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

    2445 2nd St Coralville, IA 52241-0016

    • Strip malls
    • 3,186 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-2299136
    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 2445 2nd St

    Year built
    2005
    Construction
    STEEL FRAME
    Lot size
    0.62 lot acres
    Property size
    3,186 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1101117003
    APU
    1101117003

    Description

    This exceptional retail property, located at 2445 2nd St, Coralville, IA 52241, offers 901 square feet of newly finished space available for lease within a larger 3,186 square foot building. The property boasts a prime location along Highway 6 in the Coralville Strip, enjoying high visibility and significant foot traffic. Benefiting from co-tenancy with established businesses such as Caribou Coffee and King & Queen Nutrition, this space is ideally situated just steps from Coral Ridge Mall and numerous national retailers, ensuring excellent exposure and customer accessibility. The suite includes a dedicated restroom for added convenience. The property sits on a 0.62-acre lot and is part of a single-story, one-building complex constructed in 2005. The building features a total of three suites. The zoning is C-PUD2, and the APN is 1101117003. This is a multiple-tenancy property located in Johnson County, Iowa. Landlord approval is required for all lessees and lease terms. The property's address is 2445 2nd St, with a cross street of 25th Ave.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.6021
    Latitude
    41.6854
    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
    $29,788
    $430,500
    $481,700
    $912,200
    -
    $430,500
    $481,700
    $912,200

    Comparable in this City

    • Value Estimation
      $1,075,000
      7,149 SF

      1830 Coral St

      SHOPPING CENTER, STRIP CENTER • 7,149 SF
      1830 Coral St, Coralville, IA 52241-7608
      View Details
    • Value Estimation
      $2,760,000
      28,833 SF

      1212 5th St

      SHOPPING CENTER, STRIP CENTER • 28,833 SF
      1212 5th St, Coralville, IA 52241-2908
      View Details
    • Value Estimation
      $1,715,000
      14,866 SF

      89 2nd St

      SHOPPING CENTER, STRIP CENTER • 14,866 SF
      89 2nd St, Coralville, IA 52241-2669
      View Details
    • Value Estimation
      $1,970,000
      21,000 SF

      1709 2nd St

      SHOPPING CENTER, STRIP CENTER • 21,000 SF
      1709 2nd St, Coralville, IA 52241-1832
      View Details
    • Value Estimation
      $1,920,000
      19,925 SF

      119 2nd St

      SHOPPING CENTER, STRIP CENTER • 19,925 SF
      119 2nd St, Coralville, IA 52241-2691
      View Details
    • Value Estimation by Request
      30,056 SF

      1150 5th St, Unit 1

      SHOPPING CENTER, STRIP CENTER • 30,056 SF
      1150 5th St, Coralville, IA 52241-2932
      View Details

    Similar Nearby for Sale

    • $2,475,000
      7,515 SF

      Coralville Shopping Center Investment

      7,515 SF Retail Center, 7.96% Cap Rate
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      Prime Coralville Commercial Land

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      Professional/Medical Office or Retail Spaces

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    • $2,475,000
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      Retail Property with Development Potential

      Leased retail property with excess land for development.
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    • $711,000

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    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
    • $19 SF/Yr
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      Coralville Retail Space - 1303 5th St

      Prime Coralville Retail Opportunity
      1303 5Th St, Coralville, IA 52241
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    • $16 SF/Yr
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      Turnkey Office or Medical Space

      Easily accessible, well-maintained suite suitable for various professional uses.
      210 5Th St, Coralville, IA 52241
      View Details
    • $30 SF/Yr
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      Retail Space For Lease

      Retail space available with high visibility and ample parking.
      2655 James St, Coralville, IA 52241
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    • $13 SF/Yr
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      Prime Coralville Office Space

      18,000 SF Available, Subdivisible
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      View Details
    • $20 SF/Yr
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      Heartland Drive Medical Office Suites

      Modern Medical Office Space Available
      2791 Heartland Dr, Coralville, IA 52241
      View Details
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    Coralville, IA 52241-0016
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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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