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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2425 2Nd St Coralville, IA 52241

    • Strip malls
    • 8,040 SF
    • 0.84 lot acres
    For Lease
    View listing
    $26 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-2431974
    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.

    Current Use by Public Records

    • Strip malls

    Property Details for 2425 2Nd St

    Year built
    2015
    Construction
    STEEL FRAME
    Lot size
    0.84 lot acres
    Property size
    8,040 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1101103012
    APU
    1101103012

    Description

    This exceptional retail opportunity is located at 2425 2nd Street in Coralville, Iowa, 52241. The property, Coral Plaza, is a single-story, 8,040 square foot building constructed in 2015 and zoned C2. It features three suites in a multi-tenant configuration, with one suite currently vacant at 1,650 square feet. This space is an endcap unit, previously occupied by a Subway restaurant, offering excellent visibility and accessibility. The minimum divisible space is 1,495 square feet, while the maximum contiguous space available is 4,895 square feet. The building is anchored by a Verizon store, ensuring high foot traffic and a strong retail environment. Property taxes are $6.49 per square foot. This location offers a fantastic opportunity for a variety of retail or restaurant businesses seeking a high-traffic, well-established location in Coralville, Iowa. The property benefits from its proximity to major roadways and a vibrant community. The available space is ready for immediate occupancy and presents a unique chance to establish or expand a business in a thriving market. Contact us today to learn more about this exceptional retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,425,000
      6.5%
      $1,315,000
      7%
      $1,220,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $985,000
      Market price range: $255k - $1.21M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,470,000
      Current use
      RETAIL STORES
      $1,265,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.6006
    Latitude
    41.6847
    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
    $59,634
    $588,600
    $1,125,800
    $1,714,400
    -
    $588,600
    $1,125,800
    $1,714,400

    Comparable in this City

    • Value Estimation
      $1,560,000
      15,298 SF

      2441 James St

      SHOPPING CENTER, STRIP CENTER • 15,298 SF
      2441 James St, Coralville, IA 52241-1286
      View Details
    • Value Estimation
      $1,095,000
      10,871 SF

      304 1st Ave, Unit 110

      SHOPPING CENTER, STRIP CENTER • 10,871 SF
      304 1st Ave, Coralville, IA 52241-2476
      View Details
    • Value Estimation
      $655,000
      3,450 SF

      1900 James St Ste, Unit 1

      SHOPPING CENTER, STRIP CENTER • 3,450 SF
      1900 James St Ste, Coralville, IA 52241-1895
      View Details
    • Value Estimation by Request
      3,450 SF

      1900 James St Ste, Unit 4

      SHOPPING CENTER, STRIP CENTER • 3,450 SF
      1900 James St Ste, Coralville, IA 52241-1895
      View Details
    • Value Estimation by Request
      920 SF

      210 5th St Ste 105a

      SHOPPING CENTER, STRIP CENTER • 920 SF
      210 5th St Ste 105a, Coralville, IA 52241-2428
      View Details
    • Value Estimation by Request
      1,755 SF

      808 5th St Ste, Unit 3

      SHOPPING CENTER, STRIP CENTER • 1,755 SF
      808 5th St Ste, Coralville, IA 52241-2322
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      2,831 SF

      Professional/Medical Office or Retail Spaces

      First-generation office or retail spaces in North Coralville, Iowa.
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    • Contact for pricing
      2,911 SF

      Professional/Medical Office or Retail Space

      First-generation office or retail spaces in North Coralville, Iowa.
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      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.
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    • $26 SF/Yr
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      Coralville Retail Space Available

      Prime Coralville retail space, 1,650 sq ft available.
      2425 2Nd St, Coralville, IA 52241
      View Details
    • $9 SF/Yr
      7,655 SF

      Coralville Office & Warehouse Space

      7,655 SF Multi-Use Space Available
      2000 James St, Coralville, IA 52241
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    • $20 SF/Yr
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      Coralville Commercial Space For Lease

      Highly visible professional, medical office or retail spaces available for lease.
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      View Details
    • $13 SF/Yr
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      Prime Coralville Office Space

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    • $20 SF/Yr
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      Heartland Drive Medical Office Suites

      Modern Medical Office Space Available
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      View Details
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    2425 2Nd St
    Coralville, IA 52241
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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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