Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    42Nd St Cedar Rapids, IA 52411
    Property profile & analytics

    42Nd St Cedar Rapids, IA 52411

    View on Map
    • Specialty properties
    • 12,840 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 42Nd St

    Year built
    1998
    Property size
    12,840 SF
    Property type
    Specialty properties
    Property subtype
    Day care centers

    Description

    This exceptional 12,840-square-foot retail property, located at 4650 42nd St NE in Cedar Rapids, Iowa, presents a unique investment opportunity. Situated on a generous 1.65-acre lot, the single-story building was constructed in 1998 and is currently vacant. The property's zoning is Suburban Mixed Use Regional Center, offering flexibility for a variety of uses. Previously utilized as a childcare center, the building boasts numerous features ideal for a range of businesses. These include abundant on-site parking, multiple large rooms suitable for various purposes, a multi-purpose gym space, a reception area, and an existing playground. The building's layout and amenities provide a solid foundation for a new tenant or owner to adapt the space to their specific needs. The property is located in Linn County, Iowa, with easy access to major roadways and a thriving community. This is a rare opportunity to acquire a substantial, well-located property with significant potential for redevelopment or immediate occupancy. The property is available for sale or lease. A concept site plan is available.

    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
    -91.7066
    Latitude
    42.0218

    Comparable in this City

    • Value Estimation by Request
      12,840 SF

      42Nd St

      Day care centers • 12,840 SF
      0 42Nd St, Cedar Rapids, IA 52411
      View Details
    • Value Estimation by Request

      5235 Buffalo Rdg Dr

      Neighborhood centers
      5235 Buffalo Rdg Dr, Cedar Rapids, IA 52411
      View Details
    • Value Estimation by Request

      Edgewood Rd

      Multifamily properties
      0 Edgewood Rd, Cedar Rapids, IA 52411
      View Details
    • Value Estimation by Request
      1.40 Acres

      IA Cedar Rpd

      Retail properties & Spaces • 60,984 SF
      IA Cedar Rpd, Cedar Rapids, IA 52411
      View Details
    • Value Estimation
      $6,025,000
      12,840 SF

      4333 Edgewood Rd

      DAY CARE, PRE-SCHOOL • 12,840 SF
      4333 Edgewood Rd, Cedar Rapids, IA 52411-6542
      View Details
    • Value Estimation by Request
      6,771 SF

      4750 42nd NE St

      DAY CARE, PRE-SCHOOL • 6,771 SF
      4750 42nd NE St, Cedar Rapids, IA 52411-6707
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Robins Commercial Unit For Sale

      70,000 SF commercial unit in Robins, Iowa available.
      000 Sf, Robins, IA 52411
      View Details
    • Contact for pricing

      Robins, Iowa - 70,000 SF

      70,000 SF commercial property in Robins, Iowa.
      000 Sf, Robins, IA 52411
      View Details
    • Contact for pricing

      Robins Commercial Unit For Sale

      70,000 SF commercial unit available in Robins, Iowa.
      000 Sf, Robins, IA 52411
      View Details
    • Contact for pricing

      Commercial Property in Robins, Iowa

      20,000 SF commercial property available in Robins, Iowa.
      000 Sf, Robins, IA 52411
      View Details
    • Contact for pricing

      New Construction Warehouse/Flex Building

      New construction warehouse/flex building in Robins Landing development.
      000 Sf, Robins, IA 52411
      View Details
    • Contact for pricing

      New Construction Warehouse/Flex Space

      New construction warehouse/flex building in Robins Landing development.
      000 Sf, Robins, IA 52411
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      IA, Cedar Rapids - N River Blvd NE

      Discover many ways to work your way in IA, Cedar Rapids - N River Blvd NE
      4415 River Blvd, Cedar Rapids, IA 52411
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      First-generation suite in high-traffic area, ideal for diverse businesses.
      5235 Buffalo Rdg Dr, Cedar Rapids, IA 52411
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with tailored options for any business.
      4415 N River Blvd NE, Cedar Rapids, IA 52411
      View Details
    • Contact for pricing

      Warehouse/Flex Space Build-to-Suit

      New warehouse/flex space in mixed-use development, customizable to tenant.
      Tower Terrace Rd, Cedar Rapids, IA 52411
      View Details
    • Contact for pricing

      Tower Terrace Rd, Cedar Rapids, IA 52411

      Flex space
      Tower Terrace Rd, Cedar Rapids, IA 52411
      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.
    42Nd St
    Cedar Rapids, IA 52411
    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
    42Nd St, Cedar Rapids, IA, 52411
    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!