3525 Center Point Rd Cedar Rapids, IA 52402
- Office buildings
- 2,700 SF
- 0.42 lot acres
Current Use by Public Records
- D & D Real Estate Holdings / Property Management Company
- Ms. Karen Matthews / Practitioner Service Location / Counselor
- Kernels Siding Experts / Siding Contractor
- Vern Cooper & Associates Inc / Estate Planning Attorney
Property Details for 3525 Center Point Rd
- Year built
- 1979
- Lot size
- 0.42 lot acres
- Property size
- 2,700 SF
- Property type
- Office buildings
- APN
- 14-09-1-52-012-0-0000
- APU
- 140915201200000
Description
This exceptional 1,500 square foot executive office suite, part of a larger 5,400 square foot building, presents a fantastic opportunity in Cedar Rapids, IA. Located at 3525 Center Point Rd NE, this completely remodeled space boasts a neutral décor, highlighted by solid six-panel cherry doors and trim. The layout includes four generously sized offices, each featuring functional windows, ensuring ample natural light. A welcoming waiting room and reception area create a professional first impression. Additional amenities include a kitchenette, a larger storage area, and Cat-5 wiring, making it ready for modern technology. Cable TV and DSL connections are readily available. The building features separate utilities, including a new 90% efficient furnace and central air conditioning, ensuring comfortable year-round operation. The property also benefits from a prominent 32 square foot street sign, enhancing visibility. The building sits on a 0.42-acre lot and was constructed in 1979. The single-story building offers ceiling heights ranging from 7 to 10 feet. The space is equipped with 220-volt power. Zoning is O/S. The property is available for lease on a NNN basis. The minimum divisible space is 1,500 square feet, with a maximum contiguous space also at 1,500 square feet. The APN is 140915201200000. This property is ideal for businesses seeking a move-in ready, professional office environment.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $225,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $230,000
- 6.5%
- $215,000
- 7%
- $200,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $280,000
- AI Estimate
- $222,000
Market price range: $193k - $280kMarket price range: $74.8k - $247k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $250,000 Current use
- AUTO REPAIR, GARAGE
- $290,000 Change: +16% Conversion: Difficult
- MEDICAL BUILDING
- $270,000 Change: +9% Conversion: Easy
- RETAIL STORES
- $220,000 Change: -10% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $220,000 Change: -11% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.6646
- Latitude
- 42.0149
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA