Flex Property with Fenced
For Sale
$1,550,000
2710 SW 6th Street, Cedar Rapids, IA 52404
Combined office, showroom, and warehouse improvements support a range of commercial operations with separate space configurations.
Property Size16,755 SF
Price / SF$92.51
Days on Market187
Property Features for 2710 SW 6th Street
General Information
Standard status
Active
Size
16,755 SF
Property subtype
Commercial
Zoning
S-MC
Lease Type
Net
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
12,337 SF
Office Build-Out
4,038 SF
Taxes and HOA fees
Annual Taxes
$33,347
Amenities
ConcreteSlabGrade
ZeroStepEntry
70131.60 SF
1.61
CountyRoad
Building Details
Year Built
1959
Buildings
2
Listing Agency:
Navigate Homes
(319) 576-8327
Listed By:
Juliana Corona
(319) 576-8327
Source:
Pinnaclerealtyia
Added: Feb 23
Changed: Aug 28
Last Checked: Aug 29 at 6:04AM
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 Navigate Homes
Investment Insights
Based on property information with market context.
The 2710 SW 6th Street property combines 4,038 SF of office and showroom space with 12,337 SF of warehouse area, plus additional basement space. Warehouse access includes eight 16' x 16' overhead doors and one 12' x 12' overhead door. The office/showroom and warehouse components can be leased separately, and the property is offered for sale or lease.
Outdoor operations are supported by more than 0.5 acres of fenced storage area. The site has frontage on 6th Street SW in Cedar Rapids. The building was constructed in 1959. The related 2702 property is offered for sale only, while 2710 is available for both sale and lease.
Outdoor operations are supported by more than 0.5 acres of fenced storage area. The site has frontage on 6th Street SW in Cedar Rapids. The building was constructed in 1959. The related 2702 property is offered for sale only, while 2710 is available for both sale and lease.
Key Highlights
- 4,038 SF of office/showroom space
- 12,337 SF of warehouse space plus additional basement SF
- Eight 16' x 16' OHDs and one 12' x 12' OHD
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
$116,705
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
7.53%
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%
$2,334,100
$2.3M
Cap Rate 7%
$1,667,214
$1.7M
Cap Rate 9%
$1,296,722
$1.3M
Market Conditions
NOI Build-Up for 16,755 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
$191.0K $11.40/SF
− Vacancy
−$11.5K −$0.68/SF
EGI
$179.5K $10.72/SF
− OpEx
−$62.8K −$3.75/SF
NOI
$116.7K $6.97/SF
Area
Cedar Rapids, IA
Vacancy
6.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
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%
$2,334,100
Cap Rate 7%
$1,667,214
Cap Rate 9%
$1,296,722
Alternative Uses
Best Use
Retail
$2.26M
$1.98M – $2.64M
NOI $158,432 @ 7.0% cap · market cap 10.22%
Second Best
Flex RnD
$1.67M
$1.46M – $1.95M
NOI $116,705 @ 7.0% cap · market cap 7.53%
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.83M
NOI $169,749 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Combined office, showroom, and warehouse improvements support a range of commercial operations with separate space configurations.
Where is this flex space located?
The property is located at 2710 SW 6th Street Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 4,038 SF of office/showroom space; 12,337 SF of warehouse space plus additional basement SF; Eight 16' x 16' OHDs and one 12' x 12' OHD
