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Property profile & analytics
OFF-MARKET Estimated value $1,070,000
Retail space

218 2nd St Coralville, IA 52241-2608

10,184 SF 0.7 ac lot Built 1983
Entity Owned Free & Clear
Property ID
US25-2361554
Property summary
AI-generated overview

This exceptional Coralville property, located at 218 2nd St, offers 23,144 square feet of flexible space, perfect for a variety of businesses. The single-story building, constructed in 1983 and renovated in 1991, sits on a 1.55-acre lot with 181 feet of frontage on HWY 6, near 1st Ave. The zoning is C. The property includes a 10,184-square-foot minimum divisible space, with a maximum contiguous space of 23,144 square feet, currently entirely vacant and available for lease. The building features a combination of office and warehouse space, catering to diverse needs. The warehouse component boasts 3 loading docks and 3 dock-high doors, complemented by ample concrete parking. A smaller office space with a restroom is also included. The property is situated in the Iowa City, Cedar Rapids submarket, offering excellent access and visibility. Annual lease rate is $25.00 per square foot, with estimated CAM costs of $3.67 per square foot per year. Property taxes are $3.67 per square foot. The entire building is also available for sale. This versatile property presents a unique opportunity for businesses seeking a prominent location with ample space and convenient amenities.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1983
Construction STEEL FRAME
Total area 10,184 SF
Lot 0.7 ac (30,520 SF)
APN 1008205002
UPID US25-2361554
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
$1.49M
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$1.07M
Owner & transaction history
FROHWEIN OFFICE SUPPLY, INC
FROHWEIN OFFICE SUPPLY, INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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