Commercial Office
For Sale
$1,445,000
4820 Armar Drive SE, Cedar Rapids, IA 52403
COMMERCIAL - Cedar Rapids, IA
Property Size10,258 SF
Lot Size1.04 Acres
Price / SF$140.87
Days on Market121
Property Features for 4820 Armar Drive SE
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Comm
Directions
1st Ave to Armar Dr, S to property
Subdivision
SE Quadrant
Standard status
Active
APN
140133100400
Size
10,258 SF
Lot size
1.04 Acres
Taxes and HOA fees
Tax Description
Armar Square 1st Lot
Tax Annual Amount
44936
Legal Description
Armar Square 1st Lot
Building Details
Year built
2014
Flooring type
Carpet, Concrete
Building materials
Frame
Roof type
Shingle
Listing Agency:
Pinnacle Realty LLC
(319) 393-0900
Listed By:
Trev Adair · License #322502720
(319) 350-9476
Added: Apr 2
Changed: Jul 11
Last Checked: Jul 31 at 6:06PM
MLS# 2602273
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.
Investment Insights
Based on property information with market context.
This commercial office building for sale is situated on a 1.04-acre site in Cedar Rapids, Iowa. The property offers approximately 10,258 square feet of office space and is zoned “Comm.”
Located at 4820 Armar Drive SE in Cedar Rapids (Linn County), the site provides a straightforward option for office users or investors evaluating commercial space within the area’s Comm zoning framework.
All stated property metrics include the lot size and the total building size of approximately 10,258 square feet.
Located at 4820 Armar Drive SE in Cedar Rapids (Linn County), the site provides a straightforward option for office users or investors evaluating commercial space within the area’s Comm zoning framework.
All stated property metrics include the lot size and the total building size of approximately 10,258 square feet.
Key Highlights
- Built in 2014
- Frame construction
- Shingle roof
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 | $86.2k | $8.40 |
| − Vacancy | −$20.5k | −$2.00 |
| EGI | $65.7k | $6.40 |
| − OpEx | −$16.4k | −$1.60 |
| NOI | $49.3k | $4.80 |
10,258 SF · lease $8.40/SF/yr · vacancy 23.77% · expense 25.00%
Alternative Uses
Best Use
Office B
$703.8K
$615.8K – $821.1K
NOI $49,264 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,926 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 52403, IA
23,012
Population
10,759
Households
2.1
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
26.3 sq mi
ZIP Area
875
Density / Sq Mi
$73,848
Median Household Income
$46,148
Median Earnings
$857
Median Rent
$190,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office building for sale on a 1.04-acre site with approximately 10,258 square feet and Comm zoning.
Where is this office building located?
The property is located at 4820 Armar Drive SE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $1,445,000.
What are key features of this property?
This property features: Built in 2014; Frame construction; Shingle roof
