Updated Office Building For
For Sale
$185,000
115 30th St Dr SE, Cedar Rapids, IA 52403
Office building for sale in Cedar Rapids, Iowa.
Property Size2,677 SF
Price / SF$69.11
Days on Market319
Property Features for 115 30th St Dr SE
General Information
Standard status
Active
Size
2,677 SF
Class
B
Property subtype
Office
Building Details
Building Size
2,677 SF
Listing Agency:
IOWA REALTY COMMERCIAL
Listed By:
Jeremy Tipton, CCIM · License #B59800000
(319) 551-2079
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 3
Last Checked: Oct 5 at 4:23PM
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
Estimated NOI and Cap Rate
NOI / Yr
$12,856
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,120
$257.1K
Cap Rate 7%
$183,657
$183.7K
Cap Rate 9%
$142,844
$142.8K
Market Conditions
NOI Build-Up for 2,677 SF
Gross rent
$22.5K $8.40/SF
− Vacancy
−$5.3K −$2.00/SF
EGI
$17.1K $6.40/SF
− OpEx
−$4.3K −$1.60/SF
NOI
$12.9K $4.80/SF
Area
Cedar Rapids, IA
Vacancy
23.77%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,120
Cap Rate 7%
$183,657
Cap Rate 9%
$142,844
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
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Current Use
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Explore this area
Business Placement
Demographics for 52403, IA
23,012
Population
10,759
Households
2.1
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
26.3 sq mi
ZIP Area
875
Density / Sq Mi
$73,848
Median Household Income
$46,148
Median Earnings
$857
Median Rent
$190,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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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.
