Net-Leased Industrial
For Sale
$1,861,000
Pending
6430 4th Street SW, Cedar Rapids, IA 52404
Single-tenant, fully conditioned warehouse with dock and overhead doors, 20'–21' clear sidewalls, and off-street parking.
Property Size16,920 SF
Days on Market203
Property Features for 6430 4th Street SW
General Information
Standard status
Pending
Size
16,920 SF
Property subtype
Commercial
Zoning
Lt Ind
Taxes and HOA fees
Annual Taxes
$37,489
Amenities
Carpet,Concrete
Yes
No
Building,Land
Public
1.46
63598
Off Street
Building Details
Year Built
2004
Listing Agency:
GLD Commercial Real Estate Advisors
(319) 393-0900
Listed By:
Karrie Schultz · License #B63691000
(319) 540-1281
Source:
Pinnaclerealtyia
Added: Mar 26
Changed: Oct 4
Last Checked: Oct 12 at 5:21PM
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 Real Estate Advisors
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,855
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,357,100
$2.4M
Cap Rate 7%
$1,683,643
$1.7M
Cap Rate 9%
$1,309,500
$1.3M
Market Conditions
NOI Build-Up for 16,920 SF
Gross rent
$192.9K $11.40/SF
− Vacancy
−$11.6K −$0.68/SF
EGI
$181.3K $10.72/SF
− OpEx
−$63.5K −$3.75/SF
NOI
$117.9K $6.97/SF
Area
Cedar Rapids, IA
Vacancy
6.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,357,100
Cap Rate 7%
$1,683,643
Cap Rate 9%
$1,309,500
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
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Frequently Asked Questions
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 Street 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
