Three-Suite Office
6105 Rockwell Dr NE, Cedar Rapids, IA 52402
For Sale
$1,400,000
The office-focused layout includes private rooms, meeting areas, restrooms and support space.
Property Size9,982 SF
Price / SF$140.25
Days on Market47
Property Features for 6105 Rockwell Dr NE
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Asking Price
Highway Access
Office Units
Taxes and HOA fees
Annual Taxes
Amenities
Carpet
1.03
CountyRoad,Paved
Building Details
Year Built
Buildings
Listing Agency:
GLD Commercial Real Estate Advisors
(319) 731-3410
Listed By:
Adam Gibbs · License IA B43857000
(319) 721-1520
Source:
Pinnaclerealtyia
Added: Sep 26
Changed: Nov 10
Last Checked: Nov 10 at 6:49AM
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 Real Estate Advisors
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Investment Insights
Based on property information with market context.
This 9,982-square-foot office building, completed in 2000, is arranged as three suites. Its interior includes numerous private offices, conference and meeting areas, restrooms, support space and carpet. The mixed-use commercial center zoning designation is Sub Mixed Use Comm Ctr.
At 6105 Rockwell Dr NE in Cedar Rapids, the property offers access to Collins Road, Highway 100 and I-380. The building can accommodate a single occupant or multiple tenants, with the option to lease individual suites or the full property.
At 6105 Rockwell Dr NE in Cedar Rapids, the property offers access to Collins Road, Highway 100 and I-380. The building can accommodate a single occupant or multiple tenants, with the option to lease individual suites or the full property.
Key Highlights
- 9,982‑square‑foot office building
- Three‑suite configuration
- Private offices, meeting areas, restrooms and support space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,938
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,760
$958.8K
Cap Rate 7%
$684,829
$684.8K
Cap Rate 9%
$532,644
$532.6K
Market Conditions
NOI Build-Up for 9,982 SF
Gross rent
$83.8K $8.40/SF
− Vacancy
−$19.9K −$2.00/SF
EGI
$63.9K $6.40/SF
− OpEx
−$16.0K −$1.60/SF
NOI
$47.9K $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 Rate 5%
$958,760
Cap Rate 7%
$684,829
Cap Rate 9%
$532,644
Alternative Uses
Best Use
Office B
$684.8K
$599.2K – $799.0K
NOI $47,938 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.69M
NOI $101,130 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
3
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
588
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
$188,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Cedar Rapids, IA
Properties on Market for Office buildings in Cedar Rapids
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The office-focused layout includes private rooms, meeting areas, restrooms and support space.
Where is this office building located?
The property is located at 6105 Rockwell Dr NE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 9,982‑square‑foot office building; Three‑suite configuration; Private offices, meeting areas, restrooms and support space
