Shell Office Suite with Hwy
5005 Bowling St SW Cedar Rapids, IA 52404
For Sale
Contact for pricing
9,980 SF office suite is cleared to shell condition, offering flexibility to create a custom interior buildout.
Property Size9,980 SF
Price / SF$79.66
Days on Market329
Property Features for 5005 Bowling St SW
General Information
Standard status
Active
Size
9,980 SF
Property subtype
OFFICE
Listing Agency:
GLD Commercial
(319) 731-3409
Listed By:
Angie Glick
Source:
Moodyscre
Added: Sep 4, 2025
Changed: Jul 25
Last Checked: Jul 25 at 7:19PM
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 GLD Commercial
Investment Insights
Based on property information with market context.
A 9,980 SF office suite that offers flexibility for an owner-user or investor, with the space able to be leased or condo’d out. The interior has been cleared back to shell condition, with flooring and drywall removed, creating a blank canvas for a future buildout. Previously, the space included multiple perimeter offices, a conference room, a large break room, an in-suite restroom, an open cubicle area, and a generous storage room, and that layout can be adapted to fit new requirements.
The property is conveniently located just off the exit ramp of Highway 30 on Bowling St SW, providing access to I-380. The listing also notes Highway 30 visibility.
Suite A is available in sizes ranging from 1,866 to 9,980 SF, with multiple sale or lease options. Parcel number, taxes, and legal description will be finalized upon completion of the condo regime, which the seller will establish at their expense as part of the closing process.
The property is conveniently located just off the exit ramp of Highway 30 on Bowling St SW, providing access to I-380. The listing also notes Highway 30 visibility.
Suite A is available in sizes ranging from 1,866 to 9,980 SF, with multiple sale or lease options. Parcel number, taxes, and legal description will be finalized upon completion of the condo regime, which the seller will establish at their expense as part of the closing process.
Key Highlights
- 9,980 SF office suite in Suite A cleared to shell condition with flooring and drywall removed for a custom buildout
- Flexible space options: 1,866–9,980 SF available in Suite A, with space that can be leased or condo’d
- Previously laid out with multiple perimeter offices, conference room, large break room, in‑suite restroom, open cubicle area, and generous storage room
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 |
9,980 SF · lease $8.40/SF/yr · vacancy 23.77% · expense 25.00%
Alternative Uses
Best Use
Office B
$684.7K
$599.1K – $798.8K
NOI $47,929 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.69M
NOI $101,110 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - 9,980 SF office suite is cleared to shell condition, offering flexibility to create a custom interior buildout.
Where is this office units 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 $795,000.
What are key features of this property?
This property features: 9,980 SF office suite in Suite A cleared to shell condition with flooring and drywall removed for a custom buildout; Flexible space options: 1,866–9,980 SF available in Suite A, with space that can be leased or condo’d; Previously laid out with multiple perimeter offices, conference room, large break room, in‑suite restroom, open cubicle area, and generous storage room
