Property profile

701 Tama St A Marion, IA 52302

FOR LEASE
Office Spaces
Property ID
US25-0322093
25,151 SF 1.87 ac lot Built 2006
Entity Owned 26-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

701 Tama Street SE in Marion, Iowa, offers a diverse range of premium office spaces for lease. This Class A property boasts a total of 40,000 square feet across two stories, housed within a single building in Linn County. The building is ideally suited for a variety of businesses, catering to executive office needs, coworking spaces, medical offices, and creative office environments. Multiple tenancy options are available, with a minimum leasable space of 6,000 square feet and a maximum contiguous space of 25,000 square feet. Currently, there are 22,000 square feet of vacant space ready for immediate occupancy. The property's location in Marion, Iowa, zip code 52302, provides convenient access to local amenities and transportation networks. This versatile property presents a unique opportunity for businesses seeking flexible and high-quality office accommodations in a thriving community. The building's design and amenities are tailored to meet the demands of modern professional settings, ensuring a productive and comfortable work environment. Interested parties are encouraged to inquire about available spaces and lease terms. The property is categorized as Professional Office space, further highlighting its suitability for a wide range of businesses.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2006
Total area 25,151 SF
Lot 1.87 ac (81,457 SF)
APN 14-12-2-27-003-0-1000
UPID US25-0322093

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
  • Medical Clinic
  • Insurance Agency
  • Financial Advisor
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

701 Tama St, Unit A Marion, IA 52302
Marion metro Census 600 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.72M
Blend (final) Blend
$1.94M

Owner & transaction history

since 1999
1 recorded transaction
1999
$675,000

Zoning & alternative use

Top alternative use upside
Restaurant $2.8M +79.1%
Auto repair, garage $2.7M +68.7%
Neighborhood: shopping center $2.6M +62.4%

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
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