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    423 Southgate Ct SW Cedar Rapids, IA 52404

    For Lease
    $6 SF/Yr

    Industrial property with renovated office space and outdoor truck parking.

    Property size:
    104,040 SF
    Lot size:
    5.89 Acres

    Property Features for 423 Southgate Ct SW

    General Information

    Size
    104,040 SF
    Lot size
    5.89 Acres

    Source: GLD Commercial Agent Angie Glick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Industrial Property with Truck Parking

    Available for lease is an industrial property offering between 50,000 and 104,040 square feet, situated on 5.87 acres. The property includes nearly 1.5 acres of outdoor truck parking. It features 20 sidewalls, 25 column spacing, and a 17 clear height. The building is equipped with 11 docks, 1 drive-in door, a wet sprinkler system, a Positive Air System, automatic LED lighting, and a backup generator. The property also provides 3,800 square feet of fully renovated office space. The building underwent a complete renovation in 2023. Located in Cedar Rapids, Iowa, the property is strategically located within a three minute drive to both I-380 and Highway 30. Flexible leasing options are available, and the landlord is willing to demise the space to 50,000 square feet. Also available for sublease is a space offering between 40,000 and 100,496 square feet. This is a sublease opportunity ideal for logistics warehousing and distribution.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warepak Corporation Software Company

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Southgate Self Storage, Kenwood Records Management, Bjornsen Investment, Prairie Oaks Storage Units, Advantage Companies

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6728974
    Latitude
    41.9409154

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    FAQs

    What type of property is this?
    Warehouse - Industrial property with renovated office space and outdoor truck parking.
    Where is this warehouse located?
    The property is located at 423 Southgate Ct SW Cedar Rapids, IA.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - Up to 204,536 SF of combined available space, suitable for logistics warehousing and distribution.; - Strategic location with quick access to I-380 and Highway 30.; - Flexible leasing options, including the possibility to demise space down to 50,000 SF.
    (319) 731-3400
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    423 Southgate Ct SW Cedar Rapids, IA 52404
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    Cedar Rapids, IA 52404
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    Realmo Value Estimation

    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.

    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.

    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
    423 Southgate Ct SW Cedar Rapids, IA 52404
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