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Property profile & analytics
FOR SALE
Strip malls

600 Blairs Ferry Rd NE Cedar Rapids, IA 52402

8,580 SF 0.88 ac lot Built 2006
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0318421
Property summary
AI-generated overview

This single-story, 1,598-square-foot office suite is part of an 8,580-square-foot building at 600 Blairs Ferry Rd NE in Cedar Rapids, Iowa. Built in 2006, the property features a traditional office layout with creative office adaptability, boasting 7-10 foot ceilings and 220-volt power. The suite is immediately available and represents a portion of a larger multi-tenant building. Located in a high-traffic area with over 30,000 vehicles passing daily, this space offers exceptional visibility, situated directly across from Collins Aerospace. The property is zoned Sub Mix and has a Linn County APN of 140310400400000. A negotiable tenant improvement allowance is available, and an introductory rate of $14 per square foot is offered for the first year of a three-year lease or the first two years of a five-year lease. The successful tenant mix in the building provides a strong and established business environment. This is an excellent opportunity for businesses seeking a prominent location in Cedar Rapids.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Total area 8,580 SF
Lot 0.88 ac (38,333 SF)
APN 14-03-1-04-004-0-0000
UPID US25-0318421
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
  • Chec King Payday Advance Loan Service
  • Greenleaf Tobacco & Vape (Bike/Boat/Book/etc) Store
  • Quiznos Take-out & Catering
  • Your Tanning Bar Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.68M
Owner & transaction history
Evans LLC · 3 yrs held
Evans LLC
since 2023
Last sale
$3.6M
1 recorded transaction
2023
$3.6M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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
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