Property profile

100 1st NW Ave Cedar Rapids, IA 52405

OFF-MARKET
Commercial real estate
Property ID
US25-0093854
960 SF 0.56 ac lot Built 1971
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional office space, located at 100 1st Ave NE #116 in Cedar Rapids, IA 52401, offers a unique opportunity for businesses seeking a prominent location. The property, part of the Cedar River Tower, boasts 9,036 square feet of vacant space (actual leaseable area is 8,508 sq ft, excluding stairwells) within a 100,000 square foot building, built in 1974. The space is divisible to a minimum of 4,518 square feet and can be configured to suit various needs, with the potential to lease the main floor, lower level, or both. The layout includes 13 main floor suites and 13 lower level private suites, each featuring oversized windows, open concept areas, conference rooms, a kitchenette, and dedicated storage. The property benefits from a prime location with excellent signage opportunities, convenient access to a private frontage road, and ample parking. Eleven parking spaces are included, with an additional 28 spaces available for lease at $50 per month. The gross annual lease rate is $75,000. The zoning is commercial. Consider the potential for additional rooftop signage as a lease option. This turnkey space offers immediate occupancy and a high-visibility location near the Cedar River and 5 Seasons monument. The building features three sets of stairs for easy access between floors.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1971
Total area 960 SF
Lot 0.56 ac (24,394 SF)
APN 14-28-2-28-008-0-0000
UPID US25-0093854

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Consultant
  • Insurance Agency
  • Real Estate Agency
  • Insurance Agency
  • Insurance Agency

Location

100 1st NW Ave Cedar Rapids, IA 52405
Cedar Rapids metro Census 2200 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$225k

Owner & transaction history

since 2012
4 recorded transactions
2012
$329,500
2010
Price N/A
2010
$370,000
1969
Price N/A

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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