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

    Williams Blvd, Cedar Rapids, IA 52404

    View on Map
    • Mixed-use properties
    • 12.12 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 0 Williams Blvd

    Lot size
    12.12 lot acres
    Property type
    Mixed-use properties
    Property subtype
    Land

    Description

    The Highrailer, a new 2023 development at 283 Main Street in New Britain, CT's vibrant Downtown submarket, offers exceptional first-floor retail space. This single-building property boasts a total of 6,000 square feet currently available for lease, divisible into units as small as 1,500 square feet, with a maximum contiguous space of 2,872 square feet. The building features three total suites, ideal for multiple tenants or a single large occupant. The property is situated in a high-visibility corner location, providing excellent exposure for businesses. Rental rates are $25 per square foot, plus an additional $5 per square foot to cover taxes, insurance, and common area maintenance (CAM). The versatile space is suitable for a variety of uses, including retail, medical, and restaurant establishments. This represents a unique opportunity to establish a presence in a thriving downtown area within a brand-new building. The Highrailer is part of a larger development project, complementing a sister building that opened in 2021. This prime location offers significant potential for growth and success. Contact us today to learn more about leasing opportunities and secure your space in this exciting new development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.7283
    Latitude
    41.9504

    Comparable in this City

    • Value Estimation by Request
      153.29 Acres

      1065 Highway 965

      Land
      1065 Highway 965, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      9.50 Acres

      8800 Stacey Ln

      Land
      8800 Stacey Ln, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      15.00 Acres

      16Th Ave

      Land
      0 16Th Ave, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      12.26 Acres

      4010 20Th Ave

      Land
      4010 20Th Ave, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      1.85 Acres

      8921 Griswold Ln

      Land
      8921 Griswold Ln, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      2.90 Acres

      3 Prairie View Ln

      Land
      3 Prairie View Ln, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,647 SF

      Historic Mixed-Use Property in Bohemia

      Mixed-use property with income potential in Cedar Rapids' Czech Village.
      219 16Th Ave Se, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      23,501 SF

      Warehouse and Office Combo Opportunity

      Two-story office building and warehouse on 1.079 AC for sale.
      1010 2Nd Ave SW, Cedar Rapids, IA 52404
      View Details
    • New
      Contact for pricing

      Cedar Rapids Investment Opportunity

      Large mobile home community with industrial warehouse and agricultural land.
      100 Hames St Southwest, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Land For Sale, Cedar Rapids

      Land available in Cedar Rapids, Iowa.
      531 9Th St SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      0.50 Acres

      Westdale Town Center Commercial Lots

      Prime Cedar Rapids land, build-to-suit options.
      0 Edgewood Rd, Cedar Rapids, IA 52404
      View Details
    • $160,000
      1,352 SF

      Cedar Rapids Multifamily Investment

      Well-maintained duplex with immediate cash flow and long-term appreciation.
      366 7Th Ave SW, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,068 SF

      Mixed-Use Development in Kingston Village

      Mixed-use development with retail, office, and commercial spaces for lease.
      151 SW 1St Ave, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      25,000 SF

      Mixed-Use Development in Cedar Rapids

      Mixed-use development with retail, office, and commercial spaces for rent.
      275 1St Ave SW, Cedar Rapids, IA 52404
      View Details
    • $12 SF/Yr
      108,900 SF

      Commercial Space Customizable to Suit

      5,000 sq ft commercial space with customizable build-out options.
      3645 Stone Creek Cir SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      4.25 Acre Parcel I-380 Visibility

      4.25 acre parcel with I-380 visibility for build-to-suit.
      4th 4Th St SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      9,850 SF

      Warehouse with Outside Storage

      Warehouse space with outside storage available for lease.
      1139 29Th Avenue Dr Southwest, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Commercial Lot Near I-380

      Commercial lot off I-380 in SW Cedar Rapids.
      10745 High Life Ct SW, 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.
    Williams Blvd
    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
    Williams Blvd, 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!