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    Flex Building with Warehouse Doors Title is generated by Realmo AI

    1620 W Post Road SW, Cedar Rapids, IA 52404

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    COMMERCIAL - Cedar Rapids, IA

    Type:Office
    Property size:
    4,420 SF
    Lot size:
    0.78 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 2 at 6:06 pm

    Property Features for 1620 W Post Road SW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    Sub MU
    Standard status
    Active
    APN
    13351-26013-00000
    Size
    4,420 SF
    Lot size
    0.78 Acres

    Taxes and HOA fees

    Tax Description
    LANDS S 114.13' N 454.02' W 300' E 360' NE NW NE STR/LB 35 83 8
    Tax Annual Amount
    7834

    Building Details

    Year built
    1984
    Flooring type
    Concrete
    Building materials
    Frame, Pole
    Roof type
    Metal

    We can help!

    Listing Contact
    Rick Povey

    Listing agent Rick Povey

    Listing office Realty87 5408 BLAIRS FOREST WAY NE, Cedar Rapids, IA

    Listing date Jun 2, 2026

    MLS# 2603889

    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.

    HighLights

    • Gross monthly lease available with gas, electric, and water/city sewer included
    • 1984‑built building with metal roof and concrete flooring
    • 720 SF office space with 2 private offices, reception/lobby, breakroom, and restroom
    • 2,100 SF heated warehouse with two 10' x 12' overhead doors
    • Secured fenced lot with motorized gate for added on‑site security

    Overview

    This flex building offers a functional mix of office and warehouse space for owner-operators and businesses that need both customer-facing work areas and day-to-day storage or processing. The property includes 720 SF of office space with two private offices, a reception or lobby area, a breakroom, and a restroom. The attached 2,100 SF heated warehouse features 10’ x 12’ overhead doors for straightforward move-in and equipment access. Additional exterior security is supported by a secured, fenced lot with a motorized gate.

    Access and site practicality are built into the layout, with the secured fenced area providing controlled entry for vehicles and deliveries. The warehouse portion is designed for use requiring overhead door access, while the office improvements support routine administrative needs on-site. The property is offered with utilities covered on a gross monthly basis, including gas, electric, and water/city sewer.

    With its heated warehouse, overhead door access, and dedicated office suite, this property is a strong fit for light industrial, distribution, or service-oriented tenants looking for a single location that supports both operations and office functions. The secured yard makes it particularly appealing for businesses that require tighter control over onsite staging and storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.7410589
    Latitude
    41.9629334

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    FAQs

    What type of property is this?
    Flex space - Flexible space with heated warehouse, secure fenced lot, and a heated office area suited for operations needing on-site storage.
    Where is this flex space located?
    The property is located at 1620 W Post Road SW Cedar Rapids, IA.
    What are key features of this property?
    This property features: Gross monthly lease available with gas, electric, and water/city sewer included; 1984‑built building with metal roof and concrete flooring; 720 SF office space with 2 private offices, reception/lobby, breakroom, and restroom
    (319) 367-8760
    We can help!
    Listing Contact
    Rick Povey
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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.

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    1620 W Post Road SW, Cedar Rapids, IA 52404
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