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Property profile & analytics
OFF-MARKET
Estimated value
$12,115,000
Warehouses
2575 60th SW Ave Cedar Rapids, IA 52404-4898
Entity Owned
Free & Clear
Property ID
US25-2430032
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
STEEL FRAME
Total area
149,713 SF
Lot
22.44 ac (977,486 SF)
APN
19-18-1-26-004-0-0000
UPID
US25-2430032
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
$14.67M
Comparable Approach
Comparable
$10.30M
Blend (final)
Blend
$12.12M
Owner & transaction history
DIAMOND V MILLS INC
DIAMOND V MILLS INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$16.0M
+106.9%
Medical building
$15.0M
+93.7%
Retail stores
$12.3M
+59.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cedar Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Rapids submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,885,000
6.5%
$14,665,000
7%
$13,615,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,720,000
Current use
AUTO REPAIR, GARAGE
$15,970,000
Change: +107% · Conversion: Easy
MEDICAL BUILDING
$14,950,000
Change: +94% · Conversion: Difficult
RETAIL STORES
$12,320,000
Change: +60% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$12,270,000
Change: +59% · Conversion: Moderate
OFFICE BUILDING
$11,690,000
Change: +51% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,550,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$12.12M
Range $10.90M – $13.33M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$81 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$689,530
Tax year 2023
Assessed value
$18,809,200
Assessed 2024
Previous assessed
$18,809,200
+0.0% YoY
Effective rate
3.67%
On assessed value
Assessed land
$1,082,200
Assessed improvement
$17,727,000
Land market value
$1,082,200
Improvement market value
$17,727,000
Total market value
$18,809,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
1
Total area
149,713 SF
Lot
22.44 ac (977,486 SF)
APN
19-18-1-26-004-0-0000
UPID
US25-2430032
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$16.0M
MEDICAL BUILDING
Est. value
$15.0M
RETAIL STORES
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.3M
OFFICE BUILDING
Est. value
$11.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
3
Lot
22.44 ac
Current owner
From public records · entity-resolved
DIAMOND V MILLS INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 74570, CEDAR RAPIDS, IA 52407-4570
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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