Property profile

3500 Dalton Way Cedar Rapids, IA 52404

OFF-MARKET
Retail properties & Spaces
50,000 SF 1.24 ac lot Built 1979
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Property summary

AI-generated overview

This exceptional 50,000-square-foot retail center, situated on 1.24 acres in Cedar Rapids, Iowa, presents a unique investment opportunity. Built in 1979 and extensively renovated in 2019, the property boasts a two-story building with one elevator, offering multiple tenancy options. Currently, there is 10,000 to 20,000 square feet of retail space immediately available, easily divisible into two 10,000-square-foot suites. The space is delivered in vanilla shell condition, allowing for complete tenant customization. The landlord is prepared to offer tenant improvements (TI's) to qualified tenants. The property features ample on-site parking and excellent signage opportunities, ensuring high visibility for your business. Its strategic location adjacent to a VA Clinic and numerous nationally recognized tenants guarantees high traffic counts and a strong customer base. The property is zoned S-MR and has a Linn County APN of 13364-76028-00000. Annual property taxes are $2 per square foot. This prime location offers significant potential for a variety of retail uses, making it an ideal investment for discerning businesses seeking high visibility and a thriving market. The property's size and flexibility make it suitable for a range of tenants, from single large occupants to multiple smaller businesses. Don't miss this chance to secure a prominent retail presence in a high-demand area.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1979
Total area 50,000 SF
Lot 1.24 ac (54,014 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3500 Dalton Way Cedar Rapids, IA 52404
Cedar Rapids metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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