Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4840 1St Ave Cedar Rapids, IA 52402

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Cedar Rapids prime retail location, high traffic.

    Lot size:
    43,581 SF

    Property Features for 4840 1St Ave

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,581 SF
    Total Rate
    76266.75

    Building Details

    Year Built
    2000

    Spaces For Lease

    at 4840 1St Ave, Cedar Rapids, IA 52402 Contact us
    Unit 4854 1st Ave NE

    $21 /Mo

    Size
    2,250 SF
    Contact us

    We can help!

    Listing Contact
    Jeremy Tipton
    Jeremy Tipton

    Listing Agency: NAI Iowa Realty Commercial Cedar Rapids Listing Agent: Jeremy Tipton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail opportunity is located at 4840 1st Ave NE in Cedar Rapids, Iowa, within the highly visible Lindale Crossing power center. Built in 2000, this property boasts a total of 43,581 square feet, with 27,306 square feet currently available for lease. Spaces are divisible to a minimum of 2,250 square feet and can accommodate contiguous spaces up to 25,056 square feet, offering flexibility for various retail concepts. The center enjoys a strategic location at a high-traffic intersection in Cedar Rapids, experiencing 23,100 cars daily on First Avenue and 19,100 cars daily on Collins Road, ensuring significant visibility and customer exposure. Benefit from prominent signage along First Avenue. Lindale Crossing is anchored by established national tenants including Bed Bath & Beyond and PetSmart, and is complemented by a diverse mix of successful businesses such as Starbucks, Bruegger's Bagels, Orange Leaf Frozen Yogurt, H&R Block, Orangetheory Fitness, and Siebke-Hoyt Jewelers. The landlord is offering tenant improvement allowances for qualified tenants. This property presents a unique opportunity to establish or expand your retail presence in a thriving Cedar Rapids location. The property is located in Linn County, Iowa, zip code 52402.
    Property Profile Location Intelligence

    Current Use by Public Records

    Harbor Freight Tools Building Supply Reclaimed Wood Cedar ... Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6204767
    Latitude
    42.027358

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      IA, Cedar Rapids - N River Blvd NE

      Workspaces, services and support to help you work better in Shelton
      4415 River Blvd, Cedar Rapids, IA 52411
      View Details
    • $18 SF/Yr

      Retail Space in CedarRapids, Iowa

      High-traffic location ideal for retail, dining, or service businesses.
      2300 Edgewood Rd SW, Cedar Rapids, IA 52404
      View Details
    • $21 SF/Yr
      43,581 SF

      Retail Space at Lindale Crossing

      Retail space for lease in a high-traffic shopping center.
      4840 1St Ave NE, Cedar Rapids, IA 52402
      View Details
    • $6 SF/Yr
      48,000 SF

      Available Office Space for Lease

      13,500 SF office space with furniture and cubicles available.
      4625 6Th St Southwest, Cedar Rapids, IA 52404
      View Details
    • $6 SF/Yr
      4,986 SF

      Cedar Rapids Auto Shop Space

      Highly visible shop space with outdoor storage and paint booth.
      1813 16Th Ave SW, Cedar Rapids, IA 52404
      View Details
    • $10 SF/Yr
      1,400 SF

      Renovated Retail/Office Space Available

      Newly renovated retail or office space in downtown Cedar Rapids.
      701-713 3Rd Ave SE, Cedar Rapids, IA 52401
      View Details
    • $13 SF/Yr
      1,515 SF

      Office Space on 1st Avenue

      Convenient office space with ample parking and high visibility.
      4080 1St Ave NE, Cedar Rapids, IA 52402
      View Details
    • $16 SF/Yr
      11,906 SF

      Class A Office Sublease

      Furnished office space in Cedar Rapids' northeast business district.
      4201 42Nd St NE, Cedar Rapids, IA 52402
      View Details
    • $29 SF/Yr
      1,197 SF

      Retail Space with Drive-Thru

      Build-to-suit retail space with drive-thru in high-traffic area.
      4050 Westdale Pkwy SW, Cedar Rapids, IA
      View Details
    • $825,000
      3,415 SF

      Single-Tenant Office in Signal Ridge

      High-end office building in Cedar Rapids for lease or sale.
      4125 Glass Rd Ne, Cedar Rapids, IA 52402
      View Details
    • $14 SF/Yr
      81,068 SF

      Modern Office Space For Rent

      Modern, high-tech two-story office space built in 2012.
      601 SE 3Rd St, Cedar Rapids, IA 52401
      View Details
    • $3,200,000
      32,256 SF

      Renovated Downtown Cedar Rapids Office

      Historic office building with modern amenities in downtown Cedar Rapids.
      123 5Th St SE, Cedar Rapids, IA 52401
      View Details

    FAQs

    What type of property is this?
    Power center - Cedar Rapids prime retail location, high traffic.
    Where is this power center located?
    The property is located at 4840 1St Ave Cedar Rapids, IA.
    What is the lease rate?
    The lease rate is $0.00-$21 SF/Yr.
    What are key features of this property?
    This property features: 43,581 SF retail space available for lease in Cedar Rapids, IA's Lindale Crossing power center.; 27,306 SF currently available, divisible to 2,250 SF minimum.; High-traffic location with 23,100+ cars daily on 1st Ave and 19,100+ on Collins Rd.
    (319) 363-2337 Call to check price and availability
    Request Owner's contact information
    4840 1St Ave Cedar Rapids, IA 52402
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4840 1St Ave
    Cedar Rapids, IA 52402
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    4840 1St Ave Cedar Rapids, IA 52402
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeremy Tipton
    Jeremy Tipton
    Real Estate License ID: B59800000
    (319) 363-2337 (319) 551-2079 (319) 378-6891
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!