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    Leased Industrial Investment Opportunity Title is generated by Realmo AI

    255 Classic Car Ct SW, Cedar Rapids, IA

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    Fully leased flex building with established tenants and highway visibility.

    Type:RETAIL
    Property size:
    4,800 SF
    Lot size:
    0.92 Acres
    Price / SF:
    $113/SF
    Added:
    Oct 23, 2025
    Days on Market:
    235
    Last Refresh:
    May 19 at 9:00 pm

    Property Features for 255 Classic Car Ct SW

    General Information

    Standard status
    Active
    Size
    4,800 SF
    Lot size
    0.92 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Angie Glick
    Angie Glick

    Listing agent Angie Glick

    Listing office GLD Commercial

    Listing date Oct 23, 2025

    Source Moodyscre

    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

    HighLights

    • 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).
    • Excellent visibility from I‑380.
    • 8.36% Cap Rate.
    • Four drive‑in bays.

    Overview

    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.

    Local Financial Insights For Retail

    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 $70.3k $14.64
    − Vacancy −$5.4k −$1.13
    EGI $64.8k $13.51
    − OpEx −$19.5k −$4.05
    NOI $45.4k $9.46
    4,800 SF · lease $14.64/SF/yr · vacancy 7.73% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $648.4K
    $567.4K – $756.5K (±1% cap)
    NOI $45,388 @ 7.0% cap · market cap 8.33%
    Second Best
    Flex RnD
    $477.6K
    $417.9K – $557.2K (±1% cap)
    NOI $33,434 @ 7.0% cap · market cap 6.13%
    Theoretical Best
    Specialty Retail
    $694.7K
    $607.9K – $810.5K (±1% cap)
    NOI $48,630 @ 7.0% cap · market cap 8.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Car Crafters Auto Repair Shop Full Spec Tint Interior Design Keenan Family Auto ... Auto Repair Shop U-Haul Neighborhood Dealer Car Rental Facility

    Suggested Use

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

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

    Similar Places Nearby

    • 319 Motors — 2702 6th St SW, Cedar Rapids, IA 52404
    • U-Haul Neighborhood Dealer — 255 Classic Car Ct SW Unit 3, Cedar Rapids, IA 52404

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6684
    Latitude
    41.9423

    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 Call to check price and availability
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