Multi-Tenant Office
4211 Glass Rd NE Cedar Rapids, IA 52402
New
4211 Glass Rd NE, Cedar Rapids, IA, 52402
$2,250,000
For Sale
$2,250,000
Well-maintained multi-tenant office campus on a wooded site with convenient access to Cedar Rapids amenities.
Property Size28,472 SF
Lot Size5.66 Acres
Price / SF$79.03
Days on Market2
Property Features for 4211 Glass Rd NE
General Information
- Standard status
- Active
- Size
- 28,472 SF
- Lot size
- 5.66 Acres
Building Details
- Year Built
- 1976
Listing agency
Pinnacle Realty
(319) 350-9476
Listed by
Trev Adair · License #322502720
Source
Kwlegacyrealty
Added: Jul 20 Updated: Jul 21 at 5:40AM Checked: Jul 21 at 5:40AM
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 Pinnacle Realty
Investment Insights
Based on property information with market context.
Offered for sale is a multi-tenant office campus in NE Cedar Rapids featuring a well-maintained office building. The property is set on a 5.66-acre wooded site, providing a private, natural setting while remaining accessible for business operations. It is positioned for convenience to everyday needs while maintaining a quiet, professional environment.
According to the provided remarks, the campus is less than 5 minutes from restaurants and shopping and about 10 minutes to Downtown Cedar Rapids. Nearby amenities include Twin Pines Golf Course and multiple retail centers, along with easy access to major roadways.
This offering presents a flexible office configuration within a maintained, multi-tenant setting, suitable for a buyer seeking immediate income potential and long-term adaptability based on the owner-user or investor approach.
According to the provided remarks, the campus is less than 5 minutes from restaurants and shopping and about 10 minutes to Downtown Cedar Rapids. Nearby amenities include Twin Pines Golf Course and multiple retail centers, along with easy access to major roadways.
This offering presents a flexible office configuration within a maintained, multi-tenant setting, suitable for a buyer seeking immediate income potential and long-term adaptability based on the owner-user or investor approach.
Key Highlights
- 1976‑built, well‑maintained multi‑tenant office campus in NE Cedar Rapids
- 5.66‑acre wooded site
- Multi‑tenant office building designed for owner‑users or investors
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $239.2k | $8.40 |
| − Vacancy | −$56.8k | −$2.00 |
| EGI | $182.3k | $6.40 |
| − OpEx | −$45.6k | −$1.60 |
| NOI | $136.7k | $4.80 |
28,472 SF · lease $8.40/SF/yr · vacancy 23.77% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.95M
$1.71M – $2.28M
NOI $136,736 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.12M
$3.61M – $4.81M
NOI $288,457 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Winners chapel international ...
Church
LAWSONLINE.COM
Law Firm
East Central Uni ...
Association Or Organization
Sajra Hill: Primerica ...
Financial Advisor
HouseList.com
Data Center
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FAQs
What type of property is this?
Office building - Well-maintained multi-tenant office campus on a wooded site with convenient access to Cedar Rapids amenities.
Where is this office building located?
The property is located at 4211 Glass Rd NE 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: 1976‑built, well‑maintained multi‑tenant office campus in NE Cedar Rapids; 5.66‑acre wooded site; Multi‑tenant office building designed for owner‑users or investors
