Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1847 1St Ave SE Cedar Rapids, IA 52402

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Highly visible office space near 19th Street, SE.

    Property Features for 1847 1St Ave SE

    General Information

    Standard status
    Active

    Building Details

    Year built
    2012

    We can help!

    Listing Contact
    Craig Byers
    Craig Byers
    Source: Crexi

    Listing Agency: Q4 Real Estate Listing Agent: Craig Byers

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

    Learn more

    Overview

    First Floor Office Space Available

    This first-floor office space is situated in a highly visible location on 1st Avenue, near the intersection of 19th Street, SE. The modern building provides a spacious suite suitable for professional office use. Monument signage opportunities are available on 1st Avenue. The property includes off-street parking for tenants and customers. The complex is currently occupied by tenants specializing in healthcare and dermatology.
    Location Intelligence

    Current Use by Public Records

    MedTouch (Bike/Boat/Book/etc) Store PromptCare - Cedar Rapids Home Health Care Service Select Physical Therapy ... Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6445962
    Latitude
    41.9921418

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      IA, Cedar Rapids - N River Blvd NE

      Discover many ways to work your way in IA, Cedar Rapids - N River Blvd NE
      4415 River Blvd, Cedar Rapids, IA 52411
      View Details
    • New
      Contact for pricing

      Cedar Rapids Flex Industrial Warehouse

      Well-maintained 8,474 SF flex industrial warehouse for lease.
      1402 18Th St SW, Cedar Rapids, IA 52404
      View Details
    • $18 SF/Yr

      Retail Space in CedarRapids, Iowa

      High-traffic location ideal for retail, dining, or service businesses.
      2300 Edgewood Rd SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Industrial Space for Lease

      9,500 SF industrial space available for lease.
      5203 16Th Ave SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Former Restaurant Space on 1st Avenue

      7,329 SF commercial space suitable for restaurant, retail, showroom.
      3939 1St Ave Se, Cedar Rapids, IA 52402
      View Details
    • $1,400 /Mo
      12,437 SF

      Updated Office Space For Rent

      Clean, updated office space with private entrance and parking.
      618 14Th Ave SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Professional Office Space Available

      Multiple office spaces for lease with on-site parking.
      4935 Bowling St SW, Cedar Rapids, IA 52404
      View Details
    • $21 SF/Yr

      Retail Space at Lindale Crossing

      Retail space for lease in a high-traffic shopping center.
      4840 1St Ave NE, Cedar Rapids, IA 52402
      View Details
    • $650,000

      Medical Office Building For Lease

      8,576 SF medical office building for sale or lease.
      2727 1St Ave Se, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing

      Retail Investment Opportunity in Cedar Rapids

      Net leased retail investment with national credit tenants.
      4545 1St Ave SE, Cedar Rapids, IA 52402
      View Details
    • $16 SF/Yr
      11,906 SF

      Class A Office Sublease

      Furnished office space in Cedar Rapids' northeast business district.
      4201 42Nd St NE, Cedar Rapids, IA 52402
      View Details
    • $10 SF/Yr

      Downtown Retail Space Near Theater

      Retail space with display windows in downtown Cedar Rapids.
      305 2Nd St SE, Cedar Rapids, IA 52401
      View Details

    FAQs

    What type of property is this?
    Office units - Highly visible office space near 19th Street, SE.
    Where is this office units located?
    The property is located at 1847 1St Ave SE Cedar Rapids, IA.
    What are key features of this property?
    This property features: - Highly visible location on 1st Avenue near 19th Street, SE.; - Modern building with spacious first-floor office suite.; - Prominent monument signage opportunities on 1st Avenue.
    (319) 360-7017
    Request Owner's contact information
    1847 1St Ave SE Cedar Rapids, IA 52402
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1847 1St Ave SE
    Cedar Rapids, IA 52402
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1847 1St Ave SE Cedar Rapids, IA 52402
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Craig Byers
    Craig Byers
    Real Estate License ID: S61123000
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!