Updated Office Building For
115 30th St Dr SE Cedar Rapids, IA 52403
For Sale
$185,000
Office building for sale in Cedar Rapids, Iowa.
Property Size2,677 SF
Price / SF$69.11
Days on Market250
Property Features for 115 30th St Dr SE
General Information
Standard status
Active
Size
2,677 SF
Property subtype
Office
Listing Agency:
IOWA REALTY COMMERCIAL
(319) 551-2079
Listed By:
Jeremy Tipton, CCIM · License #B59800000
(319) 551-2079
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 29 at 5:45AM
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 IOWA REALTY COMMERCIAL
Investment Insights
Based on property information with market context.
This updated office building is available for sale. The property is situated in Cedar Rapids, Iowa, across from Raining Rose, located just off 1st Avenue. Specifically, the building is located on 30th Street and 1st Avenue SE. The property offers a total size of 2677 square feet.
Key Highlights
- Updated office building, ready for your business.
- Located in Cedar Rapids.
- Located off 1st Avenue.
Financial Insights For Office B
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 | $22.5k | $8.40 |
| − Vacancy | −$5.3k | −$2.00 |
| EGI | $17.1k | $6.40 |
| − OpEx | −$4.3k | −$1.60 |
| NOI | $12.9k | $4.80 |
2,677 SF · lease $8.40/SF/yr · vacancy 23.77% · expense 25.00%
Alternative Uses
Best Use
Office B
$183.7K
$160.7K – $214.3K
NOI $12,856 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$387.4K
$339.0K – $452.0K
NOI $27,121 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building for sale in Cedar Rapids, Iowa.
Where is this office building located?
The property is located at 115 30th St Dr SE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Updated office building, ready for your business.; Located in Cedar Rapids.; Located off 1st Avenue.
