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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Manufacturing properties
4200 Thomas SW Dr, Cedar Rapids, IA 52404-5055
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0386759
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1975
Construction
STEEL FRAME
Total area
88,654 SF
Lot
20 ac (871,200 SF)
APN
19-03-3-76-002-0-0000
UPID
US25-0386759
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
-
Relco Locomotives Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$965k
Owner & transaction history
Relco Land Hldgs Of Cedar Rapids · 7 yrs held
Relco Land Hldgs Of Cedar Rapids
since 2019
7 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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,490,000
Current use
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$11 / 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
$134,276
Tax year 2023
Assessed value
$3,721,500
Assessed 2024
Previous assessed
$3,721,500
+0.0% YoY
Effective rate
3.61%
On assessed value
Assessed land
$1,037,500
Assessed improvement
$2,684,000
Land market value
$1,037,500
Improvement market value
$2,684,000
Total market value
$3,721,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
NONE
Buildings
4
Stories
1
Total area
88,654 SF
Lot
20 ac (871,200 SF)
APN
19-03-3-76-002-0-0000
UPID
US25-0386759
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
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
1975
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
4
Lot
20 ac
Current owner
From public records · entity-resolved
Relco Land Hldgs Of Cedar Rapids
Individual
Mailing address
2074 653RD AVE, ALBIA, IA 52531-8593
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2019
—
Relco Land Hldgs Of Cedar Rapids
—
Deed
related
$3,040,000 · Cedar Rapids Bk&tr
Feb 11, 2019
$3,700,000
Relco Land Hldgs Of Cedar Rapids
Universal Lc
Warranty Deed
—
—
—
Universal Lc
—
Loan Modification
related
$1,650,000 · Two Rivers Bk
—
—
Universal Lc
—
Deed Of Trust
related
$1,650,000 · Commercial Federal Bank
—
—
Relco Land Hldgs Of Cedar Rapids
—
Deed Of Trust
related
$3,040,000 · Cedar Rapids Bk&tr
—
—
Universal Lc
—
Deed Of Trust
related
$1,650,000 · Two Rivers Bank & Trust
—
—
Universal Lc
—
Deed Of Trust
related
$280,000 · Regions Bank
—
—
Universal Lc
—
Deed Of Trust
related
$3,165,000 · Regions Bank
—
—
Universal Lc
—
Deed Of Trust
related
$5,800,000 · Two Rivers Bank & Trust
—
—
Universal Lc
—
Deed Of Trust
related
$829,000 · Two Rivers Bank & Trust
—
—
Universal Lc
—
Deed Of Trust
related
$829,000 · Two Rivers Bank & Trust
—
—
Universal Lc
—
Deed Of Trust
related
$1,320,000 · Two Rivers Bank & Trust
—
—
Universal Lc
—
Deed Of Trust
related
$1,357,000 · Iowa Business Growth Co
—
—
Universal Lc LP
—
Deed Of Trust
related
$1,650,000 · Two Rivers Bank & Trust
—
—
Universal Lc
—
Deed Of Trust
related
$852,000 · Iowa Business Growth Co
—
—
Universal Lc
—
Deed Of Trust
related
$2,350,000 · Commercial Federal Bank
—
—
Universal Lc
—
Deed Of Trust
related
$2,897,849 · Two Rivers Bk
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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