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    3214 1St Ave NE Cedar Rapids, IA 52402

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    For Sale
    $2,513,500

    Single-tenant Starbucks for sale on a prime retail corridor.

    Property size:
    2,437 SF
    Lot size:
    0.76 Acres

    Property Features for 3214 1St Ave NE

    General Information

    Size
    2,437 SF
    Lot size
    0.76 Acres

    Source: GLD Commercial Agent Adam Gibbs

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cedar Rapids Starbucks Investment Opportunity

    This single-tenant Starbucks property is available for sale and is situated on a corner lot with frontage along 1st Avenue NE, a main retail corridor in Cedar Rapids, Iowa. The property generates an annual net rent of $150,810 and is offered at a 6% cap rate. The lease has 9 years remaining, expiring on February 28, 2035, with a 10% rent increase scheduled at the end of Year 5. The building has a size of 2437 square feet. Located on 1st Avenue NE, the site benefits from high visibility, substantial traffic counts, and a dense surrounding customer base. Recent property updates and Starbucks’ long-term commitment are intended to make this an attractive, stable investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Starbucks Coffee Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    D.M. Tea, Starbucks

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6354795
    Latitude
    42.0100573

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    FAQs

    What type of property is this?
    Coffee shop - Single-tenant Starbucks for sale on a prime retail corridor.
    Where is this coffee shop located?
    The property is located at 3214 1St Ave NE Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $2,513,500.
    What are key features of this property?
    This property features: - Single-tenant Starbucks property for sale.; - Located on a corner lot with **prime frontage along 1st Avenue NE**, a main retail corridor.; - **Generates $150,810 annual net rent.**
    (319) 731-3400
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3214 1St Ave NE Cedar Rapids, IA 52402
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