Property profile

115 30Th Street Dr SE Cedar Rapids, IA 52403

FOR SALE
Retail space
Property ID
US25-0252516
1,278 SF 0.09 ac lot Built 1959
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional executive office suite, located at 115 30th St Dr SE in Cedar Rapids, Iowa, offers 2,677 square feet of newly renovated space, perfect for a single tenant. The property is a Class B building situated on a 0.09-acre lot. The entire space is currently vacant and ready for immediate occupancy. Recent renovations include brand new windows and carpeting, creating a bright and modern workspace. The open floor plan provides flexibility for various office configurations. The property is conveniently located in Linn County, Iowa, with easy access to major roadways and amenities. The monthly rent is $1,500, and is structured as a triple net lease (NNN). This means the tenant is responsible for property taxes, insurance, and maintenance. This presents a fantastic opportunity for a business seeking a move-in ready, updated office space in a desirable Cedar Rapids location. The zip code is 52403. The property's total square footage is 2,677 square feet.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1959
Total area 1,278 SF
Lot 0.09 ac (3,920 SF)
APN 14-11-3-54-003-0-0000
UPID US25-0252516

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
  • Auto Repair Shop

Location

115 30Th Street Dr SE Cedar Rapids, IA 52403
Cedar Rapids metro Census 1500 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2018
1 recorded transaction
2018
$124,500

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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