Technical
Financial
Distress signals
Property profile

600 3rd SE Ave Cedar Rapids, IA 52401

OFF-MARKET
Office buildings
Property ID
US25-1248363
42,837 SF 0.96 ac lot Built 2012
Entity Owned 2-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The Luxe on 3rd offers 42,837 square feet of prime Class A office space in a desirable downtown location. This three-story building, constructed in 2012, features a single elevator and two stairwells, providing convenient access to multiple suites. The property boasts a total of 57 parking spaces and sits on a 0.96-acre lot. Currently, 25,699 square feet of space is available, with suites ranging from a minimum of 1,628 square feet to a maximum contiguous space of 13,610 square feet. The building is zoned U - DG and its convenient location is adjacent to the Medical District, offering easy access to dining, entertainment, and Interstate 380. The property's tax cost per square foot is $5.36. Flexible lease terms are available, with build-to-suit options to accommodate specific business needs. This exceptional building provides excellent visibility and is an ideal location for a variety of businesses, including traditional office, executive office, coworking, medical office, and creative office uses. The property's address is conveniently located near the intersection of 6th and 7th Streets and 3rd Avenue, with the Assessor's Parcel Number (APN) being 14214-81007-00000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2012
Total area 42,837 SF
Lot 0.96 ac (41,818 SF)
APN 14-21-4-81-007-0-0000
UPID US25-1248363

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
  • Financial Advisor
  • Car Dealership
  • Financial Advisor
  • Corporate Office Coworking & Hybrid Office
  • Financial Advisor

Location

600 3rd SE Ave Cedar Rapids, IA 52401-1600
Cedar Rapids metro Census 1900 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.27M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.02M
Blend (final) Blend
$2.27M

Owner & transaction history

since 2024
Last sale
$2.3M
2 recorded transactions
2024
$2.3M
2024
$500

Zoning & alternative use

Top alternative use upside
Retail stores $3.5M +5.4%
Neighborhood: shopping center $3.5M +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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 600 3rd SE Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message