1060 Old Marion Rd NE, Cedar Rapids, IA 52402
Stabilized shopping center with grocery, restaurant, and personal care tenants.
- Added:
- Mar 5, 2026
- Days on Market:
- 114
- Last Refresh:
- Mar 16 at 2:51 pm
Property Features for 1060 Old Marion Rd NE
General Information
- Standard status
- Active
- Size
- 15,200 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing office WSG CRE (319) 343-5542
Listing date Mar 5, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of WSG CRE
HighLights
- Stabilized four‑tenant neighborhood shopping center
- Strong lineup of tenants
- Includes grocery tenant
- Includes restaurant tenant
- Includes personal care tenant
- Built in 2005
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 | $222.5k | $14.64 |
| − Vacancy | −$17.2k | −$1.13 |
| EGI | $205.3k | $13.51 |
| − OpEx | −$61.6k | −$4.05 |
| NOI | $143.7k | $9.46 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Park Town Square — 3964 Center Point Rd NE, Cedar Rapids, IA 52402
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.6496545
- Latitude
- 42.0223809
