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    3721 2Nd St Coralville, IA 52241
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    3721 2Nd St Coralville, IA 52241

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    • Commercial land
    For Sale
    $985,981
    View Listing →
    Commercial Lot in Coralville For Sale
    $985,981

    Commercial Lot in Coralville

    Platted lot suitable for retail or commercial service uses.

    3721 2nd St, Coralville, IA 52241
    View Listing
    Property ID
    US25-1847453
    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 land

    Property Details for 3721 2Nd St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Platted Lot Could Potentially Be Subdivided Into Smaller Parcels. Coralville's West Land Use Area Plan Call This Corridor Commercial: Retail Areas Located on Collector and Arterial Streets and Characterized by General Commercial Service Uses.

    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
    -91.6341753
    Latitude
    41.7033913

    Comparable in this City

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      Coralville Commercial Land For Sale

      3.56 acres of commercial land along Highway 6 in Coralville.
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      Prime Commercial Land in Coralville

      2.06-acre commercial lot in a high-traffic Coralville location.
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      Coralville Commercial Land For Sale

      2.39-acre commercial lot in prime Coralville location.
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    • Contact for pricing

      Commercial Land Near Interstate 80

      Highly visible commercial land near Coral Ridge Mall.
      135 Westcor Dr, Coralville, IA 52241
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    Similar Nearby for Sale

    • $428,848
      1.79 Acres

      Coralville Commercial Land For Sale

      1.79 acre commercial land along Highway 6 in Coralville.
      00 2Nd St, Coralville, IA 52241
      View Details
    • $4,200,000
      7.16 Acres

      7.16 Acres C2 Zoned Land

      7.16 acres of C2 zoned land in Coralville, Iowa.
      2800 Heartland Dr, Coralville, IA 52241
      View Details
    • $775,368
      3.56 Acres

      Coralville Commercial Land For Sale

      3.56 acres of commercial land along Highway 6 in Coralville.
      00 2Nd St, Coralville, IA 52241
      View Details
    • $896,980
      2.06 Acres

      Prime Commercial Land in Coralville

      2.06-acre commercial lot in a high-traffic Coralville location.
      Crosspark Rd, Coralville, IA 52241
      View Details
    • $1,039,560
      2.39 Acres

      Coralville Commercial Land For Sale

      2.39-acre commercial lot in prime Coralville location.
      Crosspark Rd, Coralville, IA 52241
      View Details
    • Contact for pricing

      Commercial Land Near Interstate 80

      Highly visible commercial land near Coral Ridge Mall.
      135 Westcor Dr, Coralville, IA 52241
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Near Interstate 80

      0.49 acres available for build to suit near I-80.
      100 Westcor Dr, Coralville, IA 52241
      View Details
    • $650 /Mo

      Office Space in Coralville, IA

      Office share with utilities and internet included in Coralville.
      250 12Th Ave, Coralville, IA 52241
      View Details
    • $18 SF/Yr

      Class A Office Space

      Move-in ready office space in Coralville, Iowa.
      1303 5Th St, Coralville, IA 52241
      View Details
    • $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
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    • $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
    • Contact for pricing

      High-Quality Office Space Available

      Second-generation office space in Coralville, near amenities and restaurants.
      3273 Ridgeway Dr, Coralville, IA 52241
      View Details
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    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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