600 3rd SE Ave, Cedar Rapids, IA 52401-1600
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.