Two-Building Warehouse
2597 Marak Court NW, Cedar Rapids, IA 52338
For Sale
New
$4,000,000
CommercialSale, Cedar Rapids, IA
Property Size20,000 SF
Lot Size4.00 Acres
Price / SF$200
Days on Market2
Property Features for 2597 Marak Court NW
General Information
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Additional Details
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Taxes and HOA fees
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Building Details
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Building materials
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Buildings
Listing Agency:
Developers Realty Group LLC
(515) 779-7200
Listed By:
Dorrance Brezina · License IA B09260
(515) 778-0787
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 752871
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The property includes two metal warehouse buildings and a separate office. The 9,720-square-foot first warehouse dates to 2004 and has four powered overhead doors, each 16 feet wide by 14 feet high. The 9,920-square-foot second warehouse was built in 2010 and has an 18-foot height. It also has four powered overhead doors measuring 16 feet wide by 14 feet high. An 8-inch reinforced concrete shop floor is heated, with four heating zones.
The 2,160-square-foot office was constructed in 2010 and has a full basement, combination forced-air heat and air conditioning, and brick veneer over wood framing. The property occupies 4 acres and is served by a 440-foot well and septic system. Geothermal heating and cooling are listed for the property.
The 2,160-square-foot office was constructed in 2010 and has a full basement, combination forced-air heat and air conditioning, and brick veneer over wood framing. The property occupies 4 acres and is served by a 440-foot well and septic system. Geothermal heating and cooling are listed for the property.
Key Highlights
- Two warehouses totaling 19,640 square feet, built in 2004 and 2010
- Four 16‑foot‑wide by 14‑foot‑high powered overhead doors at each warehouse
- 9,920‑square‑foot warehouse with 18‑foot height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,336
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,546,720
$2.5M
Cap Rate 7%
$1,819,086
$1.8M
Cap Rate 9%
$1,414,844
$1.4M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$156.0K $7.80/SF
− Vacancy
−$6.2K −$0.31/SF
EGI
$149.8K $7.49/SF
− OpEx
−$22.5K −$1.12/SF
NOI
$127.3K $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%
$2,546,720
Cap Rate 7%
$1,819,086
Cap Rate 9%
$1,414,844
Alternative Uses
Best Use
Warehouse
$1.82M
$1.59M – $2.12M
NOI $127,336 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.89M
$2.53M – $3.38M
NOI $202,625 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 52338, IA
3,457
Population
1,380
Households
2.5
Avg Household Size
45
Median Age
44%
College-Educated
98%
High-School Grad
33.4 sq mi
ZIP Area
104
Density / Sq Mi
$124,357
Median Household Income
$58,253
Median Earnings
$1,067
Median Rent
$384,600
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Cedar Rapids, IA
Properties on Market for Warehouses in Cedar Rapids
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Cedar Ridge Storage — 2716 140th St NE, Swisher, IA 52338
Frequently Asked Questions
What type of property is this?
Warehouse - A separate office component includes climate control and a full basement alongside the warehouse buildings.
Where is this warehouse located?
The property is located at 2597 Marak Court NW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Two warehouses totaling 19,640 square feet, built in 2004 and 2010; Four 16‑foot‑wide by 14‑foot‑high powered overhead doors at each warehouse; 9,920‑square‑foot warehouse with 18‑foot height
