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Property profile & analytics
OFF-MARKET
Land

1 Innovation Dr Cedar Rapids, IA 52404

289 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 289-acre site, located in Cedar Rapids, Iowa, presents a unique opportunity for industrial development. Situated at Lot 1 Innovation Drive SW, 52404, Linn County, this property boasts a General Industrial zoning designation, making it ideal for a wide range of industrial uses. The land is pad-ready, offering significant advantages to developers. All necessary entitlement work, including zoning, is already completed, streamlining the development process and saving valuable time and resources. The asking price includes comprehensive site preparation, encompassing mass grading, utility installation, road infrastructure construction, and the development of regional detention facilities. Up to 115 acres are currently available for immediate development. Construction of the mass grading is scheduled to commence in Spring 2023, further accelerating the project timeline. The property's convenient location provides immediate access to Interstate 380 via Innovation Drive, ensuring excellent connectivity and logistical efficiency. The property's APN is 192017600300000. This is a truly exceptional opportunity to acquire a fully prepared industrial site in a thriving location.

Property profile
Verified
Property type Land
Lot 289 ac (12,588,840 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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