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Property profile

4201 Glass Rd NE Cedar Rapids, IA 52402

FOR SALE
Medical Office Space
Property ID
US25-0420350
7,360 SF 1.64 ac lot Built 1992
Last sale Feb 2018 · $782,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This multi-tenant office building contains 7,360 square feet within a parcel of more than 1.5 acres. The building was constructed in 1992 and includes recent improvements to Suite A that provide a more modern interior. The space is configured to accommodate two tenants, with Suite A and an additional suite totaling 7,360 square feet. The property includes approximately 44 on-site parking spaces. At the time of the described configuration, one tenant (Pain Associates) occupied 4,106 square feet…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$25k
Tax billed · 2022
Assessed value · 2023$815k
Assessed land$137k
Assessed improvement$678k
Effective rate3.07%

Value estimate

· Oct 2026
$480k
$432k – $528k
NOI build-up
Gross scheduled income$62k
Vacancy & credit loss−$15k
Operating expenses−$12k
NOI · 4.16% cap applied$35k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$100/SF
County average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$62 – $122
Qualifying comparables3

Cap rate analysis

How does the asset earn?
4.16%
$35k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLINN

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant16.9
Hair Salon16.5
Realty agency15.6

Location

4201 Glass Rd NE Cedar Rapids, IA 52402
County assessor Recorded deeds · 10 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3605 Ctr Pt NE, Cedar Rapids, IA 52402-5571 $950,000 May 2025 4,367 SF
4141 Glass NE, Cedar Rapids, IA 52402-2512 $425,000 Nov 2024 4,993 SF
1201 42nd NE, Cedar Rapids, IA 52402-5772 $1,833,000 Oct 2022 4,200 SF
4048 Glass NE, Cedar Rapids, IA 52402-2509 $1,050,000 Apr 2022 4,544 SF
6911 C NE, Cedar Rapids, IA 52402-1349 $1,265,000 Nov 2021 5,505 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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