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    2300 Edgewood Rd SW Cedar Rapids, IA 52404

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    2300 Edgewood Rd SW Cedar Rapids, IA 52404

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    • Strip malls
    • 16,939 SF
    For Lease
    $18 SF/Yr
    View Listing →
    Retail Space in CedarRapids, Iowa For Lease
    $18 SF/Yr

    Retail Space in CedarRapids, Iowa

    High-traffic location ideal for retail, dining, or service businesses.

    Cedar Rapids, IA 52404
    View Listing
    Property ID
    US25-0252809
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Orange Leaf Frozen Yogurt / Cafe & Coffee Shop / Take-out & Catering
    • Scooter's Coffee / Cafe & Coffee Shop
    • Ubreakifix By Asurion / Computer & Electronic Repair / Tech Support Center
    • Buff City Soap / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • The Joint Chiropractic / Alternative Medicine Practice

    Property Details for 2300 Edgewood Rd SW

    Year built
    2010
    Construction
    STEEL FRAME
    Property size
    16,939 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    13-36-4-01-010-0-1004
    APU
    133640101001004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,081,000
      Market price range: $866k - $2.17M
      AI Estimate
      $1,120,000
      Market price range: $376k - $1.16M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,390,000
      Current use
      AUTO REPAIR, GARAGE
      $1,805,000
      Change: +30% Conversion: Difficult
      MEDICAL BUILDING
      $1,690,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $1,395,000
      Change: +0% Conversion: Easy
      OFFICE BUILDING
      $1,325,000
      Change: -5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.7175
    Latitude
    41.9556
    CBSA code
    16300
    CBSA name
    CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $107,718
    $1,328,200
    $1,958,400
    $3,286,600
    -
    $1,328,200
    $1,958,400
    $3,286,600

    Comparable in this City

    • Value Estimation
      $1,165,000
      12,461 SF

      2360 Edgewood SW Rd

      SHOPPING CENTER, STRIP CENTER • 12,461 SF
      2360 Edgewood SW Rd, Cedar Rapids, IA 52404-3426
      View Details
    • Value Estimation by Request
      6,136 SF

      2870 Edgewood SW Rd

      SHOPPING CENTER, STRIP CENTER • 6,136 SF
      2870 Edgewood SW Rd, Cedar Rapids, IA 52404-3259
      View Details
    • Value Estimation by Request
      9,738 SF

      6600 Kirkwood SW Blvd

      SHOPPING CENTER, STRIP CENTER • 9,738 SF
      6600 Kirkwood SW Blvd, Cedar Rapids, IA 52404-5236
      View Details
    • Value Estimation
      $2,205,000
      23,317 SF

      2375 Edgewood SW Rd

      SHOPPING CENTER, STRIP CENTER • 23,317 SF
      2375 Edgewood SW Rd, Cedar Rapids, IA 52404-4736
      View Details
    • Value Estimation
      $1,165,000
      14,248 SF

      5350 Kirkwood SW Blvd

      SHOPPING CENTER, STRIP CENTER • 14,248 SF
      5350 Kirkwood SW Blvd, Cedar Rapids, IA 52404-5232
      View Details
    • Value Estimation
      $1,115,000
      14,550 SF

      2665 Edgewood SW Pkwy

      SHOPPING CENTER, STRIP CENTER • 14,550 SF
      2665 Edgewood SW Pkwy, Cedar Rapids, IA 52404-7825
      View Details

    Similar Nearby for Sale

    • $3,800,000
      Pending

      Fully Leased Retail Strip Center

      Class A retail strip center for sale, fully leased.
      2360 Edgewood Rd SW, Cedar Rapids, IA 52404
      View Details
    • $545,000
      4,800 SF

      Leased Industrial Investment Opportunity

      Fully leased flex building with established tenants and highway visibility.
      255 Classic Car Ct SW, Cedar Rapids, IA 52404
      View Details
    • $1,802,705
      13,248 SF

      Commercial Space in Cedar Rapids

      Commercial space available for sale in Cedar Rapids, Iowa.
      Ders Dr NW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      NNN Leased Investment Opportunity

      Stand-alone NNN Burlington Coat Factory with over 6 years remaining.
      3475 Westdale Dr Sw, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      10,013 SF

      Versatile Commercial Space, Cedar Rapids

      7,800+ sq ft commercial space in fast-growing business corridor.
      8806 St. Martin Blvd, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      55,121 SF

      Commercial Lots in Educational District

      Commercial lots available in southwest Cedar Rapids near Kirkwood College.
      8920 Griswold Ln SW, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Retail Space in CedarRapids, Iowa

      High-traffic location ideal for retail, dining, or service businesses.
      2300 Edgewood Rd SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      4,300 SF

      Retail Space on C Street SW

      Prime retail space with high traffic exposure near Highway 30.
      5821 C St SW, Cedar Rapids, IA 52404
      View Details
    • $5 SF/Yr
      50,000 SF

      Prime Cedar Rapids Retail Space

      50,000 SF Retail Center, Iowa
      3500 Dalton Way, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      Single tenant retail space with drive-thru for lease.
      4050 Westdale Pkwy SW, Cedar Rapids, IA 52404
      View Details
    • $6 SF/Yr
      4,986 SF

      Cedar Rapids Auto Shop Space

      Highly visible shop space with outdoor storage and paint booth.
      1813 16Th Ave SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      3,140 SF

      Retail Space in Cedar Rapids

      Retail space available in Cedar Rapids, Iowa.
      5761 C St SW, Cedar Rapids, IA 52404
      View Details
    View Listing
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    Cedar Rapids, IA 52404
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    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
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