Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3475 Westdale Dr Sw Cedar Rapids, IA 52404

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,595,555

    Stand-alone NNN Burlington Coat Factory with over 6 years remaining.

    Lot size:
    1.38 Acres

    Property Features for 3475 Westdale Dr Sw

    General Information

    Standard status
    Active
    Lot size
    1.38 Acres

    We can help!

    Listing Contact
    Ryan Fitzpatrick
    Source: Exprealty

    Listing Agency: Cushman & Wakefield Iowa Commercial Advisors Listing Agent: Ryan Fitzpatrick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    NNN Leased Investment Opportunity

    This stand-alone property is leased to Burlington Coat Factory under a NNN lease agreement. The original lease term was 15 years, with over 6 years remaining. The lease includes a rental increase of 10% scheduled in 3 years. The property is located in Cedar Rapids, Iowa.
    Location Intelligence

    Current Use by Public Records

    Burlington Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.719264
    Latitude
    41.9505223

    Nearby Similar for Sale

    • New
      Contact for pricing
      19,200 SF

      Downtown Cedar Rapids Office Building

      Turnkey office building with drive-thru and on-site parking.
      320 3Rd St SE, Cedar Rapids, IA 52401
      View Details
    • $1,300,000
      9,600 SF

      Cedar Rapids Office with Gym

      Spacious office building with gym, built in 2008.
      6205 11Th St SW, Cedar Rapids, IA 52404
      View Details
    • New
      $1,700,000
      16,800 SF

      Historic Mixed-Use Landmark in Cedar Rapids

      Two-story, 16,800 SF mixed-use building near MedQ and I-380.
      724 3Rd Ave SE, Cedar Rapids, IA 52401
      View Details
    • New
      Contact for pricing
      19,200 SF

      Downtown Office Building with Drive-Thru

      Turnkey office building with drive-thru and on-site parking.
      320 3Rd St SE, Cedar Rapids, IA 52401
      View Details
    • $1,500,000
      22,520 SF

      Versatile Warehouse Facility with Office

      Expansive warehouse and office complex with over 22,500 SF of space.
      34 43Rd Ave SW, Cedar Rapids, IA 52404
      View Details
    • New
      $1,400,000
      13,248 SF

      Multifamily Complex in Cedar Rapids

      23-unit multifamily property with remodeled units and income potential.
      120-126 NE 32Nd St, Cedar Rapids, IA 52402
      View Details
    • $359,950
      1,800 SF

      Turnkey Day Care Business

      Day care business for sale with real estate included.
      215 Edgewood Rd SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      3,232 SF

      Cedar Rapids Office Space Available

      Professional office space in premier Cedar Rapids office park.
      3900 River Ridge Dr NE A & B, Cedar Rapids, IA 52402
      View Details
    • $129,000
      2,077 SF

      Updated Duplex in Cedar Rapids

      Turnkey duplex with modern finishes and recent upgrades.
      1608 B Ave NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      7,329 SF

      Prime Retail/Restaurant Opportunity

      7,329 SF commercial space on 1.62 acres.
      3939 1St Ave SE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      6,692 SF

      Versatile Warehouse with Office Space

      Warehouse with office space, loading dock, and updated utilities.
      6325 7Th Street Ct SW, Cedar Rapids, IA 52404
      View Details
    • $165,000
      2,776 SF

      Cedar Rapids Multifamily Investment Property

      Five-unit multifamily building with a solid rental history in Cedar Rapids.
      1249 3Rd Ave SE, Cedar Rapids, IA 52403
      View Details

    FAQs

    What type of property is this?
    Storefront property - Stand-alone NNN Burlington Coat Factory with over 6 years remaining.
    Where is this storefront property located?
    The property is located at 3475 Westdale Dr Sw Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $6,595,555.
    What are key features of this property?
    This property features: - Stand-alone NNN Burlington Coat Factory investment opportunity.; - $6,595,555 Investment Property.; - 6+ Years Remaining on Original 15-Year Lease.
    (319) 229-1003
    Request Owner's contact information
    3475 Westdale Dr Sw Cedar Rapids, IA 52404
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3475 Westdale Dr Sw
    Cedar Rapids, IA 52404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3475 Westdale Dr Sw Cedar Rapids, IA 52404
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ryan Fitzpatrick
    (319) 229-1003
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.