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Office / Multi Family Space 1056 5th Ave SE 3,450 SF 100% Leased Office Building Cedar Rapids, IA 52403 $532,205 CAD ($154.26 CAD/SF) 12% Cap Rate
Investment Highlights
- Geo Therma Heating
- Brand New Roof
- Brand New Windows
Executive Summary
Commercial Building with two apartment rentals on the second floor. All new Furnace, AC, and Roof. Fully renovated and ready for sale
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,450 SF
Building Class
B
Year Built/Renovated
1950/2024
Price
$532,205 CAD
Price Per SF
$154.26 CAD
Cap Rate
12%
NOI
$63,865 CAD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,725 SF
Building FAR
1.98
Lot Size
0.04 AC
Opportunity Zone
Yes
Amenities
- Air Conditioning
- Smoke Detector
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 14223-33001-00000 | Improvements Assessment | $306,428 CAD |
| Land Assessment | $7,355 CAD | Total Assessment | $313,784 CAD |
Property Taxes
Parcel Number
14223-33001-00000
Land Assessment
$7,355 CAD
Improvements Assessment
$306,428 CAD
Total Assessment
$313,784 CAD
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Presented by
Collins Community Credit Union
Office / Multi Family Space | 1056 5th Ave SE
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