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    2655 James St Coralville, IA 52241
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    2655 James St Coralville, IA 52241

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    • Commercial real estate
    • 7,260 SF
    For Lease
    $30 SF/Yr
    View Listing →
    Retail Space For Lease For Lease
    $30 SF/Yr
    1,119 SF

    Retail Space For Lease

    Retail space available with high visibility and ample parking.

    2655 James St, Coralville, IA
    View Listing
    Property ID
    US25-2489453
    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

    • Commercial real estate

    Property Details for 2655 James St

    Year built
    2022
    Property size
    7,260 SF
    Property type
    Commercial real estate

    Description

    This Coralville, IA property at 2655 James St offers 1,119 square feet of vacant space in a 7,260 square foot, single-story, newly constructed (2022) retail building situated on a 1.04-acre lot. The space is part of the Coral Galleria, boasting strong co-tenancy with established businesses such as Lovesac, Sleep Number, and Five Guys, among others. The property is conveniently located across from Coral Ridge Mall on 2nd Street, providing easy access to I-80/380 and the University of Iowa. The space is zoned CPUD2 in Johnson County and is ideal for a variety of retail uses. A tenant improvement allowance of $20 per square foot is offered by the landlord. The minimum divisible space is 1,119 square feet, matching the currently available space. This presents a unique opportunity for businesses seeking high visibility and convenient access within a thriving retail center. Lease rates are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Coralville
    County
    Johnson
    State
    Iowa
    Longitude
    -91.604949353436
    Latitude
    41.685740994513

    Comparable in this City

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      Move-in Ready Office/Retail Suites

      Office or retail suites with high visibility and traffic.
      1801 2Nd St, Coralville, IA 52241
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      Coralville Commercial Space Available

      Highly visible professional, medical, or retail spaces for sale.
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    Similar Nearby for Lease

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      Retail Space in New Building

      New retail space ideal for restaurant, retail, or office.
      3224 Crosspark Rd, Coralville, IA 52241
      View Details
    • Contact for pricing
      1,650 SF

      Retail Space in Coralville Center

      Endcap retail suite in a newer strip center.
      2425 2Nd St, Coralville, IA 52241
      View Details
    • Contact for pricing

      Retail Endcap Suite For Rent

      Endcap suite in a retail strip center, former Subway location.
      2425 2Nd St, 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
    View Listing
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    2655 James 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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