Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2180 Norcor Ave D Coralville, IA 52241
    Back to Search
    Property profile & analytics

    2180 Norcor Ave D Coralville, IA 52241

    View on Map
    • Strip malls
    • 9,620 SF
    • 1.08 lot acres
    For Sale
    View Listing →
    Coralville Office Space Available For Sale
    Contact for pricing

    Coralville Office Space Available

    Modern Coralville office, ideal location.

    Iowa City, IA 52241
    View Listing
    Property ID
    US25-2362382
    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

    • Strip malls

    Property Details for 2180 Norcor Ave D

    Year built
    2004
    Construction
    WOOD
    Lot size
    1.08 lot acres
    Property size
    9,620 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    730462003
    APU
    730462003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $815,000
      Market price range: $305k - $1.45M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,760,000
      Current use
      RETAIL STORES
      $1,515,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.587
    Latitude
    41.7037
    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
    $49,016
    $330,500
    $1,088,100
    $1,418,600
    -
    $330,500
    $1,088,100
    $1,418,600

    Comparable in this City

    • Value Estimation
      $2,055,000
      12,672 SF

      2500 Corridor Way

      SHOPPING CENTER, STRIP CENTER • 12,672 SF
      2500 Corridor Way, Coralville, IA 52241-7603
      View Details
    • Value Estimation
      $3,580,000
      26,046 SF

      901 25th Ave

      SHOPPING CENTER, STRIP CENTER • 26,046 SF
      901 25th Ave, Coralville, IA 52241-1224
      View Details
    • Value Estimation by Request
      247 SF

      1100 5th St, Unit 4

      SHOPPING CENTER, STRIP CENTER • 247 SF
      1100 5th St, Coralville, IA 52241-2900
      View Details
    • Value Estimation
      $1,440,000
      9,519 SF

      3290 Ridgeway Dr

      SHOPPING CENTER, STRIP CENTER • 9,519 SF
      3290 Ridgeway Dr, Coralville, IA 52241-2023
      View Details
    • Value Estimation by Request
      1,133 SF

      758 5th St, Unit 1

      SHOPPING CENTER, STRIP CENTER • 1,133 SF
      758 5th St, Coralville, IA 52241-2374
      View Details
    • Value Estimation
      $1,060,000
      9,120 SF

      2140 Norcor Ave

      SHOPPING CENTER, STRIP CENTER • 9,120 SF
      2140 Norcor Ave, Coralville, IA 52241-9736
      View Details

    Similar Nearby for Sale

    • $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
      View Details
    • Contact for pricing
      2,831 SF

      Coralville Commercial Space Available

      Highly visible professional, medical, or retail spaces for sale.
      2791 Heartland Dr, Coralville, IA 52241
      View Details
    • Contact for pricing
      6,900 SF

      Retail Property with Development Potential

      Leased retail property with excess land for development.
      744-746 Coral Ridge Ave, Coralville, IA 52241
      View Details
    • $2,550,000
      2.93 Acres

      Coralville Commercial Land For Sale

      2.93 acres of C2 property with I-80 frontage.
      2830 Commerce Dr, Coralville, IA 52241
      View Details
    • $2,950,000
      2.22 Acres

      Coralville Commercial Development Land Available

      2.2 acres of commercial land ideal for mixed-use development.
      605 2Nd St, Coralville, IA 52241
      View Details
    • $6,450,000
      3,500 SF

      Coralville Commercial Property with Upside

      Short-term and commercial rental property with income potential in Coralville.
      320 2Nd St, Coralville, IA 52241
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      29,621 SF

      Prime Retail Space Near Mall

      Highly visible 1,700 sqft retail space near Coral Ridge Mall.
      941 25Th Ave, Coralville, IA 52241
      View Details
    • $20 SF/Yr
      60,984 SF

      Available Commercial Spaces in Coralville

      First-generation professional, medical office or retail spaces for lease.
      2791 Heartland Dr, Coralville, IA 52241
      View Details
    • Contact for pricing

      Turnkey Office or Medical Space

      Easily accessible mixed-use development, ideal for healthcare or office use.
      210 5Th St, Coralville, IA 52241
      View Details
    • $16 SF/Yr

      Move-in Ready Office/Retail Suites

      Office or retail suites with high visibility and traffic.
      1801 2Nd St, Coralville, IA 52241
      View Details
    • $2,300 /Mo

      Professional Office/Retail Space Available

      Well-maintained 1,100 SF suite in Coralville, Iowa for lease.
      1150 5Th St, Coralville, IA 52241
      View Details
    • $39 SF/Yr
      65,340 SF

      Retail Space in New Building

      New retail space ideal for restaurant, retail, or office.
      3224 Crosspark Rd, Coralville, IA 52241
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2180 Norcor Ave D
    Coralville, IA 52241
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2180 Norcor Ave D, Coralville, IA, 52241
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!