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5235 Buffalo Rdg Dr Cedar Rapids, IA 52411

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

This exceptional 1,533-square-foot executive office suite is situated within the Edgewood Town Centre (ETC) development, a high-end multi-tenant building at the highly visible intersection of Edgewood Road NE and Blairs Ferry Road. Benefitting from easy access to I-380 and Highway 100/Collins Road extension, this first-generation space enjoys a prestigious location between X-Golf and RE/MAX, two well-established businesses. The suite is part of a single-story, seven-suite building with a total of 15,240 square feet currently vacant, offering a minimum divisible space of 1,533 square feet and a maximum contiguous space of 9,933 square feet. Ideal for a diverse range of businesses, including restaurants, chiropractic practices, salons/spas, medical clinics, general offices, or retail shops. The property boasts excellent visibility and high traffic counts exceeding 35,000 vehicles daily on Edgewood Road NE. Located in Cedar Rapids' northeast quadrant, this area showcases the highest household income in the metro area, a rapidly expanding residential and commercial submarket. The development is anchored by a substantial 200,000-square-foot Fleet Farm store and gas station, further enhancing its appeal and drawing significant foot traffic. The property shares a busy intersection with The Fountains and Peck's Landing commercial developments. The base rent is subject to annual increases. Zoned S-MR.

Property profile

Verified
Property type Specialty properties

Cap rate & NOI

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

Location

5235 Buffalo Rdg Dr Cedar Rapids, IA 52411
Cedar Rapids metro
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Value estimations

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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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