4659 Iowa HWY 13, Central City, IA 52214
COMMERCIAL - Central City, IA
- Added:
- Feb 27, 2026
- Days on Market:
- 120
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 4659 Iowa HWY 13
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Hwy/Com
- Standard status
- Active
- APN
- 07033-02005-00000
- Size
- 6,232 SF
- Lot size
- 1.15 Acres
Taxes and HOA fees
- Tax Description
- SHAFFER-WATERHOUSE 1ST LOTS 5 &
- Tax Annual Amount
- 18511
Building Details
- Flooring type
- Concrete
- Building materials
- Frame
- Roof type
- Metal
Listing agent Jim Zachar (319) 367-8760
Listing office Realty87 5408 BLAIRS FOREST WAY NE, Cedar Rapids, IA (319) 378-8760
Listing date Feb 27, 2026
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
- Prime commercial property on 1.15 acres with outstanding highway frontage and visibility.
- Multi‑building property offering multiple income streams.
- Building 1: Highway‑fronting strip center anchored by a long‑term Subway tenant.
- Building 2: Turn‑key, recently updated former medical office suitable for various uses.
- Remaining vacant suites in strip center are ready for immediate occupancy.
- Building 3: Flexible outbuilding ideal for storage, workshop, or additional tenant space.
Overview
Local Financial Insights For Retail
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 | $91.2k | $14.64 |
| − Vacancy | −$7.1k | −$1.13 |
| EGI | $84.2k | $13.51 |
| − OpEx | −$25.3k | −$4.05 |
| NOI | $58.9k | $9.46 |
Alternative Uses
Current Use by Public Records
Map
- City
- Central City
- County
- Linn
- State
- Iowa
- Longitude
- -91.5309
- Latitude
- 42.1737