Add Listing
    For Lease
    • 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

    411 6th Ave SE Cedar Rapids, IA 52401

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Renovated retail/office space in downtown Cedar Rapids with parking.

    Type:Retail, Office
    Property size:
    4,578 SF
    Added:
    May 11, 2024
    Days on Market:
    706
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 411 6th Ave SE

    General Information

    Standard status
    Active
    Size
    4,578 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1922

    Spaces For Lease

    at 411 6th Ave SE Contact us

    Suite 100 $12 /Mo

    Size
    4,578 SF
    Type
    Retail
    Lease Rate $12.00 SF/yr
    Contact us

    We can help!

    Listing Contact
    Adam Gibbs

    Listing agent Adam Gibbs License #IA B43857000

    Listing office GLD Commercial Real Estate Advisors

    Listing date May 11, 2024

    Source Crexi

    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 Real Estate Advisors

    Overview

    Renovated Retail and Office Space

    The Harper and McIntire Building, previously the Smulekoff Warehouse, underwent a complete renovation in 2018 and provides retail and office spaces for lease. Suite 100, located on the main floor, offers 4,578 square feet of open-concept space with in-suite restrooms. This space is suitable for retail or office use, benefiting from ample natural light. The building features ADA access and an elevator to the upper floors. Approximately 100 on-site shared parking spaces are available. Situated in downtown Cedar Rapids, the location provides a mix of historic character and modern amenities. Tenants have access to various amenities within walking distance, as well as convenient access to major highways and public transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Harmac Hotel & Motel Foth Engineering Consultant The Overture Group Employment Agency Heather Vestweber Financial Advisor Chris Casey Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Law Firm Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6614042
    Latitude
    41.9757907

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      IA, Cedar Rapids - N River Blvd NE

      4415 River Blvd, Cedar Rapids, IA 52411
      View Details
    • $18/mo

      Retail Space in CedarRapids, Iowa

      High-traffic location ideal for retail, dining, or service businesses.
      2300 Edgewood Rd SW, CedarRapids, IA 52404
      View Details
    • $16/mo

      Class A Office Sublease

      Furnished office space in Cedar Rapids' northeast business district.
      4201 42nd St NE, Cedar Rapids, IA
      View Details
    • Contact for pricing

      Updated Office Space For Rent

      Clean, updated office space with private entrance and parking.
      618 14th SW Avenue B, Cedar Rapids, IA 52404
      View Details
    • $6/mo

      Cedar Rapids Auto Shop Space

      Highly visible shop space with outdoor storage and paint booth.
      1813 16th Ave SW, Cedar Rapids, IA
      View Details
    • $21/mo

      Retail Space at Lindale Crossing

      Retail space for lease in a high-traffic shopping center.
      4840 1st Ave NE, Cedar Rapids , IA 52402
      View Details
    • $650,000/mo

      Medical Office Building For Lease

      8,576 SF medical office building for sale or lease.
      2727 1st Ave Se, Cedar Rapids, IA, 52402-4844
      View Details
    • $10/mo

      Downtown Retail Space Near Theater

      Retail space with display windows in downtown Cedar Rapids.
      305 2nd Street SE, Cedar Rapids, IA 52401
      View Details
    • Contact for pricing

      Downtown Cedar Rapids Retail/Office Space

      First floor space in historic 12-story building.
      200 1st Avenue Northeast, Cedar Rapids, IA, 52401
      View Details
    • $6/mo

      Available Office Space for Lease

      13,500 SF office space with furniture and cubicles available.
      4625 6th Street Southwest, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Cedar Rapids Flex Industrial Warehouse

      Well-maintained 8,474 SF flex industrial warehouse for lease.
      1402 18th St SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Former Restaurant Space on 1st Avenue

      7,329 SF commercial space suitable for restaurant, retail, showroom.
      3939 1st Ave Se, Cedar Rapids, IA, 52402-5604
      View Details

    FAQs

    What type of property is this?
    Retail space - Renovated retail/office space in downtown Cedar Rapids with parking.
    Where is this retail space located?
    The property is located at 411 6th Ave SE Cedar Rapids, IA.
    What are key features of this property?
    This property features: Completely renovated in 2018.; Located in downtown Cedar Rapids with access to amenities, highways, and public transportation.; **4,578 SF open concept space** suitable for retail or office use.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Adam Gibbs
    Real Estate License ID: IA B43857000
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!