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Property profile & analytics
OFF-MARKET Estimated value $1,900,000
Strip malls

588 Boyson Rd Nea Cedar Rapids, IA 52402-7350

14,964 SF Built 2002
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US25-0449567
Property summary
AI-generated overview

This exceptional 1,330 square foot commercial space is located at 588 Boyson Road NE in Cedar Rapids, Iowa, within a vibrant and growing neighborhood. The property, built in 2002, is part of a larger building totaling 14,964 square feet and features a single story design. The space is zoned T-MC and boasts a convenient layout previously occupied by a gourmet gift shop. The existing configuration includes a customer counter at the front and dedicated employee/workspace in the rear, offering flexibility for various business needs. Ample parking is available, enhanced by a separate employee entrance at the rear of the building. This prime location benefits from strong neighboring businesses, including Casey's, Indulge, Edward Jones, and Mas Margaritas, ensuring high visibility and foot traffic. The property's Linn County location (APN: 113410401101000) offers easy access to major transportation routes and amenities. The space is ideal for a variety of uses, including traditional office, creative office, or even co-working arrangements, making it a versatile option for entrepreneurs and established businesses alike. The property is currently available for lease as a single unit within a multi-tenant building. This presents a unique opportunity to establish a presence in a thriving Cedar Rapids commercial district. The property type is listed as Retail and Office.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2002
Total area 14,964 SF
APN 11-34-1-04-011-0-1000
UPID US25-0449567
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
  • Casey's Take-out & Catering
  • ATM Atm
  • Indulge Sun Beauty Supply (Bike/Boat/Book/etc) Store Cosmetic Store
  • Más Margaritas Restaurant
  • Casey's Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.33M
Comparable Approach Comparable
$1.44M
Blend (final) Blend
$1.90M
Owner & transaction history
Culvers Bowman Sq Props LLC · 19 yrs held
Culvers Bowman Sq Props LLC
since 2007
1 recorded transaction
2007
$2.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.4M +92.9%
Auto repair, garage $1.6M +30.2%
Medical building $1.5M +21.9%
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