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    1140 Blairs Ferry Rd NE Cedar Rapids, IA 52402

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    For Sale
    $2,362,335

    Multi-tenant retail property near Target with high traffic.

    Property size:
    7,801 SF
    Lot size:
    1.95 Acres

    Property Features for 1140 Blairs Ferry Rd NE

    General Information

    Size
    7,801 SF
    Lot size
    1.95 Acres

    Source: GLD Commercial Agent Adam Gibbs

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

    Overview

    Fully Leased Retail Investment Opportunity

    This fully leased multi-tenant retail property is located on Blairs Ferry Rd NE, between Council Street and Rockwell Dr, near Target. The location benefits from high traffic, with nearly 23,000 vehicles per day. The property was extensively renovated in 2021/2022, including a new roof, new façade, and all new HVAC. The property includes 128 parking spaces. Tenants include Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. The property offers a 7.25% CAP rate. The current NOI is $171,272 and is subject to annual rental increases per the leases. The property size is 7801 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mextizo Mexican Restaurant The Good Feet Store Orthotics & Prosthetics Service Dunn Brothers Coffee Coffee Shop Hunt Graphic Innovations Graphic Designer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.653664
    Latitude
    42.0355956

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    FAQs

    What type of property is this?
    Strip mall - Multi-tenant retail property near Target with high traffic.
    Where is this strip mall located?
    The property is located at 1140 Blairs Ferry Rd NE Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $2,362,335.
    What are key features of this property?
    This property features: - Fully leased multi-tenant retail investment opportunity providing immediate income.; - Great 7.25% CAP rate.; - Extensively renovated in 2021/2022, including new roof, facade, and HVAC.
    (319) 731-3400
    Request Owner's contact information
    1140 Blairs Ferry Rd NE Cedar Rapids, IA 52402
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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
    1140 Blairs Ferry Rd NE Cedar Rapids, IA 52402
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