Multi-Use Commercial
1620 W Post Rd SW Cedar Rapids, IA 52404
1620 W Post Rd SW, Cedar Rapids, IA, 52404
$850,000
For Sale
$850,000
COMMERCIAL - Cedar Rapids, IA
Property Size5,935 SF
Lot Size0.78 Acres
Price / SF$143.22
Days on Market47
Property Features for 1620 W Post Rd SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Sub MU
- Standard status
- Active
- APN
- 13351-26013-00000
- Size
- 5,935 SF
- Lot size
- 0.78 Acres
Taxes and HOA fees
- Tax Description
- LANDS S 114.13' N 454.02' W 300' E 360' NE NW NE STR/LB 35 83 8
- Tax Annual Amount
- 7834
Building Details
- Year built
- 1984
- Flooring type
- Concrete
- Building materials
- Frame, Pole
- Roof type
- Metal
Listing Agency
Realty87
(319) 378-8760
5408 BLAIRS FOREST WAY NE, Cedar Rapids, IA
Listed by
Rick Povey
(319) 367-8760
Added: Jun 2 Checked: Jul 18 at 8:06 am
MLS# 2603763
Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-use commercial property is enclosed and built for low maintenance, with metal siding and a metal roof. The main building includes 720 SF of office space with two private offices, a breakroom, and a restroom. Attached is a 2,100 SF warehouse served by two 10x12 overhead garage doors, providing loading access suitable for warehouse or light industrial storage and operations. A 1,600 SF multipurpose area is included with a 12x12 overhead door, and it is currently outfitted as a basketball court and batting cage along with an additional restroom. For extra storage or workspace, there is also a 1,515 SF three-stall garage. The property is fenced and accessed through a motorized gate, with private well water service and city sewer.
The property is located at 1620 W Post Rd SW in Cedar Rapids, IA 52404. The enclosed site configuration supports businesses that need a secure area for vehicles, materials, or equipment, while keeping office, warehouse, and recreational/training space under one roof.
For buyers or operators evaluating a single-site setup, the mix of office, warehouse bays, overhead door access, and an adaptable multipurpose area can support a range of uses such as training and recreation, storage and shop use, or other operations that benefit from an integrated office-and-warehouse layout. A gross lease is available for the warehouse portion.
The property is located at 1620 W Post Rd SW in Cedar Rapids, IA 52404. The enclosed site configuration supports businesses that need a secure area for vehicles, materials, or equipment, while keeping office, warehouse, and recreational/training space under one roof.
For buyers or operators evaluating a single-site setup, the mix of office, warehouse bays, overhead door access, and an adaptable multipurpose area can support a range of uses such as training and recreation, storage and shop use, or other operations that benefit from an integrated office-and-warehouse layout. A gross lease is available for the warehouse portion.
Key Highlights
- 1984‑built multi‑use commercial property with frame/pole construction, metal roof, and concrete flooring
- Includes 720 SF office space with 2 private offices, breakroom, and restroom
- 2,100 SF attached warehouse with two 10x12 overhead garage doors (gross lease available for this portion)
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.7k | $11.40 |
| − Vacancy | −$4.1k | −$0.68 |
| EGI | $63.6k | $10.72 |
| − OpEx | −$22.3k | −$3.75 |
| NOI | $41.3k | $6.97 |
5,935 SF · lease $11.40/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$590.6K
$516.8K – $689.0K
NOI $41,340 @ 7.0% cap · market cap 4.86%
Second Best
Warehouse
$539.8K
$472.3K – $629.8K
NOI $37,787 @ 7.0% cap · market cap 4.45%
Theoretical Best
Specialty Retail
$859.0K
$751.6K – $1.00M
NOI $60,129 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Enclosed flex facility combines office, warehouse, and multipurpose sports/recreation space on fenced grounds.
Where is this flex space located?
The property is located at 1620 W Post Rd SW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1984‑built multi‑use commercial property with frame/pole construction, metal roof, and concrete flooring; Includes 720 SF office space with 2 private offices, breakroom, and restroom; 2,100 SF attached warehouse with two 10x12 overhead garage doors (gross lease available for this portion)
