Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    475 French Ct Cedar Rapids, IA 52404
    Back to Search
    Property profile & analytics

    475 French Ct Cedar Rapids, IA 52404

    View on Map
    • Land
    • 3.33 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 475 French Ct

    Lot size
    3.33 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 3.33-acre commercial and industrial land parcel presents a compelling investment opportunity in Cedar Rapids, Iowa. Strategically located just south of the Cedar Rapids Airport with convenient access to Interstate 380, this property boasts unparalleled connectivity for logistics and transportation businesses. The site is zoned for commercial and industrial use, providing flexibility for a wide range of business operations. All necessary utilities are readily available on-site, streamlining the development process and making it ideal for build-to-suit projects tailored to specific business needs. This location offers a significant strategic advantage, situated within a thriving industrial corridor experiencing robust growth. The property's proximity to major markets, including Cedar Rapids and Iowa City, coupled with easy access to regional transportation networks, ensures strong potential for future development and expansion. This prime location makes it an ideal investment for businesses seeking to establish a presence in a rapidly developing area of Linn County, Iowa, with the APN 19333-52002-00000. The asking price for this exceptional property is $689,011. The address is 475 French Ct SW, Cedar Rapids, IA 52404.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6735
    Latitude
    41.8624

    Comparable in this City

    • Value Estimation by Request
      153.29 Acres

      1065 Highway 965

      Land • 153.29 Acres
      1065 Highway 965, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      4.31 Acres

      10745 High Life Ct

      Distribution properties • 4.31 Acres
      10745 High Life Ct, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      20.69 Acres

      IA 52404 Cedar Rpd

      Land • 20.69 Acres
      IA 52404 Cedar Rpd, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      5.37 Acres

      IA 52404 Cedar Rpd

      Land • 5.37 Acres
      IA 52404 Cedar Rpd, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      2.41 Acres

      9825 Earhart Ln

      Land • 2.41 Acres
      9825 Earhart Ln, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      11.33 Acres

      Earhart Ln

      Land • 11.33 Acres
      0 Earhart Ln, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,766 SF

      Industrial Building with Outdoor Storage

      24,766 SF industrial building on 4.13 acres for sale.
      941 66Th Ave SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      0.50 Acres

      Westdale Town Center Commercial Lots

      Prime Cedar Rapids land, build-to-suit options.
      0 Edgewood Rd, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Land For Sale Cedar Rapids

      Land available in Cedar Rapids, Iowa.
      531 9Th St SW, Cedar Rapids, IA 52404
      View Details
    • $2,500,000
      24,766 SF

      Industrial Building with Outdoor Storage

      24,766 SF industrial building on 4.13 acres for sale.
      941 66Th Ave SW, Cedar Rapids, IA 52404
      View Details
    • $4,250,000
      43,380 SF

      Premium Self-Storage Facility For Sale

      New self-storage facility near Eastern Iowa Airport.
      1308 Adair Ct, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      23,501 SF

      Warehouse and Office Combo Opportunity

      Two-story office building and warehouse on 1.079 AC for sale.
      1010 2Nd Ave SW, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,850 SF

      Warehouse with Outside Storage

      Warehouse space with outside storage available for lease.
      1139 29Th Avenue Dr Southwest, Cedar Rapids, IA 52404
      View Details
    • $5 SF/Yr
      104,040 SF

      Renovated Industrial Property with Truck Parking

      Industrial property with renovated office space and outdoor truck parking.
      423 Southgate Ct SW, Cedar Rapids, IA 52404
      View Details
    • $5 SF/Yr
      100,496 SF

      Warehouse Space with Cooler

      Warehouse space with cooler and immediate interstate access available.
      413 Southgate Ct SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      10,157 SF

      Cedar Rapids Office/Warehouse Space

      Class A office/warehouse near Kirkwood Community College.
      1025 Kirkwood Pkwy SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Industrial Space for Lease

      9,500 SF industrial space available for lease.
      5203 16Th Ave SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Warehouse in Midwest Commerce Park

      Modern warehouse with high bay storage and convenient highway access.
      1155 Capital Dr SW, Cedar Rapids, IA 52404
      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.
    475 French Ct
    Cedar Rapids, IA 52404
    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
    475 French Ct, Cedar Rapids, IA, 52404
    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!