2008 Office Building with Private
For Sale
$1,300,000
6205 11th Street SW, Cedar Rapids, IA 52404
Constructed in 2008, this office building includes a private built-in gym and kitchenette within a 9,600-sf layout.
Property Size9,600 SF
Price / SF$135.42
Days on Market636
Property Features for 6205 11th Street SW
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Commercial
Zoning
COMMERCI
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$25,630
Amenities
Concrete,See Remarks
Yes
1
No
Building,See Remarks
Public
2.21
96,268
Off Street
Building Details
Year Built
2008
Stories
1
Listing Agency:
GLD Commercial Real Estate Advisors
(319) 393-0900
Listed By:
Karrie Schultz · License #B63691000
(319) 540-1281
Source:
Pinnaclerealtyia
Added: Jan 16, 2025
Changed: Oct 11
Last Checked: Oct 12 at 5:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GLD Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This office building was constructed in 2008 and offers a spacious, flexible interior designed to support day-to-day operations. The exterior features limestone and masonry brick construction. The building also includes an on-site, private built-in gym, along with a fully functional kitchenette to support staff and office use.
Located at 6205 11th Street SW in Cedar Rapids, Iowa 52404, the property is described as being just minutes from the airport and providing easy access to interstate highways.
For tenants, the private gym and kitchenette are practical amenities that keep work routines centralized. The overall layout is sized to accommodate a wide range of office requirements, making it suitable for organizations seeking a purpose-built professional setting with durability-focused exterior materials. Buyers should consider the building’s 2008 construction, exterior brick and limestone finish, and built-in amenity features when evaluating it for future office use.
Located at 6205 11th Street SW in Cedar Rapids, Iowa 52404, the property is described as being just minutes from the airport and providing easy access to interstate highways.
For tenants, the private gym and kitchenette are practical amenities that keep work routines centralized. The overall layout is sized to accommodate a wide range of office requirements, making it suitable for organizations seeking a purpose-built professional setting with durability-focused exterior materials. Buyers should consider the building’s 2008 construction, exterior brick and limestone finish, and built-in amenity features when evaluating it for future office use.
Key Highlights
- Constructed in 2008, single‑story commercial office space with 9,600‑sf layout
- Private built‑in gym and fully functional kitchenette included for day‑to‑day office use
- Concrete flooring, with heating and air conditioning (HVAC) available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,104
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,080
$922.1K
Cap Rate 7%
$658,629
$658.6K
Cap Rate 9%
$512,267
$512.3K
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$80.6K $8.40/SF
− Vacancy
−$19.2K −$2.00/SF
EGI
$61.5K $6.40/SF
− OpEx
−$15.4K −$1.60/SF
NOI
$46.1K $4.80/SF
Area
Cedar Rapids, IA
Vacancy
23.77%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,080
Cap Rate 7%
$658,629
Cap Rate 9%
$512,267
Alternative Uses
Best Use
Office B
$658.6K
$576.3K – $768.4K
NOI $46,104 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,260 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
Demographics for 52404, IA
43,385
Population
19,923
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
767
Density / Sq Mi
$62,304
Median Household Income
$38,865
Median Earnings
$885
Median Rent
$159,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Constructed in 2008, this office building includes a private built-in gym and kitchenette within a 9,600-sf layout.
Where is this office building located?
The property is located at 6205 11th Street SW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Constructed in 2008, single‑story commercial office space with 9,600‑sf layout; Private built‑in gym and fully functional kitchenette included for day‑to‑day office use; Concrete flooring, with heating and air conditioning (HVAC) available
