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Property profile & analytics
OFF-MARKET
Estimated value
$4,260,000
Warehouses
400 49th Ave SW Dr Cedar Rapids, IA 52404-4871
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0292905
Property summary
AI-generated overview
This Cedar Rapids, IA industrial property offers 210,000 total square feet of warehouse, distribution, and refrigerated/cold storage space in a single, one-story building constructed in 2001. The property sits on 13.2 acres of land and is zoned for general industrial use. Currently, 100,000 square feet is available, divisible down to 10,000 square feet, offering flexible options for tenants. The building boasts a 28-foot ceiling height, ten loading docks, and on-site trailer storage within a secured yard featuring a guard shack. The space is AIB-certified and USDA food-certified, suitable for food-grade or non-hazardous product storage. It also includes an ESFR sprinkler system and racked storage. Utilities are included in the lease rate. The property's strategic location near the Highway 30/I-380 cloverleaf provides excellent access to transportation networks. Third-party logistics (3PL) services are available under a separate contract, potentially including racked storage, advanced handling, 24/7 access and security, customized reporting, contract packaging, and transportation services. The property's Class C designation and Linn County location further enhance its appeal. The APN is 191020100500000.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
210,000 SF
Lot
13.2 ac (574,992 SF)
APN
19-10-2-01-005-0-0000
UPID
US25-0292905
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
Current use
Occupant on record · Public records
-
Worley Warehousing Inc Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.27M
Blend (final)
Blend
$4.26M
Owner & transaction history
Worls Ents Lc · 10 yrs held
Worls Ents Lc
since 2015
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.26M
Range $3.83M – $4.69M · ±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
$20 / 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
$313,976
Tax year 2023
Assessed value
$8,604,600
Assessed 2024
Previous assessed
$8,604,600
+0.0% YoY
Effective rate
3.65%
On assessed value
Assessed land
$817,500
Assessed improvement
$7,787,100
Land market value
$817,500
Improvement market value
$7,787,100
Total market value
$8,604,600
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
2001
Heating
NONE
Stories
1
Total area
210,000 SF
Lot
13.2 ac (574,992 SF)
APN
19-10-2-01-005-0-0000
UPID
US25-0292905
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
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
1
Lot
13.2 ac
Current owner
From public records · entity-resolved
Worls Ents Lc
Individual
Mailing address
417 1ST AVE SE, CEDAR RAPIDS, IA 52401-1309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2015
$7,775,000
Worls Ents Lc
All Iowa Property LLC
Warranty Deed
$9,100,000 · Wells Fargo Bk
Sep 30, 2015
—
All Iowae Property LLC
Conifer Land LLC
Warranty Deed
related
—
—
—
Spruce Land LLC
—
Deed Of Trust
related
$4,000,000 · Farmers State Bank
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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