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    High-Traffic Retail Space Available Title is generated by Realmo AI

    266 Blairs Ferry Rd NE unit 500, Cedar Rapids, IA 52402

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    COMMERCIAL - Cedar Rapids, IA

    Type:Retail
    Property size:
    15,803 SF
    Lot size:
    2.02 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    49
    Last Refresh:
    May 13 at 2:06 am

    Property Features for 266 Blairs Ferry Rd NE unit 500

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    URB/COMM
    Standard status
    Active
    APN
    14022-02006-00000
    Size
    15,803 SF
    Lot size
    2.02 Acres

    Taxes and HOA fees

    Tax Description
    IMAGE 1ST STR/LB 2
    Tax Annual Amount
    67956

    Building Details

    Year built
    1986
    Flooring type
    Concrete
    Building materials
    Frame, Pre Eng Steel
    Roof type
    Shingle

    We can help!

    Listing Contact
    Jim Zachar
    Jim Zachar

    Listing agent Jim Zachar

    Listing office Realty87 5408 BLAIRS FOREST WAY NE, Cedar Rapids, IA

    Listing date Mar 26, 2026

    MLS# 2602050

    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.

    HighLights

    • High‑traffic location on Blairs Ferry Road with over 21,000 vehicles passing daily.
    • Anchored by Dollar General in a well‑established strip center.
    • Spacious open retail area with private office, restroom, and utility closet.
    • Convenient parking located just steps from the entrance.
    • Excellent visibility and strong Blairs Ferry Road frontage.
    • Ideally positioned near major employers (Collins Aerospace), Collins Road, and Lindale Mall.

    Overview

    This retail space is available for lease in a high-visibility strip center located on heavily traveled Blairs Ferry Road. The property is suitable for retail or service-based businesses. Unit #500 features a spacious open retail area, a private office, a restroom, and a utility closet. The unit is situated on the rear side of the building with parking near the entrance. The strip center is anchored by Dollar General and has exposure to over 21,000 vehicles passing daily. The property offers on-site parking and frontage on Blairs Ferry Road. The location is near Collins Aerospace, Collins Road, Lindale Mall, and other area amenities. The property is positioned in a commercial corridor in Cedar Rapids. The property, with a lot size of 2.02 acres, is suitable for a variety of retail, office, or service uses. The building size is 15803 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DigitalMint Bitcoin ATM ... Atm Willie Ray’s Q ... Restaurant EZ Money Check ... Loan Service Dollar General Discount Store Western Union Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6331928
    Latitude
    42.0347972

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    FAQs

    What type of property is this?
    Retail space - Retail space for lease on high-traffic Blairs Ferry Road.
    Where is this retail space located?
    The property is located at 266 Blairs Ferry Rd NE unit 500 Cedar Rapids, IA.
    What are key features of this property?
    This property features: High‑traffic location on Blairs Ferry Road with over 21,000 vehicles passing daily.; Anchored by Dollar General in a well‑established strip center.; **Spacious open retail area** with private office, restroom, and utility closet.
    (319) 367-8760
    We can help!
    Listing Contact
    Jim Zachar
    Jim Zachar
    Learn More
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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.

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    266 Blairs Ferry Rd NE unit: 500, Cedar Rapids, IA 52402
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