Net-Leased Industrial
6430 4th St SW Cedar Rapids, IA 52404
New
6430 4th St SW, Cedar Rapids, IA, 52404
$1,861,000
For Sale
$1,861,000
Single-tenant, fully conditioned warehouse with dock and overhead doors, 20'–21' clear sidewalls, and off-street parking.
Property Size16,920 SF
Price / SF$109.99
Days on Market2
Property Features for 6430 4th St SW
General Information
- Standard status
- Active
- Size
- 16,920 SF
Building Details
- Year Built
- 2004
Listing agency
SKOGMAN REALTY COMMERCIAL
(319) 360-8577
Listed by
Doug Laird
Source
Kwlegacyrealty
Added: Jul 21 Updated: Jul 22 at 8:03AM Checked: Jul 22 at 8:03AM
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 SKOGMAN REALTY COMMERCIAL
Investment Insights
Based on property information with market context.
This single-tenant, net-leased industrial warehouse offers a fully conditioned interior with heat and AC. The building features 20' and 21' clear span steel sidewalls, a standing seam steel roof, and a functional loading setup with one 10' semi-loading dock door and one 14' overhead door. Off-street parking is available with 22 spaces.
The property is described as being in an industrial neighborhood south of Highway 30 and west of I-380, providing practical access for warehouse operations.
The lease is in place until 12/31/2027, with an option for the tenant to extend the lease until 2030. The listing notes a 4% annual base rent escalation, with current base rent stated in the offering materials.
The property is described as being in an industrial neighborhood south of Highway 30 and west of I-380, providing practical access for warehouse operations.
The lease is in place until 12/31/2027, with an option for the tenant to extend the lease until 2030. The listing notes a 4% annual base rent escalation, with current base rent stated in the offering materials.
Key Highlights
- 16,920 SF single‑tenant net‑leased property leased through 12/31/2027
- Tenant option to extend the lease until 2030; current base rent is $137,280/yr with 4% annual base rent escalations
- Fully conditioned with heat and AC throughout the building
Local Financial Insights For Flex RnD
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 | $192.9k | $11.40 |
| − Vacancy | −$11.6k | −$0.68 |
| EGI | $181.3k | $10.72 |
| − OpEx | −$63.5k | −$3.75 |
| NOI | $117.9k | $6.97 |
16,920 SF · lease $11.40/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.68M
$1.47M – $1.96M
NOI $117,855 @ 7.0% cap · market cap 6.33%
Second Best
Warehouse
$1.54M
$1.35M – $1.80M
NOI $107,726 @ 7.0% cap · market cap 5.79%
Theoretical Best
Specialty Retail
$2.45M
$2.14M – $2.86M
NOI $171,421 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Master Packing & Rubber ...
Industrial Manufacturer
Similar For Sale Nearby
Similar Off Market Nearby
- Meatheads Smokehaus and Rentals — 198 Mayden Ave SW #5130, Cedar Rapids, IA 52404
FAQs
What type of property is this?
Flex space - Single-tenant, fully conditioned warehouse with dock and overhead doors, 20'–21' clear sidewalls, and off-street parking.
Where is this flex space located?
The property is located at 6430 4th St SW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $1,861,000.
What are key features of this property?
This property features: 16,920 SF single‑tenant net‑leased property leased through 12/31/2027; Tenant option to extend the lease until 2030; current base rent is $137,280/yr with 4% annual base rent escalations; Fully conditioned with heat and AC throughout the building
