Class A Distribution
For Sale
Contact for pricing
3235 Prairie Valley Ct SW, Cedar Rapids, IA 52404
Modern industrial facility with climate control, tilt-up construction, and existing pallet racking.
Property Size205,013 SF
Lot Size16.44 Acres
Price / SF$129.19
Days on Market235
Property Features for 3235 Prairie Valley Ct SW
General Information
Standard status
Active
Size
205,013 SF
Class
Class A
Lot size
16.44 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
31 ft
Warehouse Space
205,013 SF
Conditioned Warehouse
Yes
Building Details
Year Built
2016
Building Size
205,013 SF
Construction
tilt-up concrete
Properties For Sale
at 3235 Prairie Valley Ct SW Contact us- Floor
- 1
- Size
- 158,681 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Industrial Distribution Facility for Lease or Sale
LOCATION OVERVIEW
Strategically sited at the intersection of Hwy 30 and Edgewood...
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Listing Agency:
GLD Commercial
(319) 731-3411
Listed By:
Dave Drown · License #B43857000
Source:
Moodyscre
Added: Jan 7
Changed: Aug 30
Last Checked: Aug 30 at 8:05AM
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 modern Class A distribution facility was built in 2016 with full-height tilt-up concrete panels, 31-foot clear sidewalls, and stacking capacity up to 28 feet. The building is fully heated and air conditioned, with existing pallet racking available for separate purchase. The property includes 16.44 acres, providing substantial land area for distribution, logistics, or light manufacturing operations.
The facility is positioned at the intersection of Hwy 30 and Edgewood Rd SW in southwest Cedar Rapids, with a reported three-minute drive to I-380. Its combination of modern construction, climate-controlled space, and established warehouse improvements supports a range of industrial operating requirements.
The facility is positioned at the intersection of Hwy 30 and Edgewood Rd SW in southwest Cedar Rapids, with a reported three-minute drive to I-380. Its combination of modern construction, climate-controlled space, and established warehouse improvements supports a range of industrial operating requirements.
Key Highlights
- 16.44‑acre industrial property in southwest Cedar Rapids
- 31' clear sidewalls with stacking up to 28'
- Fully heated and air conditioned
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,010,288
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,205,760
$20.2M
Cap Rate 7%
$14,432,686
$14.4M
Cap Rate 9%
$11,225,422
$11.2M
Market Conditions
NOI Build-Up for 158,681 SF
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.
Gross rent
$1.24M $7.80/SF
− Vacancy
−$49.1K −$0.31/SF
EGI
$1.19M $7.49/SF
− OpEx
−$178.3K −$1.12/SF
NOI
$1.01M $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,205,760
Cap Rate 7%
$14,432,686
Cap Rate 9%
$11,225,422
Alternative Uses
Best Use
Warehouse
$14.43M
$12.63M – $16.84M
NOI $1,010,288 @ 7.0% cap · market cap 4.93%
Second Best
Industrial
$11.89M
$10.40M – $13.87M
NOI $832,002 @ 7.0% cap · market cap 4.06%
Theoretical Best
Specialty Retail
$22.97M
$20.10M – $26.79M
NOI $1,607,636 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
31 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 52404, IA
43,385
Population
19,923
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
767
Density / Sq Mi
$62,304
Median Household Income
$38,865
Median Earnings
$885
Median Rent
$159,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Modern industrial facility with climate control, tilt-up construction, and existing pallet racking.
Where is this distribution center located?
The property is located at 3235 Prairie Valley Ct SW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $20,500,000.
What are key features of this property?
This property features: 16.44‑acre industrial property in southwest Cedar Rapids; 31' clear sidewalls with stacking up to 28'; Fully heated and air conditioned
