Newer Warehouse
For Sale
$230,000
1650 Commercial Dr Unit 203, Cedar Rapids, IA 52351
Warehouse space in a 2022-built commercial property.
Property Size2,400 SF
Price / SF$95.83
Days on Market121
Property Features for 1650 Commercial Dr Unit 203
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Building Details
Year Built
2022
Abandoned
No
Listing Agency:
Pinnacle Realty
Listed By:
Trev Adair · License #322502720
(319) 350-9476
Source:
Desmoineshomesforsale
Added: Jun 16
Changed: Oct 7
Last Checked: Oct 12 at 7:59PM
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 Pinnacle Realty
Investment Insights
Based on property information with market context.
This warehouse offering is identified as Unit 203 within a commercial property constructed in 2022. The property is located at 1650 Commercial Drive in Walford, Iowa.
Key Highlights
- Unit 203 at 1650 Commercial Drive, Walford, IA 52351
- Constructed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,280
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,600
$305.6K
Cap Rate 7%
$218,286
$218.3K
Cap Rate 9%
$169,778
$169.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$18.7K $7.80/SF
− Vacancy
−$743 −$0.31/SF
EGI
$18.0K $7.49/SF
− OpEx
−$2.7K −$1.12/SF
NOI
$15.3K $6.37/SF
Area
Cedar Rapids, IA
Vacancy
3.97%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,600
Cap Rate 7%
$218,286
Cap Rate 9%
$169,778
Alternative Uses
Best Use
Warehouse
$218.3K
$191.0K – $254.7K
NOI $15,280 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$347.4K
$303.9K – $405.3K
NOI $24,315 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52351, IA
1,380
Population
477
Households
2.9
Avg Household Size
40
Median Age
34%
College-Educated
97%
High-School Grad
1.8 sq mi
ZIP Area
767
Density / Sq Mi
$116,477
Median Household Income
$58,500
Median Earnings
$274,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse space in a 2022-built commercial property.
Where is this warehouse located?
The property is located at 1650 Commercial Dr Unit 203 Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Unit 203 at 1650 Commercial Drive, Walford, IA 52351; Constructed in 2022
