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Commercial Space in Cedar Rapids

Ders Drive NW lot 9 Cedar Rapids, IA 52404

Ders Drive NW lot 9, Cedar Rapids, IA, 52404
$1,802,705
For Sale
Claim this Listing
$1,802,705

COMMERCIAL - Cedar Rapids, IA

Property Size13,248 SF
Lot Size2.73 Acres
Price / SF$136.07
AddedApr 8
Days on Market98
Last RefreshJul 14 at 6:06 pm

Property Features for Ders Drive NW lot 9

General Information

Property type
Commercial Sale
Property subtype
Retail
Property condition
Under Construction
Zoning
Comm
Standard status
Active
APN
0304330001 58 58
Size
13,248 SF
Lot size
2.73 Acres

Taxes and HOA fees

Tax Description
JOCO 50 SUBDIVISION LOT 9
Tax Annual Amount
58

Building Details

Year built
2026
Building materials
Frame, Pole
Roof type
Metal

Listing agent Trev Adair License #322502720

Listing office Pinnacle Realty LLC 1110 Dina Ct Suite A, Cedar Rapids, IA

Listing date Apr 8, 2026

MLS# 2602411

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 commercial property, located in Cedar Rapids, Iowa, offers a versatile space suitable for retail or other commercial ventures. The property, situated on a 2.73-acre lot, features a building with 13,248 square feet of space. Zoned for commercial use, the property presents a development opportunity. The listing is for a design concept, with the possibility to construct a building of any size and style. A vanilla shell build-out is estimated to take approximately 12 weeks.

Key Highlights

  • Customizable size and style: Build to suit your specific needs.
  • New construction: Benefit from modern design and construction standards.
  • Estimated 12‑week availability for vanilla shell: Relatively quick turnaround time.

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 $194.0k $14.64
− Vacancy −$15.0k −$1.13
EGI $179.0k $13.51
− OpEx −$53.7k −$4.05
NOI $125.3k $9.46
13,248 SF · lease $14.64/SF/yr · vacancy 7.73% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.79M
$1.57M – $2.09M (±1% cap)
NOI $125,271 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M (±1% cap)
NOI $134,219 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Retail space

FAQs

What type of property is this?
Retail space - Commercial space available for sale in Cedar Rapids, Iowa.
Where is this retail space located?
The property is located at Ders Drive NW lot 9 Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $1,802,705.
What are key features of this property?
This property features: Customizable size and style: Build to suit your specific needs.; New construction: Benefit from modern design and construction standards.; Estimated 12‑week availability for vanilla shell: Relatively quick turnaround time.
Contact an agent
More about this property
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