Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5255 Rockwell Dr Cedar Rapids, IA 52402
    Back to Search
    Property profile & analytics

    5255 Rockwell Dr, Cedar Rapids, IA 52402

    View on Map
    • Warehouses
    • 100,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 5255 Rockwell Dr

    Year built
    1979
    Property type
    Warehouses
    Property subtype
    Specialty properties

    Description

    This exceptional Cedar Rapids, IA property at 5255 Rockwell Dr NE #4 offers 34,000 square feet of immediately available space within a 100,000 square foot building, divisible to a minimum of 12,000 square feet and up to a maximum contiguous space of 34,000 square feet. Built in 1979, this versatile property is zoned Ind-Lt and boasts a flexible layout suitable for a variety of uses, including warehouse, distribution, creative office, coworking, traditional office, manufacturing, or flex space. The building features two loading docks and three dock-high doors, providing efficient loading and unloading capabilities. Off-street parking is available for tenants. The property's strategic location directly across from the Collins Aerospace campus offers excellent visibility and accessibility. This expansive space presents a unique opportunity to customize a workspace or storage facility to perfectly meet your business needs. The property is currently multi-tenant occupied.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6495
    Latitude
    42.0326

    Comparable in this City

    • Value Estimation by Request

      4415 River Blvd

      Office Units
      4415 River Blvd, Cedar Rapids, IA 52402
      View Details
    • Value Estimation by Request
      2,202 SF

      1818 Blairs Fry NE Rd

      VETERINARY, ANIMAL HOSPITAL
      1818 Blairs Fry NE Rd, Cedar Rapids, IA 52402-5810
      View Details
    • Value Estimation by Request
      1,826 SF

      117 33rd NE St

      VETERINARY, ANIMAL HOSPITAL
      117 33rd NE St, Cedar Rapids, IA 52402-6013
      View Details
    • Value Estimation
      $1,360,000
      31,070 SF

      813 1st SE Ave

      CHARITABLE ORGANIZATION
      813 1st SE Ave, Cedar Rapids, IA 52402-5001
      View Details
    • Value Estimation by Request
      4,956 SF

      3224 1st NE Ave

      CHARITABLE ORGANIZATION
      3224 1st NE Ave, Cedar Rapids, IA 52402-6002
      View Details
    • Value Estimation by Request
      16,082 SF

      4200 1st NE Ave

      FUNERAL HOME
      4200 1st NE Ave, Cedar Rapids, IA 52402-3145
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      100,000 SF

      Versatile Commercial Space Near Collins

      12,000 SF commercial space near Collins Aerospace campus.
      5255 Rockwell Dr NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      63,200 SF

      Cedar Rapids Industrial Investment Opportunity

      Fully leased industrial property with strong tenant and tax abatement.
      2055 N Towne Ln NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      19,831 SF

      Class A Office & Lab

      Class A office and lab space with ample parking.
      1900 51St St NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing

      Corner Property with Redevelopment Potential

      High-visibility corner property with salon, office space, and redevelopment potential.
      3210 Center Point Rd Ne, Cedar Rapids, IA 52402
      View Details
    • $895,000
      4,836 SF

      Modern Commercial Space, Cedar Rapids

      Impressive commercial space built in 2017 with functional layout.
      450 Colton Cir NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      2,138 SF

      Retail/Office Suite on Blairs Ferry

      Second-generation retail/office suite available on Blairs Ferry Road NE.
      1146 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      First Floor Office Space Available

      Highly visible office space near 19th Street, SE.
      1847 1St Ave SE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      10,564 SF

      Class A Office Space Available

      Exceptional amenities in Northtowne Market development, Cedar Rapids, Iowa.
      1005 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      2,138 SF

      Blairs Ferry Road Retail/Office Suite

      Second generation retail or office suite on Blairs Ferry Road.
      1146 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      2,742 SF

      Office Space on 1st Avenue

      Convenient office space with ample parking and high visibility.
      4080 1St Ave NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing

      Mixed-Use Development Shell Space

      Shell space for lease in mixed-use development.
      916 16Th St NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing

      First Floor Office Suites Available

      Three office suites for lease with ample parking.
      6300 Rockwell Dr NE, Cedar Rapids, IA 52402
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5255 Rockwell Dr
    Cedar Rapids, IA 52402
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5255 Rockwell Dr, Cedar Rapids, IA, 52402
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!