255 Classic Car Ct SW, Cedar Rapids, IA
Fully leased flex building with established tenants and highway visibility.
- 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
Listing agent Angie Glick
Listing office GLD Commercial (319) 731-3400
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
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 |
Alternative Uses
Current Use by Public Records
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