Back to Search
Property profile & analytics
FOR LEASE
Office buildings
5900 6Th St SW Cedar Rapids, IA 52404
Entity Owned
~
Est. High Equity
Property ID
US25-0175569
For Lease
1 / 20
$9.95 SF/Yr
5900 6Th St SW, Cedar Rapids, IA 52404
View Listing →
Property summary
AI-generated overview
This single-tenant, 10,846-square-foot executive office building in Cedar Rapids, Iowa, is available for sale or lease. Built in 1971 on a 1.69-acre lot, the one-story building features approximately 20 private offices, a conference room, cubicle space, a break room, and two sets of restrooms. Recent improvements have been made, and much of the existing office furniture is available. A backup generator is included. The property is zoned Light Industrial and boasts a convenient location within one mile of Highway 30 and I-380. The asking price is $750,000. The building's APN is 19084-76016-00000 and is located at 5900 6th St SW, Cedar Rapids, IA 52404. The property is well-maintained and offers ample space for a variety of business needs. Its strategic location provides easy access to major transportation routes, making it an attractive option for businesses seeking a prominent presence in Cedar Rapids. The inclusion of a backup generator ensures business continuity, adding to the property's overall value and appeal.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Total area
10,846 SF
Lot
1.69 ac (73,616 SF)
APN
19-08-4-76-016-0-0000
UPID
US25-0175569
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Iowa Interstate Railroad, LLC Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$692k
Blend (final)
Blend
$580k
Owner & transaction history
Cro Tricon LLC
Cro Tricon LLC
since 2026
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$890,000
+5.4%
Neighborhood: shopping center
$890,000
+4.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cedar Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Rapids submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$845,000
Current use
RETAIL STORES
$890,000
Change: +5% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$890,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$53 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$28,172
Tax year 2022
Assessed value
$810,000
Assessed 2023
Previous assessed
$810,000
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$219,700
Assessed improvement
$590,300
Land market value
$219,700
Improvement market value
$590,300
Total market value
$810,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1971
Heating
NONE
Stories
1
Total area
10,846 SF
Lot
1.69 ac (73,616 SF)
APN
19-08-4-76-016-0-0000
UPID
US25-0175569
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$845,000
RETAIL STORES
Est. value
$890,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$890,000
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Stories
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Cro Tricon LLC
Entity
Mailing address
5900 6TH ST SW, CEDAR RAPIDS, IA 52404-4804
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2026
—
Cro Tricon LLC
—
Deed
related
$440,000 · Dupaco Community Cu
—
—
Iowa Interstate Railroad Ltd
—
Deed Of Trust
related
$315,000 · Wells Fargo Bank
—
—
Iowa Interstate Railroad Ltd
—
Deed Of Trust
related
$150,000,000 · Us Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
