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    Property profile & analytics

    5805 Locust SW Rd Cedar Rapids, IA 52404-4338

    • Warehouses
    • 29,206 SF
    • 2.46 lot acres
    OFF-MARKET
    Value Estimations
    $920,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0411983
    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

    • D & S Sheetmetal Inc / Production Facility / Metal Fabrication Plant

    Property Details for 5805 Locust SW Rd

    Year built
    2014
    Lot size
    2.46 lot acres
    Property size
    29,206 SF
    Property type
    Warehouses
    APN
    19-08-4-51-005-0-0000
    APU
    190845100500000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,243,000
      Market price range: $973k - $2.01M
      AI Estimate
      $1,034,000
      Market price range: $478k - $2.22M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,505,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,475,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6856
    Latitude
    41.9206
    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
    $59,534
    $233,600
    $1,456,900
    $1,690,500
    -
    $233,600
    $1,456,900
    $1,690,500

    Comparable in this City

    • Value Estimation
      $20,200,000
      427,700 SF

      4625 20th SW Ave

      WAREHOUSE, STORAGE • 427,700 SF
      4625 20th SW Ave, Cedar Rapids, IA 52404-1270
      View Details
    • Value Estimation
      $1,910,000
      87,992 SF

      5505 Locust SW Rd

      WAREHOUSE, STORAGE • 87,992 SF
      5505 Locust SW Rd, Cedar Rapids, IA 52404
      View Details
    • Value Estimation
      $3,285,000
      70,811 SF

      5005 C SW St

      WAREHOUSE, STORAGE • 70,811 SF
      5005 C SW St, Cedar Rapids, IA 52404-7601
      View Details
    • Value Estimation
      $1,540,000
      21,250 SF

      5315 J SW St

      MINI-WAREHOUSE, STORAGE • 21,250 SF
      5315 J SW St, Cedar Rapids, IA 52404-5102
      View Details
    • Value Estimation
      $2,165,000
      92,200 SF

      225 49th Ave SW Dr

      WAREHOUSE, STORAGE • 92,200 SF
      225 49th Ave SW Dr, Cedar Rapids, IA 52404-4772
      View Details
    • Value Estimation
      $4,185,000
      214,404 SF

      600 49th Ave SW Dr

      WAREHOUSE, STORAGE • 214,404 SF
      600 49th Ave SW Dr, Cedar Rapids, IA 52404-4960
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,501 SF

      Warehouse and Office Combo Opportunity

      Two-story office building and warehouse on 1.079 AC for sale.
      1010 2Nd Ave SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      22,881 SF

      Cedar Rapids Industrial/Flex Opportunity

      Large footprint building suited for industrial, service, or flex operations.
      3203 6Th St Sw, Cedar Rapids, IA 52404
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      203,840 SF

      Fully Leased Distribution Warehouse

      Modern, fully leased warehouse near Eastern Iowa Airport.
      3215 64Th Avenue Ct SW, Cedar Rapids, IA 52404
      View Details
    • $2,500,000
      24,766 SF

      Industrial Building with Outdoor Storage

      24,766 SF industrial building on 4.13 acres for sale.
      941 66Th Ave SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      6,856 SF

      Retail or Redevelopment Opportunity

      Spacious property in thriving retail district, suitable for redevelopment.
      3220 SW Wiley Blvd, Cedar Rapids, IA 52404
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    • Contact for pricing
      6,692 SF

      Versatile Warehouse with Office Space

      Warehouse with office space, loading dock, and overhead doors.
      6325 7Th Street Ct SW, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Cedar Rapids Warehouse Space Available

      Warehouse space for lease with easy access to I-380.
      1105 Wright Brothers Blvd W, Cedar Rapids, IA 52404
      View Details
    • $5 SF/Yr
      104,040 SF

      Renovated Industrial Property with Truck Parking

      Industrial property with renovated office space and outdoor truck parking.
      423 Southgate Ct SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Industrial Space for Lease

      9,500 SF industrial space available for lease.
      5203 16Th Ave SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Warehouse in Midwest Commerce Park

      Modern warehouse with high bay storage and convenient highway access.
      1155 Capital Dr SW, Cedar Rapids, IA 52404
      View Details
    • $5 SF/Yr
      100,496 SF

      Warehouse Space with Cooler

      Warehouse space with cooler and immediate interstate access available.
      413 Southgate Ct SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      10,157 SF

      Cedar Rapids Office/Warehouse Space

      Class A office/warehouse near Kirkwood Community College.
      1025 Kirkwood Pkwy SW, Cedar Rapids, IA 52404
      View Details
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    Cedar Rapids, IA 52404-4338
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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