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Property profile & analytics
OFF-MARKET
Commercial land

622 1st Ave Coralville, IA 52241-2102

0.54 ac lot
Entity Owned 9-yr Hold Free & Clear
Property ID
US25-2300624
Property summary
AI-generated overview

This exceptional 1.1-acre commercial land parcel, located at 622 & 626 1st Ave in Coralville, Iowa (zip code 52241), presents a unique investment opportunity. Situated on a high-traffic area of South 1st Avenue, boasting a daily traffic count of 22,800 vehicles, this property offers unparalleled visibility and accessibility. The lot is zoned C-2, allowing for a diverse range of commercial and industrial uses, including office and institutional developments. Its convenient location north of McDonald's ensures high foot traffic and brand recognition. The property's size and zoning provide ample space for various development projects. Furthermore, the seller is open to build-to-suit options for prospective tenants, offering flexibility and customization. This prime location, coupled with the seller's willingness to collaborate on development, makes this a truly exceptional opportunity for investors and businesses seeking a strategic foothold in the thriving Coralville market. The property is conveniently located on a bus line, enhancing its accessibility and appeal. This is a rare chance to acquire a significant commercial land parcel in a high-demand area.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.54 ac (23,451 SF)
APN 1005428002
UPID US25-2300624
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Allcor LLC · 9 yrs held
Allcor LLC
since 2017
3 recorded transactions
2017
Price N/A
2005
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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