Commercial Space in Cedar
Ders Drive NW lot 9 Cedar Rapids, IA 52404
Ders Drive NW lot 9, Cedar Rapids, IA, 52404
$1,802,705
For Sale
$1,802,705
COMMERCIAL - Cedar Rapids, IA
Property Size13,248 SF
Lot Size2.73 Acres
Price / SF$136.07
Days on Market105
Property Features for Ders Drive NW lot 9
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Property condition
- Under Construction
- Zoning
- Comm
- Standard status
- Active
- APN
- 0304330001 58 58
- Size
- 13,248 SF
- Lot size
- 2.73 Acres
Taxes and HOA fees
- Tax Description
- JOCO 50 SUBDIVISION LOT 9
- Tax Annual Amount
- 58
Building Details
- Year built
- 2026
- Building materials
- Frame, Pole
- Roof type
- Metal
Listing agency
Pinnacle Realty LLC
(319) 393-0900
Listed by
Trev Adair · License #322502720
(319) 350-9476
Added: Apr 8 Updated: Jun 5 at 10:30PM Checked: Jul 21 at 7:06AM
MLS# 2602411
Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property, located in Cedar Rapids, Iowa, offers a versatile space suitable for retail or other commercial ventures. The property, situated on a 2.73-acre lot, features a building with 13,248 square feet of space. Zoned for commercial use, the property presents a development opportunity. The listing is for a design concept, with the possibility to construct a building of any size and style. A vanilla shell build-out is estimated to take approximately 12 weeks.
Key Highlights
- Customizable size and style: Build to suit your specific needs.
- New construction: Benefit from modern design and construction standards.
- Estimated 12‑week availability for vanilla shell: Relatively quick turnaround time.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.0k | $14.64 |
| − Vacancy | −$15.0k | −$1.13 |
| EGI | $179.0k | $13.51 |
| − OpEx | −$53.7k | −$4.05 |
| NOI | $125.3k | $9.46 |
13,248 SF · lease $14.64/SF/yr · vacancy 7.73% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.79M
$1.57M – $2.09M
NOI $125,271 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,219 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Commercial space available for sale in Cedar Rapids, Iowa.
Where is this retail space located?
The property is located at Ders Drive NW lot 9 Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $1,802,705.
What are key features of this property?
This property features: Customizable size and style: Build to suit your specific needs.; New construction: Benefit from modern design and construction standards.; Estimated 12‑week availability for vanilla shell: Relatively quick turnaround time.
