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    255 Classic Car Ct SW Cedar Rapids, IA 52404

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    For Sale
    $545,000

    Fully leased flex building with established tenants and highway visibility.

    Property size:
    4,800 SF
    Lot size:
    0.92 Acres

    Property Features for 255 Classic Car Ct SW

    General Information

    Size
    4,800 SF
    Lot size
    0.92 Acres

    Source: GLD Commercial Agent Angie Glick

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

    Overview

    Leased Industrial Investment Opportunity

    Located in southwest Cedar Rapids, 255 Classic Car Ct SW is a fully leased industrial investment opportunity. The 4,800 SF flex building is 100% occupied by two established tenants: JetSet Automotive/Duffy’s Classic Cars, which recently signed a new 5-year lease with annual rent increases, and Keenan Auto, secured on a new 10-year term. The property features four drive-in bays and prominent monument signage along a corridor long associated with the automotive industry. The property has excellent visibility from I-380 and quick access to both Highway 30 and I-380.
    Insight Report Location Intelligence

    Current Use by Public Records

    Car Crafters Auto Body Shop Full Spec Tint Window Tinting Service Keenan Family Auto ... Auto Repair Shop U-Haul Neighborhood Dealer Trailer Rental Service

    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

    319 Motors, U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6684257
    Latitude
    41.9423298

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    FAQs

    What type of property is this?
    Automotive property - Fully leased flex building with established tenants and highway visibility.
    Where is this automotive property located?
    The property is located at 255 Classic Car Ct SW Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: - Fully leased industrial investment opportunity with two established tenants.; - New 5-year lease with annual rent increases for one tenant (JetSet Automotive/Duffy’s Classic Cars).; - New 10-year lease term for the second tenant (Keenan Auto).
    (319) 731-3400
    Request Owner's contact information
    255 Classic Car 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
    255 Classic Car Ct SW Cedar Rapids, IA 52404
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