Flex Office and Industrial
For Sale
Contact for pricing
1075 Rockford Rd SW, Cedar Rapids, IA 52404
Includes 4,802 SF office space and 6,000 SF industrial area with five 12' overhead doors and abundant parking.
Property Size10,802 SF
Price / SF$57.86
Days on Market391
Property Features for 1075 Rockford Rd SW
General Information
Standard status
Active
Size
10,802 SF
Property subtype
INDUSTRIAL
Additional Details
Office Units
14
Amenities
conference room
break rooms
reception area
Listing Agency:
Toggle Space
(515) 783-4174
Listed By:
Josh Masters · License #S63238000
(515) 783-4174
Source:
Moodyscre
Added: Jul 23, 2025
Changed: Aug 8
Last Checked: Aug 8 at 10:24AM
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 flex office and industrial warehouse features approximately 4,802 SF of office space plus approximately 6,000 SF of industrial space. The office component includes 14 offices, a large conference room, two break rooms, a walk-in reception area, and three restrooms.
The warehouse area is configured as three separate warehouse spaces and is served by five 12' overhead doors. The property also offers an abundance of parking for staff and visitors.
Overall, the layout supports a mixed-use setup for office and warehouse operations within the same facility.
The warehouse area is configured as three separate warehouse spaces and is served by five 12' overhead doors. The property also offers an abundance of parking for staff and visitors.
Overall, the layout supports a mixed-use setup for office and warehouse operations within the same facility.
Key Highlights
- Total space: 4,802 SF office and 6,000 SF industrial
- Office includes 14 offices, 1 large conference room, and a walk‑in reception area
- Industrial area features 5 separate 12' overhead doors
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
Warehouse
$982.5K
$859.7K – $1.15M
NOI $68,774 @ 7.0% cap · market cap 11.00%
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
Current Use
Lease Details
14
Office units
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Includes 4,802 SF office space and 6,000 SF industrial area with five 12' overhead doors and abundant parking.
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: Total space: 4,802 SF office and 6,000 SF industrial; Office includes 14 offices, 1 large conference room, and a walk‑in reception area; Industrial area features 5 separate 12' overhead doors
