Office and Training
For Sale
$895,000
5313 N Park Place NE, Cedar Rapids, IA 52402
Combination meeting and office space includes private offices, training rooms, and reception plus break areas.
Property Size11,200 SF
Price / SF$79.91
Days on Market274
Property Features for 5313 N Park Place NE
General Information
Standard status
Active
Size
11,200 SF
Property subtype
Commercial
Zoning
S-MR
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$32,084
Amenities
Concrete
Yes
1
No
Display Window(s)
Building,Land
Public
0.829
36111
Off Street
Building Details
Year Built
1995
Stories
1
Tenancy
Single
Listing Agency:
Realty87
(319) 393-0900
Listed By:
Z Maryland
(319) 431-0382
Source:
Pinnaclerealtyia
Added: Jan 1
Changed: Oct 1
Last Checked: Oct 1 at 10:22AM
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 Realty87
Investment Insights
Based on property information with market context.
This office and meeting suite is set up with 3 private offices, 3 training rooms, a reception area, and a break area. The layout is flexible, with the space able to be subdivided, and it can also be combined with an additional 1,500 SF next door.
Located in NE Cedar Rapids near Lindale Mall, the space offers a lighted sign and generous parking for visitors and staff.
Available for rent, the suite is designed to support both day-to-day office operations and dedicated training or meeting use.
Located in NE Cedar Rapids near Lindale Mall, the space offers a lighted sign and generous parking for visitors and staff.
Available for rent, the suite is designed to support both day-to-day office operations and dedicated training or meeting use.
Key Highlights
- Combination meeting and office space with 3 private offices, 3 training rooms, reception area, and break area
- Space can be subdivided and can be combined with an additional 1,500 SF next door
- Off‑street parking and a lighted sign available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,788
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,075,760
$1.1M
Cap Rate 7%
$768,400
$768.4K
Cap Rate 9%
$597,644
$597.6K
Market Conditions
NOI Build-Up for 11,200 SF
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.
Gross rent
$94.1K $8.40/SF
− Vacancy
−$22.4K −$2.00/SF
EGI
$71.7K $6.40/SF
− OpEx
−$17.9K −$1.60/SF
NOI
$53.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,075,760
Cap Rate 7%
$768,400
Cap Rate 9%
$597,644
Alternative Uses
Best Use
Office B
$768.4K
$672.4K – $896.5K
NOI $53,788 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,470 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
Explore this area
Business Placement
Demographics for 52402, IA
42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Combination meeting and office space includes private offices, training rooms, and reception plus break areas.
Where is this office units located?
The property is located at 5313 N Park Place NE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Combination meeting and office space with 3 private offices, 3 training rooms, reception area, and break area; Space can be subdivided and can be combined with an additional 1,500 SF next door; Off‑street parking and a lighted sign available
