600 Blairs Ferry Rd NE Cedar Rapids, IA 52402
- Strip malls
- 8,580 SF
- 0.88 lot acres
Current Use by Public Records
- Chec King Payday Advance / Loan Agency
- Greenleaf Tobacco & Vape / Tobacco Shop / Cigar Shop
- Quiznos / Sandwich Shop
- Your Tanning Bar / Tanning Salon
Property Details for 600 Blairs Ferry Rd NE
- Year built
- 2006
- Lot size
- 0.88 lot acres
- Property size
- 8,580 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 14-03-1-04-004-0-0000
- APU
- 140310400400000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,510,000
- 6.5%
- $3,305,000
- 7%
- $3,990,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,055,000
- Geo Method
- $3,595,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,025,000
- Retail
- $3,725,000
- Mixed-Use
- $3,020,000
- Hospitality
- $3,405,000
- Educational
- $3,120,000
- Residential Income
- $4,055,000
- Energy
- $3,275,000
- Income-Based Land
- $2,975,000
- Food Service
- $3,970,000
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.641
- Latitude
- 42.0351
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA