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    1140 Blairs Ferry Rd Cedar Rapids, IA 52402

    Sponsored
    For Sale
    $2,362,335

    7.25% Cap Rate, Multi-Tenant Retail

    Property size:
    7,801 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity in Cedar Rapids, IA. This fully leased, multi-tenant retail property at 1140 Blairs Ferry Rd NE boasts 7,801 square feet on a 1.12-acre lot, featuring 128 parking spaces. The property, built in 1993 and extensively renovated in 2021, enjoys a prime location on a high-traffic road (nearly 23,000 vehicles daily), near Super Target. Three tenants—Dunn Brothers Coffee, The Good Feet Store, and Mextizo—occupy the space under NNN leases with personal guarantees from the principals. The property offers a 7.25% cap rate and a current NOI of $171,272, subject to annual increases. The permitted zoning is Suburban Mixed Use Community Center. The asking price is $2,362,335 ($302.82/sq ft). This is a 100% occupied, net lease investment with strong tenant occupancy and a proven track record. The property features a new roof, façade, and HVAC system. APN: 14032-26008-00000.

    Property Features for 1140 Blairs Ferry Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    7,801 SF
    Lot Size
    48,787 SF

    Building Details

    Year Built/Renovated
    1993/2021
    Units
    3

    HighLights

    • Fully leased, multi‑tenant retail investment property with three tenants.
    • High‑traffic location on Blairs Ferry Rd NE in Cedar Rapids, IA.
    • 128 parking spaces.
    • 7.25% cap rate, with a Net Operating Income (NOI) of $171,272.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mextizo Mexican Restaurant The Good Feet Store Orthotics & Prosthetics Service Dunn Brothers Coffee Coffee Shop Hunt Graphic Innovations Graphic Designer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -91.65395081
    Latitude
    42.03570712

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    FAQs

    What type of property is this?
    Lifestyle center - 7.25% Cap Rate, Multi-Tenant Retail
    Where is this lifestyle center located?
    The property is located at 1140 Blairs Ferry Rd Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $2,362,335.
    What are key features of this property?
    This property features: Fully leased, multi-tenant retail investment property with three tenants.; High-traffic location on Blairs Ferry Rd NE in Cedar Rapids, IA.; 128 parking spaces.
    Request Owner's contact information
    1140 Blairs Ferry Rd Cedar Rapids, IA 52402
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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
    1140 Blairs Ferry Rd Cedar Rapids, IA 52402
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