1308 Adair Ct SW Cedar Rapids, IA 52404
COMMERCIAL - Cedar Rapids, IA
Property Features for 1308 Adair Ct SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- Com
- Standard status
- Active
- APN
- 192920101900000
- Size
- 43,380 SF
- Lot size
- 3.49 Acres
Taxes and HOA fees
- Tax Description
- IOWA DEVELOPMENT 1ST LOTS 4 & 5
- Tax Annual Amount
- 204
Building Details
- Year built
- 2025
- Flooring type
- Concrete
Listing agent Trev Adair License #322502720 (319) 350-9476
Listing office Pinnacle Realty LLC 1110 Dina Ct Suite A, Cedar Rapids, IA (319) 393-0900
Listing date Jul 14, 2026
Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is strategically located next to Eastern Iowa Airport, providing straightforward access for storage users traveling to and from the area.
For sale as a turnkey opportunity, the facility is offered as an ownership of the entire complex, with current rental income in place across the occupied units.
Key Highlights
- First class storage facility under construction with YearBuilt 2025
- 168 total storage units: 91 units at $135/month (10x30) and 69 units at $165/month (14x40, w/o electricity)
- 14x40 units with electricity: 5 units at $325/month and 3 occupied units at $650/month
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $572.6k | $13.20 |
| − Vacancy | −$45.8k | −$1.06 |
| EGI | $526.8k | $12.14 |
| − OpEx | −$158.0k | −$3.64 |
| NOI | $368.8k | $8.50 |
