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Property profile & analytics
FOR LEASE
Strip malls

1815 2Nd St Coralville, IA 52241

6,251 SF 1.13 ac lot Built 2007
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US25-2394384
1815 2Nd St, Coralville, IA 52241 For Lease
$24 SF/Yr 1,210 SF available
1815 2Nd St, Coralville, IA 52241
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Property summary
AI-generated overview

Point Plaza, located at 1815 2nd St, Coralville, IA 52241, presents a unique retail or restaurant opportunity. This single-story, 6,200 square foot building, constructed in 2007, sits on a 1.13-acre lot at the highly visible intersection of 20th Avenue & 2nd Street. The property is zoned C2 and is currently fully occupied, offering a single suite of 1,210 square feet. While no individual spaces are currently available, this listing highlights the potential for future opportunities within this thriving retail center. The property boasts strong co-tenancy with established businesses such as Starbucks and AT&T, ensuring high foot traffic and visibility. The building features a single suite, minimizing management complexities. Johnson County property taxes are $6.56 per square foot. This location offers excellent access and visibility, making it an ideal investment for businesses seeking a prime retail space in a bustling Coralville location. The property's strategic location and strong co-tenancy make it a compelling investment opportunity. The minimum divisible space is 1,210 square feet, and the maximum contiguous space is also 1,210 square feet. This property is an excellent opportunity for a business seeking a high-traffic location with strong visibility and established co-tenants.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction STEEL FRAME
Total area 6,251 SF
Lot 1.13 ac (49,248 SF)
APN 1006286001
UPID US25-2394384
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
$1.02M
Comparable Approach Comparable
$766k
Blend (final) Blend
$935k
Owner & transaction history
Hawkey Real Estate Investments Coma · 8 yrs held
Hawkey Real Estate Investments Coma
since 2018
2 recorded transactions
2018
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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