You are browsing as a guest. Register to access key data for free.
Property profile

600 3rd SE St Cedar Rapids, IA 52401

Office buildings
Property ID
US25-0275708
View Sample
16,800 SF 0.19 ac lot Built 1919
Entity Owned ~ Est. High Equity

Property summary

AI-generated overview

This exceptional Cedar Rapids property, located at 600 3rd St SE, offers 25,200 square feet of versatile space in a historic building (1919). The building features a mix of traditional and creative office spaces, flex space, and warehouse options, perfect for a variety of businesses. Multiple tenancy is available, with minimum divisible space starting at 885 square feet and maximum contiguous space of 1,648 square feet. One suite (1,648 sq ft) boasts an open concept, freight elevator access, kitchenette, restroom, and loft area, ideal for live/work arrangements. Another space (878 sq ft) offers heated storage with a dock door. The property sits on a 0.193-acre lot and includes onsite parking. The building's unique character includes exposed beams, tall ceilings, and abundant natural light. The zoning is UFD - Shopfront Overlay. The property is located in Cedar Rapids, IA, 52401. Tenant improvements may be considered for qualified leases. This is a rare opportunity to lease space in a landmark building with a rich history.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1919
Total area 16,800 SF
Lot 0.19 ac (8,276 SF)
APN 14-28-1-37-003-0-0000
UPID US25-0275708

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
  • Warehouse & Storage
  • Hair Salon Nail Salon
  • Alternative Medicine Practice Spa & Massage Center
  • Architect
  • Interior Design Home Decor Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$790k

Owner & transaction history

since 2026
7 recorded transactions
2026
$1.9M
2024
$2.3M
2024
$500
2018
Price N/A
2017
Price N/A
2016
Price N/A
2016
$325,000

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?”
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