Building Details

Year built 2027

Flooring type Concrete

Building materials Frame

Roof type Metal

Listing Agency: Realty87 · Coldwell Banker Real Estate c***@cbhrealty.com Show Phone

Listed By: Christina Axvig Show Phone

Added: Jul 8 Changed: Aug 20 Last Checked: Oct 7 at 6:06AM

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MLS# 2604919

Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

A proposed 3,000-square-foot retail building is planned for construction on a 2.26-acre commercial site. The frame-constructed property is identified as under construction, with a metal roof and concrete flooring. Building dimensions, floor plan, exterior appearance, finishes, and site improvements can be tailored to operational requirements.

The property is positioned along North Center Point Road at the entrance to a newer commercial development in Robins, Iowa. Concept plans include a potential drive-through, subject to applicable approvals. The property is zoned COMM, with additional build-to-suit options within Tradesman Square ranging from 3,000 square feet to approximately 22,000 square feet.

Key Highlights

• 3,000 SF proposed retail building on a 2.26‑acre site
• COMM zoning with retail, office, restaurant, medical, and professional service applications identified
• Potential drive‑through shown in the concept plan, subject to applicable approvals

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,394

Cap Rate

4.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$607,880 $607.9K

Cap Rate 7%

$434,200 $434.2K

Cap Rate 9%

$337,711 $337.7K

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$43.9K $14.64/SF

− Vacancy

−$3.4K −$1.13/SF

EGI

$40.5K $13.51/SF

− OpEx

−$10.1K −$3.38/SF

NOI

$30.4K $10.13/SF

Area

Linn County, IA

Vacancy

7.73%

Lease Rate

$14.64 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$607,880

Cap Rate 7%

$434,200

Cap Rate 9%

$337,711

Alternative Uses

Best Use

Specialty Retail

$434.2K

$379.9K – $506.6K (±1% cap)

NOI $30,394 @ 7.0% cap · market cap 4.83%

Second Best

Retail

$405.2K

$354.6K – $472.8K (±1% cap)

NOI $28,367 @ 7.0% cap · market cap 4.51%

Theoretical Best

Self Storage

$504.9K

$441.8K – $589.1K (±1% cap)

NOI $35,343 @ 7.0% cap · market cap 5.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Retail space

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

64

Businesses Nearby

Explore this area Business Placement

Demographics for 52328, IA

2,889

Population

1,036

Households

2.8

Avg Household Size

46

Median Age

56%

College-Educated

99%

High-School Grad

2.7 sq mi

ZIP Area

1,070

Density / Sq Mi

$132,833

Median Household Income

$49,375

Median Earnings

$962

Median Rent

$343,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - Proposed commercial construction can be customized for retail, office, restaurant, medical, or professional service use.

Where is this retail space located?

The property is located at 3230 N Center Pt Road Robins, IA.

What is the asking price?

The asking price for this property is $629,000.

What are key features of this property?

This property features: 3,000 SF proposed retail building on a 2.26‑acre site; COMM zoning with retail, office, restaurant, medical, and professional service applications identified; Potential drive‑through shown in the concept plan, subject to applicable approvals