Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spacious Commercial Space, Cedar Rapids Title is generated by Realmo AI

    3645 Stone Creek unit 2, Cedar Rapids, IA 52404

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    COMMERCIAL - Cedar Rapids, IA

    Type:Office
    Property size:
    10,284 SF
    Lot size:
    2.50 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    48
    Last Refresh:
    May 12 at 11:06 am

    Property Features for 3645 Stone Creek unit 2

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    COMM
    Standard status
    Active
    APN
    20022-76004-00000
    Size
    10,284 SF
    Lot size
    2.50 Acres

    Taxes and HOA fees

    Tax Description
    STONE CREEK COMMERCIAL 1ST LOT 1
    Tax Annual Amount
    54000

    Building Details

    Year built
    2012
    Building materials
    Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Melissa Hodapp

    Listing agent Melissa Hodapp

    Listing office Keller Williams Legacy Group 708 5th Street, Cedar Rapids, IA

    Listing date Mar 26, 2026

    MLS# 2602061

    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

    • 5,000 square foot spacious space.
    • Landlord will build out to white envelope.
    • Opportunity to design the space from the ground up.
    • Landlord will divide the space into two suites (subject to City approval).
    • Year Built: 2012.
    • Construction Materials: Frame.

    Overview

    This commercial space in Cedar Rapids, Iowa, offers a spacious 5,000 square feet area. The property, currently featuring a gravel floor, allows the lessee to design the space from the ground up. The landlord is willing to build out to a white envelope condition. Subject to city approval, the landlord will also divide the space into two suites. The property is zoned COMM and is located on a 2.5-acre lot. The total property size is 10,284 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Station Llc Gas Station Phillips 66 Gas Station Dirty Paws Pet ... Veterinary Clinic Chester's Restaurant Bitcoin Depot | Bitcoin ... Crypto Atm

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom Department Store Hotel & Motel Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.7471618
    Latitude
    41.9432898

    Nearby Similar for Sale

    • $379,000
      5,061 SF

      Architecturally Unique Office with Parking

      Unique office building with covered parking and flexible space.
      2875 Mt Vernon Rd SE, Cedar Rapids, IA 52403
      View Details
    • $849,950
      3,470 SF

      Turn-Key Restaurant with Drive Thru

      Restaurant/Bar with Drive Thru on high traffic corner.
      1519 6th Street SW, Cedar Rapids, IA 52404
      View Details
    • $725,000
      4,647 SF

      Cedar Rapids Commercial Retail Space

      Retail space available for sale in Cedar Rapids, Iowa.
      219 16th Avenue SE, Cedar Rapids, IA 52401
      View Details
    • $1,800,000
      7,329 SF

      Prime Commercial Space, Cedar Rapids

      7,329 SF commercial space on 1.62 acres.
      3939 1st Avenue SE, Cedar Rapids, IA 52402
      View Details
    • $799,950
      3,652 SF

      Prime Location Office Building

      Office building in a prime location with many potential uses.
      1000 Collins Road NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      3,781 SF

      Renovated Office Space For Sale

      High-visibility office space with renovated exterior and ample parking.
      5020 Council St NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      15,803 SF

      High-Traffic Retail Space Available

      Retail space in high-visibility strip center on Blairs Ferry Road.
      266 Blairs Ferry Rd NE unit: 200, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      15,803 SF

      High-Traffic Retail Space Available

      Retail space for lease on high-traffic Blairs Ferry Road.
      266 Blairs Ferry Rd NE unit: 500, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      10,258 SF

      Cedar Rapids Commercial Suites Available

      Commercial suites available in Cedar Rapids, Iowa.
      4820 Armar Drive SE unit: W3, Cedar Rapids, IA 52403
      View Details
    • Contact for pricing
      10,258 SF

      Cedar Rapids Commercial Suites Available

      Commercial suites available in Cedar Rapids, Iowa.
      4820 Armar Drive SE unit: W4, Cedar Rapids, IA 52403
      View Details
    • $399,000
      1,586 SF

      Iconic Restaurant Opportunity in Cedar Rapids

      Turn-key restaurant with name, website, recipes, and all assets.
      103 8th Avenue SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      19,200 SF

      Downtown Cedar Rapids Office Building

      Turnkey office building with drive-thru and on-site parking.
      320 3rd Street SE, Cedar Rapids, IA 52401
      View Details

    FAQs

    What type of property is this?
    Office units - 5,000 SF commercial space ready for custom build-out.
    Where is this office units located?
    The property is located at 3645 Stone Creek unit 2 Cedar Rapids, IA.
    What are key features of this property?
    This property features: 5,000 square foot spacious space.; Landlord will build out to white envelope.; Opportunity to design the space from the ground up.
    (319) 423-4139
    We can help!
    Listing Contact
    Melissa Hodapp
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3645 Stone Creek unit: 2, Cedar Rapids, IA 52404
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!