Automotive Repair
For Sale
$405,000
Pending
1910 Saint Andrews Ct Ne, Cedar Rapids, IA 52402
Operating business in the automotive repair and vehicle-care sector.
Property Size3,500 SF
Days on Market160
Property Features for 1910 Saint Andrews Ct Ne
General Information
Standard status
Pending
Size
3,500 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$10,748
Listing Agency:
SKOGMAN REALTY COMMERCIAL
(319) 363-8286
Listed By:
Doug Laird
(319) 360-8577
Source:
Exprealty
Added: May 8
Changed: Oct 5
Last Checked: Oct 12 at 10:47PM
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 SKOGMAN REALTY COMMERCIAL
Investment Insights
Based on property information with market context.
Automotive repair business located at 1910 Saint Andrews Court Northeast in Cedar Rapids, Iowa. The operation serves recurring vehicle service needs within the local market and competes with independent repair shops and franchised dealerships.
Key Highlights
- Established operation in the automotive repair industry
- Located at 1910 Saint Andrews Court Northeast, Cedar Rapids, IA 52402
- Serves recurring vehicle repair and maintenance needs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,095
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,900
$661.9K
Cap Rate 7%
$472,786
$472.8K
Cap Rate 9%
$367,722
$367.7K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$51.2K $14.64/SF
− Vacancy
−$4.0K −$1.13/SF
EGI
$47.3K $13.51/SF
− OpEx
−$14.2K −$4.05/SF
NOI
$33.1K $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%
$661,900
Cap Rate 7%
$472,786
Cap Rate 9%
$367,722
Alternative Uses
Best Use
Retail
$472.8K
$413.7K – $551.6K
NOI $33,095 @ 7.0% cap · market cap 8.17%
Second Best
Industrial
$262.2K
$229.4K – $305.9K
NOI $18,351 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$506.6K
$443.2K – $591.0K
NOI $35,459 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Well-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
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- Indian Motorcycle of Cedar Rapids — 4645 Center Point Rd NE, Cedar Rapids, IA 52403
- McGrath Chrysler Jeep Dodge Ram Service — 4610 Center Point Rd NE, Cedar Rapids, IA 52402
- Mopar Service — 46th St NE, Cedar Rapids, IA 52402
Frequently Asked Questions
What type of property is this?
Auto shop - Operating business in the automotive repair and vehicle-care sector.
Where is this auto shop located?
The property is located at 1910 Saint Andrews Ct Ne Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Established operation in the automotive repair industry; Located at 1910 Saint Andrews Court Northeast, Cedar Rapids, IA 52402; Serves recurring vehicle repair and maintenance needs
