6300 Rockwell Dr NE Cedar Rapids, IA 52402
Office buildings
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Entity Owned
5-yr Hold
Absentee Owner
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For Lease
1 / 4
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6300 Rockwell Dr NE, Cedar Rapids, IA 52402
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Estimated value (blended)
$1.24M
Range $1.11M – $1.36M (±10%)
Property ID
US25-0369401
Property summary
AI-generated overview
This two-story, 27,096 square foot office building in Cedar Rapids, Iowa, offers three available suites ranging from 200 to 3,888 square feet. Located at 6300 Rockwell Dr NE, this property boasts a convenient location just north of Blairs Ferry Rd NE, with easy access to I-380 and numerous amenities. Built in 1989, the building sits on a 4.95-acre lot and features ample on-site parking with approximately 106 spaces. The available suites are situated on the first floor, with Suite A offering 1,598 square feet and abundant natural light, Suite B providing 3,888 square feet, and Suite C comprising 200 square feet. All three suites are offered at a gross lease rate plus utilities. The building is zoned for Suburban Mixed Use Community Center use, and the Linn County APN is 113430100200000. This property presents a fantastic opportunity for businesses seeking flexible and well-located office space in a thriving Cedar Rapids community. The total building size is 27,096 square feet, with 5,686 square feet currently vacant. The property consists of one building with a total of two stories.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
13,548 SF
Lot
4.95 ac (215,622 SF)
APN
11-34-3-01-002-0-0000
UPID
US25-0369401
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
-
Media Distribution
-
Campground & RV Park
-
Advocacy Group
-
Pharmacy
-
Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.24M
Owner & transaction history
since 2020
4 recorded transactions
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$1.4M
+16.3%
Medical building
$1.4M
+8.9%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.24M
Value range
$1.11M – $1.36M
±10% around blend
Estimated value / SF
$91 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
30
Income certainty
100
$1.11M
blend $1.24M
$1.36M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,548 SF
Lot area
4.95 ac
Year built
1989
Stories
1
APN
11-34-3-01-002-0-0000
Assessed value
$1,961,100
Annual tax
$75,270
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.07M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.16M
@ 6.5% CAP return
$1.07M
@ 7% CAP return
$990k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$75,270
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.05M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.2 mi away · 12,917 SF
4.8 mi away · 16,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.24M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$92
-1%
Submarket 61 sales
$78
+17%
County 63 sales
$79
+15%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $91/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+16%
vs current-use indication
Medical Building
Office Building · current use
Retail Stores
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
219,670.59%
Selected cap rate for this office buildings
Derived from the Cedar Rapids market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$19k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8
Move the market yield to see immediate price impact.
Value / SF
$0
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
219,670.09%219,670.59%219,671.09%
$17k
$7
$7
$7
$19k
$8
$8
$8
$21k
$9
$9
$9
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$900k
0.7 mi · May 2026 · $57/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$75,270
Tax year 2022
Assessed value
$1,961,100
Assessed 2023
Previous assessed
$1,961,100
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$347,600
Assessed improvement
$1,613,500
Land market value
$347,600
Improvement market value
$1,613,500
Total market value
$1,961,100
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1989
Heating
NONE
Stories
1
Total area
13,548 SF
Lot
4.95 ac (215,622 SF)
APN
11-34-3-01-002-0-0000
UPID
US25-0369401
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Stories
1
Lot
4.95 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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