1850 Commercial Dr Walford, IA 52351-5472
Property profile & analytics
1850 Commercial Dr Walford, IA 52351-5472
- Warehouses
- 9,608 SF
- 1.16 lot acres
Property ID
US25-0389525
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- ATC RV Center / Car Dealership
Property Details for 1850 Commercial Dr
- Year built
- 2013
- Lot size
- 1.16 lot acres
- Property size
- 9,608 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 20302-02014-00000
- APU
- 203020201400000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $588,000
Market price range: $308k - $684k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $495,000 Current use
- AUTO REPAIR, GARAGE
- $1,025,000 Change: +108% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $985,000 Change: +100% Conversion: Moderate
- MEDICAL BUILDING
- $960,000 Change: +95% Conversion: Difficult
- RETAIL STORES
- $775,000 Change: +57% Conversion: Moderate
- OFFICE BUILDING
- $760,000 Change: +54% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $605,000 Change: +23% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Walford
- County
- Linn
- State
- Iowa
- Longitude
- -91.8253
- Latitude
- 41.8906
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,216
$112,300
$476,300
$588,600
-
$112,300
$476,300
$588,600
