Flex Space with
For Sale
$800,000
4301 6TH Street SW, Cedar Rapids, IA 52404
Updated commercial building combining private offices, showroom space, workspace, and substantial storage areas.
Property Size5,800 SF
Price / SF$137.93
Days on Market98
Property Features for 4301 6TH Street SW
General Information
Standard status
Active
Size
5,800 SF
Property subtype
Commercial
Lease Term
[]
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1963
Listing Agency:
Realty87
Listed By:
Dan Seda
(319) 431-1010
Source:
Cbhrealty
Added: Jul 1
Changed: Oct 6
Last Checked: Oct 5 at 9:04PM
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 Realty87
Investment Insights
Based on property information with market context.
This flex property combines an office component with showroom, workspace, and warehouse areas. The layout includes 4-5 private offices, a kitchen/showroom area, a large shop, and warehouse space. Concrete interior features and storage areas support a range of commercial operations. The building was constructed in 1963 and has been updated. I-GI zoning applies to the property.
The 2.07-acre site is located at 4301 6th Street SW in Cedar Rapids, across from Hawkeye Downs. It offers access to I-380 and Highway 30, with frontage along 6th Street. The site includes public and off-street parking, along with space for equipment or product display.
The 2.07-acre site is located at 4301 6th Street SW in Cedar Rapids, across from Hawkeye Downs. It offers access to I-380 and Highway 30, with frontage along 6th Street. The site includes public and off-street parking, along with space for equipment or product display.
Key Highlights
- Flex property with office, showroom, workspace, shop, and warehouse areas
- 4‑5 private offices plus a kitchen/showroom area
- 2.07‑acre site at 4301 6th Street SW
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,844
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,096,880
$1.1M
Cap Rate 7%
$783,486
$783.5K
Cap Rate 9%
$609,378
$609.4K
Market Conditions
NOI Build-Up for 5,800 SF
Gross rent
$84.9K $14.64/SF
− Vacancy
−$6.6K −$1.13/SF
EGI
$78.3K $13.51/SF
− OpEx
−$23.5K −$4.05/SF
NOI
$54.8K $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%
$1,096,880
Cap Rate 7%
$783,486
Cap Rate 9%
$609,378
Alternative Uses
Best Use
Retail
$783.5K
$685.6K – $914.1K
NOI $54,844 @ 7.0% cap · market cap 6.86%
Second Best
Flex RnD
$577.1K
$505.0K – $673.3K
NOI $40,399 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$839.4K
$734.5K – $979.4K
NOI $58,761 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52404, IA
43,385
Population
19,923
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
767
Density / Sq Mi
$62,304
Median Household Income
$38,865
Median Earnings
$885
Median Rent
$159,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial building combining private offices, showroom space, workspace, and substantial storage areas.
Where is this flex space located?
The property is located at 4301 6TH Street SW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Flex property with office, showroom, workspace, shop, and warehouse areas; 4‑5 private offices plus a kitchen/showroom area; 2.07‑acre site at 4301 6th Street SW
