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Property profile & analytics
OFF-MARKET
Estimated value
$6,285,000
Office buildings
3273 Ridgeway Dr Coralville, IA 52241-2038
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-2382438
Property summary
AI-generated overview
This exceptional 18,000-square-foot executive office space at 3273 Ridgeway Dr, Coralville, IA 52241, presents a unique opportunity. Built in 2014, this property offers flexible layouts, accommodating spaces ranging from 8,000 to 10,000 contiguous square feet. Currently, the entire 18,000 square feet is vacant and ready for immediate occupancy. The building sits on a generous 5.84-acre lot, providing ample parking for tenants and visitors. The I1 zoning allows for a variety of uses, including retail, office, and restaurant options. This second-generation space boasts a high-quality build and includes the potential for a shared conference room and common area restrooms. The landlord is a co-tenant and will install a new tenant entrance. Utilities are included in the operating expenses. Floor plans are available upon request. The property's convenient location offers easy access to Coralville and North Liberty amenities and restaurants. Property APN is 0624477002.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2013
Construction
STEEL FRAME
Total area
41,041 SF
Lot
5.84 ac (254,390 SF)
APN
624477002
UPID
US25-2382438
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
$7.73M
Comparable Approach
Comparable
$6.06M
Blend (final)
Blend
$6.29M
Owner & transaction history
CONLON ENTERPRISES, LLC
CONLON ENTERPRISES, LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.5M
+41.9%
Retail stores
$6.5M
+22.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Coralville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coralville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,370,000
6.5%
$7,730,000
7%
$7,175,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,290,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,510,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$6,455,000
Change: +22% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,860,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$4,560,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$6.29M
Range $5.66M – $6.91M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$153 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$235,716
Tax year 2023
Assessed value
$6,951,700
Assessed 2024
Previous assessed
$6,705,400
+3.7% YoY
Effective rate
3.39%
On assessed value
Assessed land
$2,035,100
Assessed improvement
$4,916,600
Land market value
$2,035,100
Improvement market value
$4,916,600
Total market value
$6,951,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Stories
1
Total area
41,041 SF
Lot
5.84 ac (254,390 SF)
APN
624477002
UPID
US25-2382438
Jurisdiction
JOHNSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
RETAIL STORES
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$4.6M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Construction
STEEL FRAME
Stories
1
Lot
5.84 ac
Current owner
From public records · entity-resolved
CONLON ENTERPRISES, LLC
Entity
Free & Clear · 0 yrs held
Mailing address
501 BELL ST, DUBUQUE, IA 52001-7080
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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