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    4935 Bowling St SW Cedar Rapids, IA 52404
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    4935 Bowling St SW Cedar Rapids, IA 52404

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    • Office Units
    For Lease
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    Office Suites For Lease For Lease
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    1,750 SF

    Office Suites For Lease

    Highly visible office suites available for lease.

    4935 Bowling St SW, Cedar Rapids, IA 52404
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    Property ID
    US25-0320649
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Always Best Care Senior Services / Home Health Care Service
    • Environmental Control Solutions, Inc. / Production Facility
    • Go Media / Media Distribution
    • PSI Inc / Training Center
    • Done Done Services / Construction Company

    Property Details for 4935 Bowling St SW

    Year built
    1997
    Property type
    Office Units
    Property subtype
    Commercial real estate

    Description

    Multiple office suites for lease within this highly visible property along Bowling St SW. Suite B offers 1,408 SF with 3 private offices, a reception/bullpen area, a small kitchenette and shared restrooms, this suite could be expanded to 1,750 SF.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6559888
    Latitude
    41.9311673

    Comparable in this City

    • $6 SF/Yr
      48,000 SF

      Available Office Space for Lease

      13,500 SF office space with furniture and cubicles available.
      4625 6Th St Southwest, Cedar Rapids, IA 52404
      View Details
    • $1,400 /Mo
      12,437 SF

      Updated Office Space For Rent

      Clean, updated office space with private entrance and parking.
      618 14Th Ave SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Available Office Space for Lease

      13,500 SF office space available for rent.
      4625 6Th St Southwest, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Historic Corner Lot Retail/Office Space

      Trendy historic building with potential for retail or office use.
      1718 C St SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Industrial Space for Lease

      9,500 SF industrial space available for lease.
      5203 16Th Ave SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Cedar Rapids Flex Industrial Warehouse

      Well-maintained 8,474 SF flex industrial warehouse for lease.
      1402 18Th St SW, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Sale

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      6,856 SF

      Retail or Redevelopment Opportunity

      Spacious property in thriving retail district, suitable for redevelopment.
      3220 SW Wiley Blvd, Cedar Rapids, IA 52404
      View Details
    • $1,300,000
      9,600 SF

      Spacious Commercial Space with Gym

      9,600 SF commercial space with gym, built in 2008.
      6205 11Th St SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      10,013 SF

      Versatile Commercial Space, Cedar Rapids

      7,800+ sq ft commercial space in fast-growing business corridor.
      8806 St. Martin Blvd, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      10,013 SF

      Versatile Commercial Space, Cedar Rapids

      7,800+ sq ft commercial space in fast-growing business corridor.
      8806 St. Martin Blvd, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      10,284 SF

      Spacious Commercial Space, Cedar Rapids

      5,000 SF commercial space ready for custom build-out.
      3645 Stone Creek Cir, Cedar Rapids, IA 52404
      View Details
    • $1,300,000
      9,600 SF

      Exceptional Commercial Space, Cedar Rapids

      Prime commercial space with gym, near airport and highways.
      6205 11Th St SW, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Available Office Space for Lease

      13,500 SF office space available for rent.
      4625 6Th St Southwest, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      20,160 SF

      Office Suites with Custom Options

      Variety of office suites available, customizable, with lease incentives.
      3260 Southgate Pl Sw, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      20,160 SF

      Customizable Office Spaces Available

      Variety of office suites with flexible configurations and sizes.
      3260 Southgate Pl Sw, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Professional Office Space Available

      Multiple office spaces for lease with on-site parking.
      4935 Bowling St SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Historic Corner Lot Retail/Office Space

      Trendy historic building with potential for retail or office use.
      1718 C St SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Industrial Space for Lease

      9,500 SF industrial space available for lease.
      5203 16Th Ave SW, Cedar Rapids, IA 52404
      View Details
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    Cedar Rapids, IA 52404
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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