1 Innovation Dr Cedar Rapids, IA 52404
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.