Multi-Building Industrial
200 35th Street Dr Se Cedar Rapids, IA 52403
200 35th Street Dr Se, Cedar Rapids, IA, 52403
$3,250,000
For Sale
$3,250,000
Industrial complex with six buildings, office and warehouses, plus a central laydown lot totaling seven parcels.
Property Size43,330 SF
Lot Size11.69 Acres
Price / SF$75.01
Days on Market27
Property Features for 200 35th Street Dr Se
General Information
- Standard status
- Active
- Size
- 43,330 SF
- Lot size
- 11.69 Acres
Listing agency
GLD COMMERCIAL
(563) 542-8574
Listed by
Michael Gibbs
(563) 542-8574
Source
Exprealty
Added: Jun 26 Updated: Jul 22 at 2:04AM Checked: Jul 22 at 2:04AM
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 GLD COMMERCIAL
Investment Insights
Based on property information with market context.
This for-sale industrial complex includes six commercial buildings across seven parcels, totaling 11.69 acres at 200 35th Street Dr SE in Cedar Rapids, IA. Improvements include a large office building, a separate retail/distribution building, a maintenance shop, a 7,200 SF cold storage warehouse, a 15,800 SF manufacturing warehouse, and a large paint booth on site.
The site also features approximately 3.8 acres of laydown lot located in the middle of the property, supporting storage and staging needs alongside the warehouse and production-oriented components.
Parcel numbers included in the sale are 15052-52014-00000, 15052-52013-00000, 15052-52015-00000, 15052-52004-00000, 15052-52012-00000, 15052-52010-00000, and 15053-26008-00000. Please contact the listing agent for additional details and showings.
The site also features approximately 3.8 acres of laydown lot located in the middle of the property, supporting storage and staging needs alongside the warehouse and production-oriented components.
Parcel numbers included in the sale are 15052-52014-00000, 15052-52013-00000, 15052-52015-00000, 15052-52004-00000, 15052-52012-00000, 15052-52010-00000, and 15053-26008-00000. Please contact the listing agent for additional details and showings.
Key Highlights
- 11.69‑acre commercial/industrial complex in Marion with six commercial buildings across seven parcels
- Includes a large office building and a separate retail/distribution building
- 7,200 SF cold storage warehouse on site
Local Financial Insights For Industrial
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 | $338.0k | $7.80 |
| − Vacancy | −$13.4k | −$0.31 |
| EGI | $324.6k | $7.49 |
| − OpEx | −$97.4k | −$2.25 |
| NOI | $227.2k | $5.24 |
43,330 SF · lease $7.80/SF/yr · vacancy 3.97% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$4.31M
$3.77M – $5.03M
NOI $301,811 @ 7.0% cap · market cap 9.29%
Second Best
Industrial
$3.25M
$2.84M – $3.79M
NOI $227,190 @ 7.0% cap · market cap 6.99%
Theoretical Best
Specialty Retail
$6.27M
$5.49M – $7.32M
NOI $438,987 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jaybird Senior Living
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial complex with six buildings, office and warehouses, plus a central laydown lot totaling seven parcels.
Where is this flex space located?
The property is located at 200 35th Street Dr Se Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 11.69‑acre commercial/industrial complex in Marion with six commercial buildings across seven parcels; Includes a large office building and a separate retail/distribution building; 7,200 SF cold storage warehouse on site
