Cedar Rapids Industrial/Office Flex
For Sale
Contact for pricing
1075 Rockford Rd SW, Cedar Rapids, IA 52404
Versatile commercial property in Cedar Rapids' industrial corridor.
Property Size10,802 SF
Price / SF$57.86
Days on Market199
Property Features for 1075 Rockford Rd SW
General Information
Standard status
Active
Size
10,802 SF
Property subtype
Office, Industrial
Listing Agency:
Toggle Space
(515) 783-4174
Listed By:
Josh Masters · License #IA S63238000
Source:
Crexi
Added: Jan 30
Changed: Aug 14
Last Checked: Aug 14 at 6:05AM
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 Toggle Space
Investment Insights
Based on property information with market context.
This commercial property is located in the heart of Cedar Rapids’ industrial corridor. It offers a mix of office and warehouse/shop space, suitable for contractors, service providers, or light manufacturing operations. The property includes 4,802 square feet of office space and 6,000 square feet of industrial space. The office area features 14 offices, a large conference room, a walk-in reception area, and 2 break rooms. There are also 3 restrooms. The warehouse area includes 3 separate spaces and 5 overhead doors, each measuring 12 feet in height. The property also features an abundance of parking.
Key Highlights
- Prime location in Cedar Rapids’ industrial corridor.
- Versatile commercial property suitable for owner‑users or investors.
- Well‑balanced mix of 4,802 SF office and 6,000 SF industrial space.
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
$56,637
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
9.06%
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%
$1,132,740
$1.1M
Cap Rate 7%
$809,100
$809.1K
Cap Rate 9%
$629,300
$629.3K
Market Conditions
NOI Build-Up for 10,802 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
$84.3K $7.80/SF
− Vacancy
−$3.3K −$0.31/SF
EGI
$80.9K $7.49/SF
− OpEx
−$24.3K −$2.25/SF
NOI
$56.6K $5.24/SF
Area
Cedar Rapids, IA
Vacancy
3.97%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,132,740
Cap Rate 7%
$809,100
Cap Rate 9%
$629,300
Alternative Uses
Best Use
Flex RnD
$1.07M
$940.5K – $1.25M
NOI $75,240 @ 7.0% cap · market cap 12.04%
Second Best
Industrial
$809.1K
$708.0K – $944.0K
NOI $56,637 @ 7.0% cap · market cap 9.06%
Theoretical Best
Specialty Retail
$1.56M
$1.37M – $1.82M
NOI $109,438 @ 7.0% cap · market cap 17.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52404, IA
43,385
Population
19,923
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
767
Density / Sq Mi
$62,304
Median Household Income
$38,865
Median Earnings
$885
Median Rent
$159,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Katering Kitchen — 426 1st Ave NW, Cedar Rapids, IA 52405
- Peppercorn Food Company — 426 1st Ave NW, Cedar Rapids, IA 52405
- Hy-Vee Catering — 1843 Johnson Ave NW Stop 1, Cedar Rapids, IA 52405
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial property in Cedar Rapids' industrial corridor.
Where is this flex space located?
The property is located at 1075 Rockford Rd SW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Prime location in Cedar Rapids’ industrial corridor.; Versatile commercial property suitable for owner‑users or investors.; Well‑balanced mix of **4,802 SF office and 6,000 SF industrial space.**
