Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3825 Westdale Pkwy Cedar Rapids, IA 52404
    Back to Search
    Property profile & analytics

    3825 Westdale Pkwy, Cedar Rapids, IA 52404

    View on Map
    • Lifestyle centers
    • 18,401 SF
    • 0.49 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 3825 Westdale Pkwy

    Year built
    2017
    Lot size
    0.49 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional investment opportunity presents a single-tenant, 18,401-square-foot PetSmart shopping center in Cedar Rapids, Iowa. Located at 3825 Westdale Pkwy SW, this property boasts a strong 7.00% cap rate and a Net Net Net (NNN) lease structure, minimizing landlord responsibilities. The building, constructed in 2017 on a 0.49-acre lot, is situated within the vibrant Westdale shopping center, benefiting from high visibility and convenient access to major roadways, including Highway 30 and Interstate I-380. The current lease with PetSmart has a remaining term of approximately 2.8 years, extending to September 7, 2027, with favorable rent bump options: a 12.5% increase in the first option and subsequent 5.58% increases in following options. The property features a 100% occupancy rate, generating a Net Operating Income (NOI) of $290,031. The property's zoning is S-MR, and the parcel number is 13364-76045-00000. This is a rare opportunity to acquire a well-performing, single-tenant retail property in a thriving location with significant upside potential. The asking price is $4,143,312. The property is a one-story building, part of a larger redevelopment project. The Westdale shopping center includes other major retailers such as Ross Dress for Less, Michael's, Burlington, JCPenney, and a GSA (VA Clinic).

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.7187
    Latitude
    41.9499

    Comparable in this City

    • Value Estimation by Request
      4,442 SF

      62 16Th Ave

      Individual retail properties
      62 16Th Ave, Cedar Rapids, IA 52404
      View Details
    • Value Estimation
      $1,565,000
      16,939 SF

      2300 Edgewood Rd Sw Ste B

      SHOPPING CENTER, STRIP CENTER
      2300 Edgewood Rd Sw Ste B, Cedar Rapids, IA 52404-3209
      View Details
    • Value Estimation
      $505,000
      5,616 SF

      35 Kirkwood SW Ct

      SHOPPING CENTER, STRIP CENTER
      35 Kirkwood SW Ct, Cedar Rapids, IA 52404-8201
      View Details
    • Value Estimation by Request
      11,122 SF

      2660 Wiley SW Blvd

      SHOPPING CENTER, STRIP CENTER
      2660 Wiley SW Blvd, Cedar Rapids, IA 52404-6004
      View Details
    • Value Estimation by Request
      4,200 SF

      1400 6th SW St

      SHOPPING CENTER, STRIP CENTER
      1400 6th SW St, Cedar Rapids, IA 52404-5841
      View Details
    • Value Estimation
      $880,000
      11,683 SF

      2380 Edgewood SW Rd

      SHOPPING CENTER, STRIP CENTER
      2380 Edgewood SW Rd, Cedar Rapids, IA 52404-3250
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      NNN PetSmart For Sale

      Stand-alone NNN PetSmart with over 3 years remaining on lease.
      3825 Westdale Pkwy Sw, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      NNN Leased Investment Opportunity

      Stand-alone NNN Burlington Coat Factory with over 6 years remaining.
      3475 Westdale Dr Sw, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      10,013 SF

      Versatile Commercial Space, Cedar Rapids

      7,800+ sq ft commercial space in fast-growing business corridor.
      8806 St. Martin Blvd, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      10,013 SF

      Versatile Commercial Space, Cedar Rapids

      7,800+ sq ft commercial space in fast-growing business corridor.
      8806 St. Martin Blvd, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      18,241 SF

      Stand-Alone NNN PetSmart in Iowa

      Stand-alone NNN PetSmart built in 2017 in Cedar Rapids, IA.
      3825 Westdale Pkwy SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      10,013 SF

      Versatile Commercial Space in Cedar Rapids

      7,800+ sq ft commercial space in fast-growing business corridor.
      8806 St Martin Blvd, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr

      Prime Retail Space Available

      Turnkey retail space in a high-visibility location.
      2300 Edgewood Rd SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      4,300 SF

      Retail Space on C Street SW

      Prime retail space with high traffic exposure near Highway 30.
      5821 C St SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      20,000 SF

      Retail Space Near VA Clinic

      Retail space for lease adjacent to VA Clinic at Westdale.
      3500 Dalton Way, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      3,140 SF

      Retail Space in Cedar Rapids

      Retail space available in Cedar Rapids, Iowa.
      5761 C St SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      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 52404
      View Details
    • Contact for pricing
      1,760 SF

      Retail Space in Westdale Center

      1,760 SF retail space within Westdale Town Center.
      3998 Westdale Pkwy Southwest, Cedar Rapids, IA 52404
      View Details
    Request Owner's contact information
    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.
    3825 Westdale Pkwy
    Cedar Rapids, IA 52404
    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
    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

    Thank You for Inquiry
    3825 Westdale Pkwy, Cedar Rapids, IA, 52404
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!