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Property profile & analytics

405 1st SW Ave Cedar Rapids, IA 52405-3927

  • Industrial properties
  • 4,251 SF
  • 0.18 lot acres
OFF-MARKET
Value Estimations
$185,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US25-0386302
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.

Current Use by Public Records

  • Air Management / Air Filter Supplier
  • Gold Star Construction / Contractor

Property Details for 405 1st SW Ave

Year built
1940
Lot size
0.18 lot acres
Property size
4,251 SF
Property type
Industrial properties
APN
14-29-1-14-001-0-0000
APU
142911400100000

Description

This unique Cedar Rapids property at 405 1st Ave SW #A offers a combined 4,251 square feet of creative office and warehouse space. Built in 1940, the building features a desirable blend of adaptable office space and functional warehouse area, currently offering 2,125 square feet of vacant space for immediate occupancy. The property boasts a convenient drive-in overhead door located in the alley, providing easy access for loading and unloading. The office space includes a private restroom, adding to its functionality and privacy. The building is zoned Urb Form and is situated in Linn County, Iowa, with a highly visible location next to I-380 on 1st Avenue in the 52405 zip code. The property features 220-volt power, making it suitable for a variety of businesses. This is an exceptional opportunity for a small business seeking a convenient, visible, and cost-effective location in the heart of Cedar Rapids. The multiple tenancy structure allows for flexibility and potential for expansion. The APN is 142911400100000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $205,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $171,000
    Market price range: $97.4k - $319k
  • Alternative Use

    Use
    Estimation
    LUMBERYARD, BUILDING MATERIALS
    $215,000
    Current use
    AUTO REPAIR, GARAGE
    $275,000
    Change: +28% Conversion: Difficult
    OFFICE BUILDING
    $225,000
    Change: +5% Conversion: Difficult
    MEDICAL BUILDING
    $215,000
    WAREHOUSE, STORAGE
    $190,000
    Change: -11% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Cedar Rapids
County
Linn
State
Iowa
Longitude
-91.6771
Latitude
41.9748
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
$5,696
$45,600
$192,900
$238,500
-
$45,600
$192,900
$238,500
More about this property
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