Commercial Office
2626 Ders Drive NW Cedar Rapids, IA 52404
For Sale
$1,595,000
COMMERCIAL - Cedar Rapids, IA
Property Size11,000 SF
Lot Size3.11 Acres
Price / SF$145
Days on Market214
Property Features for 2626 Ders Drive NW
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Property condition
- Under Construction
- Zoning
- comm
- Standard status
- Active
- APN
- 0304329004
- Size
- 11,000 SF
- Lot size
- 3.11 Acres
Taxes and HOA fees
- Tax Description
- Per Abstract
- Tax Annual Amount
- 4700
Building Details
- Year built
- 2025
- Flooring type
- Concrete
- Building materials
- Pre Eng Steel
- Roof type
- Metal
Listing Agency:
Pinnacle Realty LLC
(319) 393-0900
Listed By:
Trev Adair · License #322502720
(319) 350-9476
Added: Dec 22, 2025
Changed: Jun 5
Last Checked: Jul 24 at 1:06AM
MLS# 2509963
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 for-sale commercial office building offers a total building size of 11,000 square feet on a 3.11-acre lot. It is identified with commercial zoning (comm), providing a straightforward framework for office use within that category.
The property is located at 2626 Ders Drive NW in Cedar Rapids, Iowa 52404. Prospective buyers and tenant representatives can review the site and building configuration directly with the information provided, including the parcel size and the overall improvements.
For tenants, this asset may fit businesses looking for an office facility in Cedar Rapids with a dedicated lot size. For owner-users or investors, the combination of an 11,000-square-foot office building and commercial zoning (comm) can support a range of professional office layouts, subject to applicable approvals. Contact for further details on the building and available arrangements.
The property is located at 2626 Ders Drive NW in Cedar Rapids, Iowa 52404. Prospective buyers and tenant representatives can review the site and building configuration directly with the information provided, including the parcel size and the overall improvements.
For tenants, this asset may fit businesses looking for an office facility in Cedar Rapids with a dedicated lot size. For owner-users or investors, the combination of an 11,000-square-foot office building and commercial zoning (comm) can support a range of professional office layouts, subject to applicable approvals. Contact for further details on the building and available arrangements.
Key Highlights
- Under construction with planned Year Built of 2025
- Pre‑engineered steel construction materials
- Concrete flooring
Financial Insights For Office B
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 | $92.4k | $8.40 |
| − Vacancy | −$22.0k | −$2.00 |
| EGI | $70.4k | $6.40 |
| − OpEx | −$17.6k | −$1.60 |
| NOI | $52.8k | $4.80 |
11,000 SF · lease $8.40/SF/yr · vacancy 23.77% · expense 25.00%
Alternative Uses
Best Use
Office B
$754.7K
$660.3K – $880.5K
NOI $52,827 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.86M
NOI $111,444 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - For-sale commercial office building on a 3.11-acre lot in Cedar Rapids, suited for professional tenants.
Where is this office building located?
The property is located at 2626 Ders Drive NW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Under construction with planned Year Built of 2025; Pre‑engineered steel construction materials; Concrete flooring
