Office Unit with Open
For Sale
$825,000
450 Colton Circle NE, Cedar Rapids, IA 52402
COMMERCIAL - Cedar Rapids, IA
Property Size4,836 SF
Price / SF$170.60
Days on Market100
Property Features for 450 Colton Circle NE
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Comm
Directions
On Colton Circle NE
Subdivision
NE Quadrant
Standard status
Active
APN
11341-04007-01016
Size
4,836 SF
Taxes and HOA fees
Tax Description
As Per Abstract
Tax Annual Amount
28248
Legal Description
As Per Abstract
Building Details
Year built
2017
Flooring type
Concrete
Building materials
Frame
Roof type
Membrane
Listing Agency:
RE/MAX CONCEPTS · RE/MAX International
(319) 395-0101
Listed By:
Scott Rosekrans-Rosekrans Stines Team
(319) 395-0101
Added: May 5
Changed: Aug 4
Last Checked: Aug 12 at 1:06AM
MLS# 2603122
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 4,836-square-foot office unit at 450 Colton Circle NE provides an open interior plan supported by a private office and separate restrooms. Large front windows bring natural light into the workspace, while concrete flooring and frame construction contribute to the property’s practical commercial configuration. The building was completed in 2017 and has a membrane roof.
Located in Cedar Rapids’ northeast side, the property offers on-site parking for staff and visitors. Commercial zoning supports its office-oriented use, and the front-facing window line provides visibility from the surrounding access area. The layout can accommodate businesses seeking a flexible workplace with a combination of shared space and private office functionality.
Located in Cedar Rapids’ northeast side, the property offers on-site parking for staff and visitors. Commercial zoning supports its office-oriented use, and the front-facing window line provides visibility from the surrounding access area. The layout can accommodate businesses seeking a flexible workplace with a combination of shared space and private office functionality.
Key Highlights
- 4,836‑square‑foot office unit
- Built in 2017 with frame construction and a membrane roof
- Wide‑open floor plan with a private office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,225
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$464,500
$464.5K
Cap Rate 7%
$331,786
$331.8K
Cap Rate 9%
$258,056
$258.1K
Market Conditions
NOI Build-Up for 4,836 SF
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.
Gross rent
$40.6K $8.40/SF
− Vacancy
−$9.7K −$2.00/SF
EGI
$31.0K $6.40/SF
− OpEx
−$7.7K −$1.60/SF
NOI
$23.2K $4.80/SF
Area
Cedar Rapids, IA
Vacancy
23.77%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$464,500
Cap Rate 7%
$331,786
Cap Rate 9%
$258,056
Alternative Uses
Best Use
Office B
$331.8K
$290.3K – $387.1K
NOI $23,225 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$699.9K
$612.4K – $816.6K
NOI $48,995 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 52402, IA
42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Built in 2017 with a private office, separate restrooms, front windows, and on-site parking.
Where is this office units located?
The property is located at 450 Colton Circle NE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 4,836‑square‑foot office unit; Built in 2017 with frame construction and a membrane roof; Wide‑open floor plan with a private office
