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    201 33Rd Street Dr Cedar Rapids, IA 52403

    For Lease
    $3 SF/Yr ($6,583 /Mo)

    Prime industrial space, ideal for distribution.

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This single-tenant industrial warehouse, located at 201 33rd St Dr SE in Cedar Rapids, IA, offers 20,000 square feet of space on a 3.59-acre lot. Built in 1978, the one-story building features a 15-20 foot ceiling height, making it suitable for various warehouse and manufacturing needs. The property boasts three loading docks with levelers and two 14' x 16' drive-in doors, ensuring efficient loading and unloading. The warehouse is equipped with 440-volt power (400 AMP, three-phase), providing ample power for industrial operations. A new metal roof protects the building, and a newly finished small office space is included within the warehouse. The expansive lot allows for ample outdoor storage or use. Additional features include LED lighting and zoning designated as T-MU. The minimum divisible space is 4,400 square feet, with a maximum contiguous space of 20,000 square feet. Currently, the entire 20,000 square feet is vacant and available. This cost-effective warehouse is conveniently located just off 1st Ave and 32nd Street Drive SE in Linn County, Iowa, zip code 52403. The property's APN is 141130500400000.

    Property Features for 201 33Rd Street Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Total Rate
    6583.33

    Building Details

    Year Built
    1978
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    20,000 SF
    Rate per SF
    $3

    HighLights

    • 20,000 SF single‑tenant industrial warehouse on a 3.59‑acre lot in Cedar Rapids, IA.
    • 1978 construction with 15‑20' ceiling height, suitable for warehouse/manufacturing.
    • Three loading docks with levelers and two drive‑in doors.
    • 440‑volt, 400 AMP, three‑phase power.
    • New metal roof and newly finished office space.
    • APN: 141130500400000, located at 201 33rd St Dr SE, Cedar Rapids, IA 52403.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -91.631891126255
    Latitude
    42.01110766525

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    FAQs

    What type of property is this?
    Distribution property - Prime industrial space, ideal for distribution.
    Where is this distribution property located?
    The property is located at 201 33Rd Street Dr Cedar Rapids, IA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: 20,000 SF single-tenant industrial warehouse on a 3.59-acre lot in Cedar Rapids, IA.; 1978 construction with 15-20' ceiling height, suitable for warehouse/manufacturing.; Three loading docks with levelers and two drive-in doors.
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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
    201 33Rd Street Dr Cedar Rapids, IA 52403
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