1140 Blairs Ferry Rd NE Cedar Rapids, IA 52402
Fully leased retail property near Super Target with 7.5% CAP.
Property Features for 1140 Blairs Ferry Rd NE
General Information
- Standard status
- Active
- Size
- 7,801 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1993
Listing office GLD Commercial Real Estate Advisors (319) 731-3415
Listing date Apr 6, 2023
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Fully leased multi‑tenant retail property with a desirable 7.5% CAP rate.
- Recently renovated in 2021/2022 with a new roof, facade, and HVAC system.
- High traffic location on Blairs Ferry Rd NE (nearly 23,000 vehicles per day).
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 | $114.2k | $14.64 |
| − Vacancy | −$8.8k | −$1.13 |
| EGI | $105.4k | $13.51 |
| − OpEx | −$31.6k | −$4.05 |
| NOI | $73.8k | $9.46 |
