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    34 43Rd Ave SW Cedar Rapids, IA 52404

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    Sponsored
    For Sale
    $1,450,000

    COMMERCIAL - Cedar Rapids, IA

    Type:Office
    Property size:
    22,520 SF
    Lot size:
    1.72 Acres
    Days on Market:
    14
    Last Refresh:
    Mar 12 at 1:06 pm

    Property Features for 34 43Rd Ave SW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    comm
    APN
    9044-76009-00000/9044-76010-00000
    Size
    22,520 SF
    Lot size
    1.72 Acres

    Building Details

    Year built
    2018
    Flooring type
    Concrete
    Building materials
    Frame, Pole
    Roof type
    Metal

    We can help!

    Listing Contact
    Christina Axvig
    Christina Axvig

    Coldwell Banker Hedges (319) 367-8760

    Listing agent Christina Axvig (319) 373-8709

    Listing date Feb 26, 2026

    MLS# 2508090

    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.

    Learn more

    Property Insight Report

    Overview

    Versatile Warehouse and Office Complex

    This commercial property in Cedar Rapids, Iowa, features a versatile warehouse facility with office space, totaling 22,520 square feet across multiple structures. The property, situated on a 1.72-acre lot, is zoned for commercial use. A separate 2,100 square foot office building, constructed in 2018, offers a modern workspace with the potential for westward expansion or reconfiguration to accommodate additional offices. The warehouse space totals 20,420 square feet and is divided into four sections. A 7,200 square foot pole frame warehouse and a 6,350 square foot pole frame warehouse, both built in 1979, are unheated. An additional 3,990 square foot pole frame warehouse, built in 1968, is also unheated. A 2,880 square foot steel frame warehouse, built in 1968, is heated and equipped with three-phase power. The warehouses feature 6-foot sidewalls and 14-foot overhead doors, except for the heated warehouse, which has 12-foot sidewalls and a 10-foot door. The property includes three loading docks with access off 43rd Avenue. The current owner utilizes the heated space as a semi-truck repair shop, while the remaining warehouse areas are vacant and ready for new uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turquoise Trucking Trucking Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Kenwood Records Management, Riley Moving and Storage, Prairie Oaks Storage Units, Steenhoek Ltd., Allied Van Lines

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.659346
    Latitude
    41.9360703

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    FAQs

    What type of property is this?
    Warehouse - 22,520 SF warehouse and office space in Cedar Rapids.
    Where is this warehouse located?
    The property is located at 34 43Rd Ave SW Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Over 22,500 SF of total space suitable for logistics, storage, or business growth.; - Includes a separate, modern **2,100 SF office building built in 2018.**; - Features a **2,880 SF heated steel frame warehouse with three-phase power.**
    (319) 367-8760
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    34 43Rd Ave SW 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.

    More about this property
    34 43Rd Ave SW Cedar Rapids, IA 52404
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    We can help!
    Listing Contact
    Christina Axvig
    Christina Axvig
    (319) 367-8760 (319) 378-8760 (319) 721-8351
    Learn more
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