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Property summary
This exceptional investment opportunity presents a rare sale-leaseback of an established veterinary clinic located at 135 80th Street Unit 1, Fairfax, IA. The property sits on a 0.31-acre lot and is a commercial condominium, offering a secure and low-maintenance investment. The seller will commit to a new 3-5 year lease at a rate of $14.95 per square foot, NNN (Net, Net, Net). This means the tenant is responsible for property taxes, insurance, and common area maintenance, minimizing the owner's ongoing expenses. The HOA fees comprehensively cover building insurance, trash removal, lawn care, and snow removal, further simplifying ownership. The clinic benefits from a central location in Fairfax, a thriving bedroom community conveniently situated near Cedar Rapids, IA. Cedar Rapids boasts a substantial population of approximately 276,000 residents, with a median age of 36, indicating a strong and growing market. This sale-leaseback provides immediate cash flow and long-term stability, making it an attractive proposition for discerning investors seeking a low-risk, high-return investment in a desirable location. The property is priced at $475,000. Further details are available upon request.
Property profile
VerifiedCap rate & NOI
Current use
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Veterinary Clinic
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Fairfax market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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