5005 Bowling St SW, Cedar Rapids, IA 52404
A 9,980 SF office suite cleared to shell condition, ready for a custom buildout or condo-style disposition.
- Added:
- Aug 13, 2025
- Days on Market:
- 330
- Last Refresh:
- Jul 8 at 2:35 am
Property Features for 5005 Bowling St SW
General Information
- Standard status
- Active
- Size
- 9,980 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1999
Listing office SKOGMAN REALTY (319) 538-7671
Listing date Aug 13, 2025
Source Pinnaclerealtyia
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 SKOGMAN REALTY
HighLights
- 9,980 SF office suite cleared back to shell condition with flooring and drywall removed
- Blank‑canvas interior with flexible options for an owner‑user or investor
- Previously configured with multiple perimeter offices, conference room, break room, and open cubicle area
- Includes in‑suite restroom and a generous storage room
- Year built 1999; interior flooring includes concrete slab grade and carpet
- 2.84‑acre lot with county road paved frontage
Overview
The property is located at 5005 Bowling St SW in Cedar Rapids, Iowa. The space is being marketed as a suite that can be leased or condo’d out, and the seller will establish the condo regime at their expense as part of the closing process. Parcel number, taxes, and the legal description will be finalized once the condo regime is completed.
For tenants or buyers, the current shell condition supports straightforward customization to match program needs, whether you’re planning perimeter offices, collaborative spaces, or support functions. For buyers considering a condo approach, the process for establishing the condo regime is being handled through the closing timeline described in the offering.
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 | $83.8k | $8.40 |
| − Vacancy | −$19.9k | −$2.00 |
| EGI | $63.9k | $6.40 |
| − OpEx | −$16.0k | −$1.60 |
| NOI | $47.9k | $4.80 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.6559534
- Latitude
- 41.9290123
