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    3500 Dalton Way Cedar Rapids, IA 52404

    For Lease
    $5 SF/Yr

    50,000 SF Retail Center, Iowa

    Lot size:
    50,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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 Features for 3500 Dalton Way

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,000 SF
    Total Rate
    20833.33

    Building Details

    Year Built/Renovated
    1979/2019
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 500
    Size
    20,000 SF
    Rate per SF
    $5

    HighLights

    • 50,000‑square‑foot retail center on 1.24 acres in Cedar Rapids, IA.
    • Two‑story building with elevator, renovated in 2019.
    • 10,000‑20,000 square feet of immediately available retail space, divisible into two 10,000‑square‑foot suites; vanilla shell condition; TI allowances available.
    • Ample parking and excellent signage; high visibility.
    • Adjacent to VA Clinic and national tenants; high traffic.
    • Zoned S‑MR; Linn County APN 13364‑76028‑00000; $2/SF annual property taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.720744467891
    Latitude
    41.952546506387

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    FAQs

    What type of property is this?
    Retail property - 50,000 SF Retail Center, Iowa
    Where is this retail property located?
    The property is located at 3500 Dalton Way Cedar Rapids, IA.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 50,000-square-foot retail center on 1.24 acres in Cedar Rapids, IA.; Two-story building with elevator, renovated in 2019.; 10,000-20,000 square feet of immediately available retail space, divisible into two 10,000-square-foot suites; vanilla shell condition; TI allowances available.
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    3500 Dalton Way Cedar Rapids, IA 52404
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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
    3500 Dalton Way Cedar Rapids, IA 52404
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