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 Market115
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) 360-8577
Listed By:
Doug Laird · License #0000000
(319) 360-8577
Source:
Exprealty
Added: May 8
Changed: Aug 29
Last Checked: Aug 20 at 7:46AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,095
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
