Commercial Office
4820 Armar Drive SE Cedar Rapids, IA 52403
4820 Armar Drive SE, Cedar Rapids, IA, 52403
$1,445,000
For Sale
$1,445,000
COMMERCIAL - Cedar Rapids, IA
Property Size10,258 SF
Lot Size1.04 Acres
Price / SF$140.87
Days on Market111
Property Features for 4820 Armar Drive SE
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Comm
- 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
Building Details
- Year built
- 2014
- Flooring type
- Carpet, Concrete
- Building materials
- Frame
- Roof type
- Shingle
Listing Agency
Pinnacle Realty LLC
(319) 393-0900
1110 Dina Ct Suite A, Cedar Rapids, IA
Listed by
Trev Adair · License #322502720
(319) 350-9476
Added: Apr 2 Updated: Jul 11 at 8:54 pm Checked: Jul 21 at 6:06 am
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
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Dance Academy of Cedar ...
Training Center
To The Pointe Boutique
Dance Store
Similar For Sale Nearby
FAQs
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
