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Flex Industrial Warehouse with Office

1402 18th Street SW Cedar Rapids, IA 52404

Claim this Listing
New
For Sale
$850,000

Well-maintained flex warehouse includes a clear-span warehouse, two-level office, and paved outdoor storage yard.

Type:Commercial
Property size:
8,474 SF
Price / SF:
$100.31/SF
Added:
Jul 8, 2026
Days on Market:
6
Last Refresh:
Jul 13 at 2:15 am

Property Features for 1402 18th Street SW

General Information

Standard status
Active
Size
8,474 SF
Property subtype
Commercial

Building Details

Year Built
2006

Listing office IOWA REALTY COMMERCIAL

Listing date Jul 8, 2026

Source Pinnaclerealtyia

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

All listing content including descriptions, pricing, images are the copyrighted material of IOWA REALTY COMMERCIAL


Investment Insights

Based on property information with market context.

This well-maintained flex industrial warehouse offers functional warehouse space with a modern office component and paved outdoor storage. The clear-span warehouse measures 40 feet wide by 200 feet long, supported by an efficient open floor plan suited to operations that benefit from flexible interior layout. The building includes an outside loading dock and four overhead doors positioned around the building to support loading, unloading, and circulation. The office is built as a two-level space for administrative, dispatch, or customer-facing functions, depending on the tenant’s needs.

The property is located in Cedar Rapids’ southwest market at 1402 18th Street SW. A paved storage yard is available for fleet parking, materials, or equipment staging, providing practical support for day-to-day industrial workflows.

Overall, the building’s combination of clear-span warehouse space, multiple overhead doors, and on-site paved storage yard make it a straightforward option for distribution, light manufacturing, or service-oriented use requiring both warehouse space and office support.

Key Highlights

  • 8,474 SF well‑maintained flex industrial warehouse with clear‑span warehouse plus modern office and paved outdoor storage
  • 40‑ft wide by 200‑ft long clear span warehouse with functional open layout for distribution, light manufacturing, or service use
  • Loading dock plus 4 overhead doors positioned around the building for circulation and loading/unloading access

Local Financial Insights For Flex RnD

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 $96.6k $11.40
− Vacancy −$5.8k −$0.68
EGI $90.8k $10.72
− OpEx −$31.8k −$3.75
NOI $59.0k $6.97
8,474 SF · lease $11.40/SF/yr · vacancy 6.00% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$843.2K
$737.8K – $983.8K (±1% cap)
NOI $59,025 @ 7.0% cap · market cap 6.94%
Second Best
Warehouse
$770.7K
$674.4K – $899.2K (±1% cap)
NOI $53,952 @ 7.0% cap · market cap 6.35%
Theoretical Best
Specialty Retail
$1.23M
$1.07M – $1.43M (±1% cap)
NOI $85,852 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

DPI Quality Custom ... Painting Service

Suggested Use

Law Firm Spa & Massage Center Hair Salon Nail Salon Electrical Service Parking Lot & Garage Skin Care Clinic Barber Shop (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

Similar Off Market Nearby

  • Hy-Vee Catering — 1843 Johnson Ave NW Stop 1, Cedar Rapids, IA 52405

FAQs

What type of property is this?
Flex space - Well-maintained flex warehouse includes a clear-span warehouse, two-level office, and paved outdoor storage yard.
Where is this flex space located?
The property is located at 1402 18th Street SW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 8,474 SF well‑maintained flex industrial warehouse with clear‑span warehouse plus modern office and paved outdoor storage; 40‑ft wide by 200‑ft long clear span warehouse with functional open layout for distribution, light manufacturing, or service use; Loading dock plus 4 overhead doors positioned around the building for circulation and loading/unloading access
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