Mixed-Use Commercial Property For
For Sale
$600,000
3414 Mt Vernon Road SE, Cedar Rapids, IA 52403
Mixed-use commercial property with 4,116 square feet available for sale.
Property Size4,116 SF
Price / SF$145.77
Days on Market197
Property Features for 3414 Mt Vernon Road SE
General Information
Standard status
Active
Size
4,116 SF
Property subtype
Farm
Taxes and HOA fees
Annual Taxes
$24,046
Amenities
Level
Public
0.82
35,719
Paved
Listing Agency:
GLD COMMERCIAL
(319) 393-0900
Listed By:
Tatiana McClinton
(319) 270-6253
Source:
Pinnaclerealtyia
Added: Mar 27
Changed: Oct 7
Last Checked: Oct 9 at 4:49PM
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 GLD COMMERCIAL
Investment Insights
Based on property information with market context.
This mixed-use commercial property, identified as T-MC Traditional Mixed Use Commercial, is available for sale. The property offers 4,116 square feet of space.
Key Highlights
- Traditional mixed use commercial property
- For sale
- T‑MC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,920
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,400
$778.4K
Cap Rate 7%
$556,000
$556.0K
Cap Rate 9%
$432,444
$432.4K
Market Conditions
NOI Build-Up for 4,116 SF
Gross rent
$60.3K $14.64/SF
− Vacancy
−$4.7K −$1.13/SF
EGI
$55.6K $13.51/SF
− OpEx
−$16.7K −$4.05/SF
NOI
$38.9K $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%
$778,400
Cap Rate 7%
$556,000
Cap Rate 9%
$432,444
Alternative Uses
Best Use
Retail
$556.0K
$486.5K – $648.7K
NOI $38,920 @ 7.0% cap · market cap 6.49%
Second Best
Mixed Use
$497.7K
$435.5K – $580.6K
NOI $34,837 @ 7.0% cap · market cap 5.81%
Theoretical Best
Specialty Retail
$595.7K
$521.3K – $695.0K
NOI $41,700 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 52403, IA
23,012
Population
10,759
Households
2.1
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
26.3 sq mi
ZIP Area
875
Density / Sq Mi
$73,848
Median Household Income
$46,148
Median Earnings
$857
Median Rent
$190,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use commercial property with 4,116 square feet available for sale.
Where is this mixed-use property located?
The property is located at 3414 Mt Vernon Road SE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Traditional mixed use commercial property; For sale; T‑MC zoning
