Single-Story Office
For Sale
Contact for pricing
4820 Armar Drive Se W$, Cedar Rapids, IA 52403
One-story office property with multiple suite configurations and flexible occupancy options.
Property Size10,258 SF
Days on Market50
Property Features for 4820 Armar Drive Se W$
General Information
Standard status
Active
Size
10,258 SF
Building Details
Year Built
2014
Stories
1
Building Size
10,258 SF
Listing Agency:
Pinnacle Realty, LLC
Listed By:
Trev Adair · License #322502720
(319) 550-2125
Source:
Kwlegacyrealty
Added: Sep 4
Changed: Oct 8
Last Checked: Oct 7 at 5:46PM
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, LLC
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Investment Insights
Based on property information with market context.
This single-story office property, built in 2014, contains approximately 10,258 square feet. Up to three office suites are available, with individual spaces ranging from approximately 1,710 to 5,130 square feet. The available area is subject to verification.
Located at 4820 Armar Drive SE W$ in Cedar Rapids, Iowa, the property supports office users seeking a range of suite sizes within one building. Lease terms require a minimum commitment of 12 months.
Located at 4820 Armar Drive SE W$ in Cedar Rapids, Iowa, the property supports office users seeking a range of suite sizes within one building. Lease terms require a minimum commitment of 12 months.
Key Highlights
- Approximately 10,258 square feet in the building
- Up to 3 office suites available
- Available suite sizes range from approximately 1,710 to 5,130 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,264
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,280
$985.3K
Cap Rate 7%
$703,771
$703.8K
Cap Rate 9%
$547,378
$547.4K
Market Conditions
NOI Build-Up for 10,258 SF
Gross rent
$86.2K $8.40/SF
− Vacancy
−$20.5K −$2.00/SF
EGI
$65.7K $6.40/SF
− OpEx
−$16.4K −$1.60/SF
NOI
$49.3K $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%
$985,280
Cap Rate 7%
$703,771
Cap Rate 9%
$547,378
Alternative Uses
Best Use
Office B
$703.8K
$615.8K – $821.1K
NOI $49,264 @ 7.0% cap · market cap 4,926,400.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,926 @ 7.0% cap · market cap 10,392,600.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
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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
$190,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - One-story office property with multiple suite configurations and flexible occupancy options.
Where is this office unit located?
The property is located at 4820 Armar Drive Se W$ Cedar Rapids, IA.
What are key features of this property?
This property features: Approximately 10,258 square feet in the building; Up to 3 office suites available; Available suite sizes range from approximately 1,710 to 5,130 square feet
