Storefront Building with Display
For Sale
$195,000
1449 B Avenue NE, Cedar Rapids, IA 52402
The commercial space includes customer-facing display windows, storage, and off-street parking.
Property Size1,200 SF
Price / SF$162.50
Days on Market24
Property Features for 1449 B Avenue NE
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1900
Listing Agency:
Keller Williams Legacy Group
Listed By:
Notascha Duggan
(319) 423-4139
Source:
Cbhrealty
Added: Sep 21
Changed: Oct 13
Last Checked: Oct 12 at 8:38PM
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 Keller Williams Legacy Group
Investment Insights
Based on property information with market context.
This 1,200-square-foot storefront property was built in 1900 and has display windows and interior storage. Off-street parking is available, and the property is zoned C.
Located at 1449 B Avenue NE in Cedar Rapids, the building offers a storefront configuration with storage space.
Located at 1449 B Avenue NE in Cedar Rapids, the building offers a storefront configuration with storage space.
Key Highlights
- 1,200 square feet of commercial space
- Display windows and interior storage
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,347
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,940
$226.9K
Cap Rate 7%
$162,100
$162.1K
Cap Rate 9%
$126,078
$126.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$17.6K $14.64/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$16.2K $13.51/SF
− OpEx
−$4.9K −$4.05/SF
NOI
$11.3K $9.46/SF
Area
Cedar Rapids, IA
Vacancy
7.73%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,940
Cap Rate 7%
$162,100
Cap Rate 9%
$126,078
Alternative Uses
Best Use
Retail
$162.1K
$141.8K – $189.1K
NOI $11,347 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$173.7K
$152.0K – $202.6K
NOI $12,157 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,904
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52402, IA
42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- St. Luke's Floral & Gifts — 1026 A Ave NE, Cedar Rapids, IA 52402
Frequently Asked Questions
What type of property is this?
Storefront property - The commercial space includes customer-facing display windows, storage, and off-street parking.
Where is this storefront property located?
The property is located at 1449 B Avenue NE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,200 square feet of commercial space; Display windows and interior storage; Off‑street parking
