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Property profile & analytics
OFF-MARKET
Office buildings
4211 Glass NE Rd, Cedar Rapids, IA 52402-2515
Entity Owned
2-yr Hold
Free & Clear
Property ID
US25-0410647
Property summary
AI-generated overview
This Cedar Rapids office property, located at 4211 Glass Rd NE, offers 27,559 total square feet, with 8,488 square feet currently vacant. Built in 1976, this property sits on a 5.66-acre lot and features a Traditional Mixed Use Limited zoning designation. Multiple tenancy options are available, ranging from 500 to 4,888 square feet. The building enjoys a tranquil wooded setting, yet boasts convenient access to Highway 100 and I-380, situated just off Edgewood Rd and 42nd St NE. The gross lease structure simplifies expenses, making this an affordable and attractive option for businesses seeking a distinctive work environment. Specific available suites include A1 and B1-B5. The property's APN is 14071-80011-00000. This is a rare opportunity to establish your business in a serene yet strategically located setting in Cedar Rapids, Iowa, zip code 52402.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
14,236 SF
Lot
5.66 ac (246,550 SF)
APN
14-07-1-80-011-0-0000
UPID
US25-0410647
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Winners chapel international Iowa Church
-
LAWSONLINE.COM Law Firm
-
East Central Uni Serv Unit Association Or Organization
-
Sajra Hill: Primerica - Financial Services Financial Advisor
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HouseList.com Data Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eti Building LLC · 2 yrs held
Eti Building LLC
since 2024
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cedar Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Rapids submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$33,000
Tax year 2022
Assessed value
$1,145,900
Assessed 2023
Previous assessed
$1,145,900
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$309,200
Assessed improvement
$836,700
Land market value
$309,200
Improvement market value
$836,700
Total market value
$1,145,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Heating
NONE
Stories
1
Total area
14,236 SF
Lot
5.66 ac (246,550 SF)
APN
14-07-1-80-011-0-0000
UPID
US25-0410647
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
1
Lot
5.66 ac
Current owner
From public records · entity-resolved
Eti Building LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3851 HICKORY RDG LN NE STE A2, CEDAR RAPIDS, IA 52403-3765
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
—
Eti Building LLC
—
Deed
related
$1,120,000 · Hills Bank & Trust Company
Jun 25, 2024
—
Eti Building LLC
Richard A Pundt
Quitclaim Deed
related
—
Jun 17, 2024
$300,000
Richard A Pundt
The Catholic Foundation In The Arch
Warranty Deed
$640,000 · Hills Bank & Trust Company
Nov 23, 2016
$1,050,000
Richard A Pundt
Hanrahan Investment Co LLC
Warranty Deed
$450,000 · Bank Of The West
Dec 28, 2005
$2,025,000
Hanrahan Investment Co LLC
Hanrahan,mark E
Warranty Deed
related
—
—
—
Hanrahan Investment Co LLC
—
Loan Modification
related
—
—
—
Hanrahan Investment Co LLC
—
Deed Of Trust
related
$1,448,043 · Bankers Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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