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Property profile

460 12th Ave Sea-100 Cedar Rapids, IA 52401

OFF-MARKET
Office buildings
Property ID
US25-2303300
View Sample
12,879 SF Built 2016
Entity Owned 7-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional 12,879-square-foot Class A executive office space, located at 460 12th Ave SE in Cedar Rapids, Iowa, presents a unique opportunity for businesses seeking a prestigious and functional workspace. Built in 2016, this single-tenant, first-floor commercial condo boasts ample parking. The interior layout is highly versatile, featuring 25 private offices, three larger open/cubicle areas ideal for collaborative work, and a comprehensive suite of meeting spaces. These include three smaller conference rooms and a substantial boardroom, ensuring accommodation for various meeting sizes and needs. Three restroom facilities are provided, one of which includes convenient shower amenities. The property is available for both sale and lease, with lease terms structured as a triple net (NNN) lease. A significant advantage for potential tenants is the owner's willingness to consider subdividing the space for qualified occupants and potentially providing existing office furniture. The property's APN is 14272-59007-01003. This turnkey solution offers immediate occupancy and a highly desirable location in Cedar Rapids, Iowa, zip code 52401. The property's size and amenities make it suitable for a variety of businesses seeking a modern and well-equipped office environment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2016
Total area 12,879 SF
APN 14-27-2-59-007-0-1003
UPID US25-2303300

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building
  • IT Consulting Firm Tech Support Center
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.02M
Comparable Approach Comparable
$608k
Blend (final) Blend
$820k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Medical building $1.3M +27.9%
Retail stores $1.1M +5.4%
Neighborhood: shopping center $1.1M +4.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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