460 12th Ave Sea-100, Cedar Rapids, IA 52401-2452
- Office buildings
- 12,879 SF
Current Use by Public Records
- The Depot / Apartment Building
- Involta / IT Consulting Firm / Tech Support Center
- Collective Data / (Bike/Boat/Book/etc) Store / Corporate Office
- QuarterMaster Solutions / (Bike/Boat/Book/etc) Store / Corporate Office
Property Details for 460 12th Ave Sea-100
- Year built
- 2016
- Property type
- Office buildings
- APN
- 14-27-2-59-007-0-1003
- APU
- 142725900701003
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,100,000
- 6.5%
- $1,015,000
- 7%
- $945,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $607,000
Market price range: $187k - $608k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,005,000 Current use
- MEDICAL BUILDING
- $1,285,000 Change: +28% Conversion: Easy
- RETAIL STORES
- $1,060,000 Change: +5% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $1,055,000 Change: +5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.6571
- Latitude
- 41.9719
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
