Multi-Suite Office
New
For Sale
$2,250,000
4211 Glass Road, Cedar Rapids, IA 52402
Commercial, Cedar Rapids, IA
Property Size26,269 SF
Lot Size5.66 Acres
Price / SF$85.65
Days on Market4
Property Features for 4211 Glass Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Comm
Rooms
Basement
Directions
North on Edgewood Rd, turn East on Glass Rd, building on South side of the road.
Subdivision
NE Quadrant
Standard status
Active
APN
140718001100000
Size
26,269 SF
Lot size
5.66 Acres
Taxes and HOA fees
Tax Description
SIGNAL RIDGE 9TH STR/LB 1
Tax Annual Amount
38634
Legal Description
SIGNAL RIDGE 9TH STR/LB 1
Building Details
Year built
1976
Flooring type
Carpet
Roof type
Shingle
Listing Agency:
Pinnacle Realty LLC
(319) 393-0900
Listed By:
George Harker
(319) 350-9476
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 6:06PM
MLS# 2607298
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.
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Investment Insights
Based on property information with market context.
The 26,269-square-foot office property contains multiple suites, with select spaces able to be joined. The building was constructed in 1976 and includes a basement; carpet flooring and a shingle roof are also present.
The property occupies a 5.66-acre site in Cedar Rapids and carries Comm zoning. It is offered for sale, with office suites also available for lease. For leased space, the tenant is responsible for operating expenses attributable to that space; building operating expenses fall to the buyer following a sale.
The property occupies a 5.66-acre site in Cedar Rapids and carries Comm zoning. It is offered for sale, with office suites also available for lease. For leased space, the tenant is responsible for operating expenses attributable to that space; building operating expenses fall to the buyer following a sale.
Key Highlights
- 26,269‑square‑foot office building
- 5.66‑acre site
- Select office suites can be combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,157
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,523,140
$2.5M
Cap Rate 7%
$1,802,243
$1.8M
Cap Rate 9%
$1,401,744
$1.4M
Market Conditions
NOI Build-Up for 26,269 SF
Gross rent
$220.7K $8.40/SF
− Vacancy
−$52.5K −$2.00/SF
EGI
$168.2K $6.40/SF
− OpEx
−$42.1K −$1.60/SF
NOI
$126.2K $4.80/SF
Area
Cedar Rapids, IA
Vacancy
23.77%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,523,140
Cap Rate 7%
$1,802,243
Cap Rate 9%
$1,401,744
Alternative Uses
Best Use
Office B
$1.80M
$1.58M – $2.10M
NOI $126,157 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.80M
$3.33M – $4.44M
NOI $266,138 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 52402, IA
42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Individual office suites are available, and select spaces can be combined for larger configurations.
Where is this office building located?
The property is located at 4211 Glass Road Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 26,269‑square‑foot office building; 5.66‑acre site; Select office suites can be combined
