Property profile

1850 Commercial Dr Walford, IA 52351

OFF-MARKET
Warehouses
Property ID
US25-0389525
9,608 SF 1.16 ac lot Built 2013
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses a prime 1.16-acre industrial property located at 1850 Commercial Drive, Walford, IA, just minutes from Cedar Rapids. The property boasts two buildings offering a versatile mix of uses ideal for owner-occupancy or investment. Building #1, totaling 5,704 square feet, comprises 4,864 square feet of heated shop space, perfect for various industrial operations. Four overhead doors (two 16' x 16' and two 14' x 14') provide ample access for equipment and materials. Additionally, this building includes retail/showroom space and a 840-square-foot mezzanine level featuring a breakroom, kitchenette, restroom, and extra office and storage areas. Building #2, a substantial 9,608 square feet, houses 20 self-storage units, each equipped with either 12' x 14' or 9' x 7' overhead doors. Many of the larger units include convenient exterior outlets. The entire property is securely enclosed by a fence and gate. The property offers a significant income stream from the self-storage units (rent roll available upon request). The possession date is flexible and negotiable. This property presents a rare opportunity to acquire a well-maintained, income-generating industrial complex in a desirable location. Don't miss out on this chance to own a versatile and profitable asset.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2013
Total area 9,608 SF
Lot 1.16 ac (50,530 SF)
APN 20302-02014-00000
UPID US25-0389525

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

1850 Commercial Dr Walford, IA 52351-5472
Walford metro Census 10700 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$588k
Blend (final) Blend
$645k

Owner & transaction history

since 2025
Last sale
$700,000
7 recorded transactions
2025
$700,000
2025
Price N/A
2015
$420,000
2013
Price N/A
2012
$235,000
2010
Price N/A
2008
$52,500

Zoning & alternative use

Top alternative use upside
Auto repair, garage $1.0M +108.0%
Neighborhood: shopping center $985,000 +100.2%
Medical building $960,000 +94.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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