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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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    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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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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