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    5005 Bowling St Cedar Rapids, IA 52404

    Sponsored
    For Lease
    $8 SF/Yr ($12,891 /Mo)

    Modern office suites, 1,866-9,980 sq ft available

    Lot size:
    17,285 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 17,285 square foot office building, situated on a 2.84-acre lot in Cedar Rapids, Iowa, offers a unique opportunity for businesses seeking high-visibility space. Built in 1999, the single-story building is currently undergoing renovations, including updated paint, flooring, and finishes, ensuring a modern and attractive workspace. Currently, 9,980 square feet of contiguous space is immediately available, divisible into units as small as 1,866 square feet. The property boasts a highly desirable location, conveniently situated just off the Highway 30 exit ramp on Bowling Street, ensuring excellent accessibility. The zoning is Suburban Mixed Use Community Center, offering flexibility for various business types. Additional space will become available in a neighboring suite by January 1, 2025. The property's APN is 19102-52002-00000. Pass-through expenses are estimated and include tenant electricity. This is an ideal location for businesses seeking a prominent presence in a thriving Cedar Rapids community. The property is zoned for multiple tenants.

    Property Features for 5005 Bowling St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,285 SF
    Total Rate
    12891.73

    Building Details

    Year Built
    1999
    Stories
    1

    Unit(s) available at that property

    Space
    Suites A, B & C
    Size
    9,980 SF
    Rate per SF
    $9
    Space
    Suite A
    Size
    1,866 SF
    Rate per SF
    $11
    Space
    Suite B
    Size
    3,922 SF
    Rate per SF
    $8
    Space
    Suite C
    Size
    4,192 SF
    Rate per SF
    $10

    HighLights

    • 1,866 - 9,980 square feet of contiguous space available for lease.
    • Adjacent space may also be available starting January 1, 2025.
    • Prime location with convenient access to Highway 30 and Interstate 380.
    Property Profile 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
    -91.656194950175
    Latitude
    41.929333203135

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    FAQs

    What type of property is this?
    Office Property / Space - Modern office suites, 1,866-9,980 sq ft available
    Where is this office property / space located?
    The property is located at 5005 Bowling St Cedar Rapids, IA.
    What is the lease rate?
    The lease rate is $8-$11 SF/Yr.
    What are key features of this property?
    This property features: 1,866 - 9,980 square feet of contiguous space available for lease.; Adjacent space may also be available starting January 1, 2025.; Prime location with convenient access to Highway 30 and Interstate 380.
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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 Cedar Rapids, IA 52404
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