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    3215 64Th Avenue Ct Cedar Rapids, IA 52404

    For Sale
    $19,285,000

    Modern Distribution Center, Cedar Rapids

    Property size:
    203,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 203,840-square-foot distribution center, built in 2021, is situated on an 18.22-acre lot in Cedar Rapids, Iowa. The single-story building boasts a 36-foot clear ceiling height, ideal for efficient warehousing and logistics operations. The property features 48 loading docks, two overhead doors, and a 60-foot speed bay, ensuring smooth and efficient material handling. Column spacing is 56 feet by 50 feet, providing ample room for storage and maneuvering. The building is equipped with an ESFR sprinkler system and 480-volt, 3-phase electrical service, meeting the highest safety and operational standards. Zoned for general industrial use, this property benefits from its strategic location, offering convenient access to major transportation arteries. It's just three minutes from the Eastern Iowa Airport, two minutes from the Highway 30/Edgewood Road interchange, and five minutes from the I-380/Airport interchange at Wright Bros Blvd SW. The property's proximity to the new $576 million Google data center further enhances its value and potential for future growth within a rapidly developing area of southwest Cedar Rapids. The asking price for this turnkey operation is $19,285,000, and the sale is offered under a NNN lease type. The property's APN is 19182-52004-00000.

    Property Features for 3215 64Th Avenue Ct

    General Information

    Property type
    Distribution properties
    Square Feet
    203,840 SF
    Lot Size
    793,663 SF

    Building Details

    Year Built
    2021
    Buildings
    1
    Stories
    1

    HighLights

    • New construction precast concrete warehouse.
    • 48 dock‑high doors and 2 drive‑in doors.
    • Excellent highway access: 2 miles to Highway 30 and 3 miles to I‑380.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.713115
    Latitude
    41.914129

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    FAQs

    What type of property is this?
    Distribution property - Modern Distribution Center, Cedar Rapids
    Where is this distribution property located?
    The property is located at 3215 64Th Avenue Ct Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $19,285,000.
    What are key features of this property?
    This property features: New construction precast concrete warehouse.; 48 dock-high doors and 2 drive-in doors.; Excellent highway access: 2 miles to Highway 30 and 3 miles to I-380.
    Request Owner's contact information
    3215 64Th Avenue Ct Cedar Rapids, IA 52404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3215 64Th Avenue Ct Cedar Rapids, IA 52404
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