2801 6th SW St Cedar Rapids, IA 52404-4003
This exceptional 7,709-square-foot executive office building presents a unique investment opportunity. Located on a 0.67-acre lot, this single-tenant property boasts an all-brick exterior with abundant natural light from numerous windows. Completely remodeled and updated, the interior features a desirable mix of 13 to 16 private offices, complemented by 3 to 5 conference rooms, spacious reception areas, and ample cubicle space. The building's flexible layout allows for diverse configurations, including the potential to divide the space into two units of 5,036 square feet and 2,673 square feet, ideal for owner-occupancy and subletting. Built in 1977 and zoned C, this property offers exceptional convenience with its central location and easy access to I-380 and US Highway 30. Ample parking is provided with 33 off-street spaces. The estimated annual net operating expenses (NNN) including common area maintenance (CAM) are $4.98 per square foot. This Class A office space is priced for immediate sale at $89 per square foot, representing a compelling investment opportunity in a highly desirable location. The property's versatility and prime location make it an attractive option for a variety of businesses seeking a modern and functional workspace.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.