostafavi · 11 yrs held
Jalil Mostafavi
since 2014
2 recorded transactions
2024
Price N/A
2014
$621,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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