5250 N PARK PL NE

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5250 N PARK PL NE

CEDAR RAPIDS, IA 52402-6221
Asking Price
$999K
Asset Type
Creative Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Creative office property spanning 53,722 square feet of interior space
  • Acquisition price set at $999,000 for the entire facility
  • Situated in a prime commercial sector of Cedar Rapids
  • Flexible floor plan accommodates diverse professional or creative business uses
  • Asset provides significant scale for expanding regional operations

What's Special

Priced at $999,000, this 53,722 square foot creative office space at 5250 N Park Pl NE provides a substantial footprint for business operations in Cedar Rapids. As a key economic hub in Iowa, Cedar Rapids maintains a steady demand for professional workspace that accommodates both traditional and collaborative team structures. The layout and scale of this asset are well-suited for professional service firms, technology companies, or creative agencies seeking to establish a long-term presence in a developing commercial corridor. Proximity to local infrastructure ensures accessibility for employees and clients throughout the region. Investors and business owners will find this property capable of supporting a variety of functional configurations as market needs evolve. Its location offers strategic utility for those looking to expand within the greater metro area.

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NOI
$80,000
Cap Rate
8.01%
DSCR
1.35
Strong
Cash-on-Cash
6.90%
Monthly Payment
$4,942.507
Annual Cash Flow
$20,689.917

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