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    4515 Westdale Pkwy SW Cedar Rapids, IA

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    For Sale
    $2,415,479

    Stand-alone NNN Boulder Tap House built in 2023 for sale.

    Property size:
    5,500 SF
    Lot size:
    1.37 Acres

    Property Features for 4515 Westdale Pkwy SW

    General Information

    Size
    5,500 SF
    Lot size
    1.37 Acres

    Source: Cushman & Wakefield Agent Ryan Fitzpatrick

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

    Overview

    Stand-Alone NNN Boulder Tap House

    An investment opportunity exists to acquire a stand-alone NNN Boulder Tap House, constructed in 2023, with 9.5 years remaining on the lease. The lease includes four 5-year renewal options, each with a 10% increase. The property is strategically located on Edgewood Road in Westdale, offering convenient access to Highway 30 and Interstate I-380. Westdale, originally built in 1979 as a 900,000 square foot traditional two-story enclosed shopping mall, underwent a transformative redevelopment in 2014. Now spanning 40 acres, it features five major big box retail buildings and numerous development pads. The center is currently 100% occupied and includes tenants such as PetSmart, Ross Dress for Less, Michael’s, Burlington, JCPenney, and GSA (VA Clinic), drawing from local, regional, and national markets. The property is 5,500 square feet and suitable for bars, restaurants, retail, and specialty purposes.
    Location Intelligence

    Current Use by Public Records

    Bars

    Similar Places Nearby

    Starbucks

    Map

    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6590662
    Latitude
    41.97464

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    FAQs

    What type of property is this?
    Bar - Stand-alone NNN Boulder Tap House built in 2023 for sale.
    Where is this bar located?
    The property is located at 4515 Westdale Pkwy SW Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $2,415,479.
    What are key features of this property?
    This property features: - Stand-alone NNN Boulder Tap House built in 2023 offering a stable income stream with 9.5 years remaining on the lease.; - Lease includes four 5-year renewal options, each with a 10% rent increase, ensuring increasing returns.; - Located in Westdale, a redeveloped and vibrant 40-acre commercial hub.
    (319) 431-1898
    Request Owner's contact information
    4515 Westdale Pkwy SW Cedar Rapids, IA
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    Cedar Rapids, IA
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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
    4515 Westdale Pkwy SW Cedar Rapids, IA
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