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    4201 Glass Rd NE Cedar Rapids, IA 52402

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    For Sale
    $825,000

    7,360 SF multi-tenant office building with highway access.

    Property size:
    7,360 SF
    Lot size:
    1.63 Acres

    Property Features for 4201 Glass Rd NE

    General Information

    Size
    7,360 SF
    Lot size
    1.63 Acres

    Source: GLD Commercial Agent Angie Glick

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

    Overview

    Multi-Tenant Office Building For Sale

    This multi-tenant office building is located off Edgewood Rd on Glass Rd NE, offering access to Highway 100 and I-380. Constructed in 1992, the 7,360 square-foot building is situated on over 1.5 acres of land. The property provides approximately 44 parking spaces. Recent improvements have been made to Suite A, updating the interior. The building is currently configured to accommodate two tenants, potentially providing an income stream for an owner-user. One tenant, Cedar Rapids Pain Associates, occupies 4,106 square feet and has committed to a NNN lease at $11.75/SF through January 31, 2025. LPI Loans occupies 3,3254 square feet. An outdoor patio area overlooks a wooded lot.
    Insight Report Location Intelligence

    Current Use by Public Records

    LPI Loans Loan Agency Hammerberg Robert Insurance Agency Brown Aaron Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.699682
    Latitude
    42.0161827

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    FAQs

    What type of property is this?
    Office building - 7,360 SF multi-tenant office building with highway access.
    Where is this office building located?
    The property is located at 4201 Glass Rd NE Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - High-demand location with excellent access to Highway 100 and I-380.; - Existing tenant (Pain Associates) with NNN lease at $11.75/SF through January 31, 2025, providing immediate income.; - Generous **7,360 square feet building size on over 1.5 acres.**
    (319) 731-3400
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    4201 Glass Rd NE Cedar Rapids, IA 52402
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    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
    4201 Glass Rd NE Cedar Rapids, IA 52402
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