www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
20173976
20173975

135 80th St, Fairfax, IA 52228

AG
IA IA B64683000
GLD Commercial Real Estate Advisors
RW
IA S71287000
GLD Commercial Real Estate Advisors
Listed by GLD Commercial Real Estate Advisors
$450,000
869 days on market
Updated 2 days ago

135 80th St #1

Details
APN 20102-52013-01000
Property Type Office
Sub Type Medical Office, Veterinary Clinic
Square Footage 3,055
Cap Rate 9%
NOI $40,479
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $147
Year Built 2010
Buildings 1
Stories 1
Acreage 0.690
Zoning C2, Highway Commercial
Investment Type Sale/Leaseback
Sale Condition Sale for leaseback

Sale Leaseback, Established DVM

Marketing description

Sale-leaseback opportunity with a well-established veterinary clinic tenant. The owner will sign a 3-year lease at $13.95/SF NNN and cover the HOA fees and property taxes. Recent updates include a new roof installed in 2025 with a 30-year warranty and new siding scheduled for completion in the spring of 2026. The property is part of a commercial condominium association, with HOA fees covering insurance, trash, lawn care, and snow removal. Conveniently located in Fairfax—an established bedroom community near Cedar Rapids—just an 8-minute drive to I-380 for quick access to the metro area. Cedar Rapids has an approximate population of 276,000 residents with a median age of 37. Contact listing agents for further details.

Investment highlights

  • Creditworthy Tenant

  • Unusual sale leaseback opportunity under $500,000

  • Stress-free ownership with minimal involvement

Listing Contacts

AG
IA IA B64683000
GLD Commercial Real Estate Advisors
RW
IA S71287000
GLD Commercial Real Estate Advisors
Listed by GLD Commercial Real Estate Advisors

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,479.00
$3,373.25/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Angie Glick-Martin
License
IA B64683000
Brokerage
GLD Commercial
Brokerage Phone
3197313400
Title
Principal
Name
Rachel Waters
License
S71287000
Brokerage
GLD Commercial
Brokerage Phone
319-731-3400
Title
Agent Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591