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    8923 Brighton Way SW Cedar Rapids, IA 52404
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    8923 Brighton Way SW Cedar Rapids, IA 52404

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    • Commercial land
    For Sale
    $335,152
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    Commercial Lots in Cedar Rapids For Sale
    $335,152
    8.90 Acres

    Commercial Lots in Cedar Rapids

    Commercial lots available in southwest Cedar Rapids educational district.

    8923 Brighton Way SW, Cedar Rapids, IA 52404
    View Listing
    Property ID
    US25-1629067
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 8923 Brighton Way SW

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Big Ben Additions located in southwest Cedar Rapids in the College Community and Kirkwood Community College educational district, offers lots for all commercial uses with sizes varying from 0.99 to 8.90 combined acres including build-to-suit options, ability to combine lots and long term ground leases. Big Ben Additions has excellent visibility at the corner of Wright Brothers Boulevard SW and Kirkwood Boulevard SW. Site is just a few miles from the Eastern Iowa Airport, and provides easy access to I-380 and Highway 30. Traffic counts on I-380 in this area exceed 58,000. Construction on several hundred new residential homes will begin this year in the development to the south of Big Ben Additions. Partner in ownership entity is Licensed Real Estate Agent State of Iowa.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6589704
    Latitude
    41.8950841

    Comparable in this City

    • Contact for pricing

      Commercial Lots in Cedar Rapids

      Commercial lots available in southwest Cedar Rapids near Kirkwood College.
      139 Audrey Way SW, Cedar Rapids, IA 52404
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      Commercial Lots in Cedar Rapids

      Commercial lots available in southwest Cedar Rapids, ranging from 0.99-8.90 acres.
      American Way SW, Cedar Rapids, IA 52404
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      Commercial Lots in Cedar Rapids

      Commercial lots available in southwest Cedar Rapids educational district.
      8915 Griswold Ln SW, Cedar Rapids, IA 52404
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      Commercial Lots in Cedar Rapids

      Commercial lots available in southwest Cedar Rapids educational district.
      8927 Griswold Ln SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      55,121 SF

      Commercial Lots in Educational District

      Commercial lots available in southwest Cedar Rapids near Kirkwood College.
      8920 Griswold Ln SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      47,467 SF

      Commercial Lots in Cedar Rapids

      Commercial lots available in southwest Cedar Rapids near Kirkwood College.
      145 Audrey Way SW, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Lots in Cedar Rapids

      Commercial lots available in southwest Cedar Rapids near Kirkwood College.
      139 Audrey Way SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Commercial Lots in Cedar Rapids

      Commercial lots available in southwest Cedar Rapids, ranging from 0.99-8.90 acres.
      American Way SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Commercial Lots in Cedar Rapids

      Commercial lots available in southwest Cedar Rapids educational district.
      8915 Griswold Ln SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Commercial Lots in Cedar Rapids

      Commercial lots available in southwest Cedar Rapids educational district.
      8927 Griswold Ln SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      55,121 SF

      Commercial Lots in Educational District

      Commercial lots available in southwest Cedar Rapids near Kirkwood College.
      8920 Griswold Ln SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      47,467 SF

      Commercial Lots in Cedar Rapids

      Commercial lots available in southwest Cedar Rapids near Kirkwood College.
      145 Audrey Way SW, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land Lease Opportunity

      1.65 acre commercial land lease near I-380.
      8905 6Th St SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for ground lease or build-to-suit.
      Council St NE, Cedar Rapids, IA 52404
      View Details
    • $12 SF/Yr
      108,900 SF

      Commercial Space Customizable to Suit

      5,000 sq ft commercial space with customizable build-out options.
      3645 Stone Creek Cir SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Commercial Lot Near I-380

      Commercial lot off I-380 in SW Cedar Rapids.
      10745 High Life Ct SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      9,850 SF

      Warehouse with Outside Storage

      Warehouse space with outside storage available for lease.
      1139 29Th Avenue Dr Southwest, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      4.25 Acre Parcel I-380 Visibility

      4.25 acre parcel with I-380 visibility for build-to-suit.
      4th 4Th St SW, Cedar Rapids, IA 52404
      View Details
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    Cedar Rapids, IA 52404
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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