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    5005 Bowling St SW Cedar Rapids, IA 52404

    For Sale
    $1,995,000

    Three-tenant building with healthcare tenants and owner-user potential.

    Lot size:
    2.84 Acres

    Property Features for 5005 Bowling St SW

    General Information

    Lot size
    2.84 Acres

    Building Details

    Year built
    1999

    Source: Keller Williams Realty Legacy Group Agent Angie Glick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office Investment Opportunity

    This office investment property is configured as a three-tenant building. Two established healthcare tenants occupy 58% of the space. The remaining 9,980 square feet is available for an owner occupant, presenting an opportunity to build equity while benefiting from existing rental income. Both tenants are regional healthcare providers with multiple locations across the Midwest. This property is well-suited for an owner-user seeking supplemental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cedar Rapids Recovery ... Medical Clinic Cedar Rapids Comprehensive ... Addiction Treatment Center Compassus Home Health Care Service Arleen Zahn-Houser Family Practice Physician

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6559534
    Latitude
    41.9290123

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    FAQs

    What type of property is this?
    Medical office - Three-tenant building with healthcare tenants and owner-user potential.
    Where is this medical office located?
    The property is located at 5005 Bowling St SW Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Opportunity for owner-user to occupy 9,980 SF and build equity.; - Existing rental income from two established healthcare tenants covering 58% of the building.; - Tenants are regional healthcare providers with multiple locations.
    (319) 731-3410
    Request Owner's contact information
    5005 Bowling St SW Cedar Rapids, IA 52404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5005 Bowling St SW Cedar Rapids, IA 52404
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