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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Warehouses
6050 7th SW St Cedar Rapids, IA 52404-7063
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-0311270
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Construction
WOOD
Total area
11,608 SF
Lot
1.93 ac (84,071 SF)
APN
19-17-1-02-007-0-0000
UPID
US25-0311270
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
$1.06M
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.18M
Owner & transaction history
Kak&t Logistics LLC · 2 yrs held
Kak&t Logistics LLC
since 2023
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+206.5%
Auto repair, garage
$1.2M
+106.9%
Medical building
$1.2M
+93.7%
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
$1,015,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
$1,230,000
6.5%
$1,135,000
7%
$1,055,000
Alternative Use
Use
Estimation
RESTAURANT
$1,835,000
Change: +207% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,240,000
Change: +107% · Conversion: Easy
MEDICAL BUILDING
$1,160,000
Change: +94% · Conversion: Difficult
RETAIL STORES
$955,000
Change: +60% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$950,000
Change: +59% · Conversion: Moderate
OFFICE BUILDING
$905,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10% · vs last sale $1.35M (Nov 8 2023)
Last sale anchor
$1.35M
Nov 8 2023
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
$102 / 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
$2,854
Tax year 2023
Assessed value
$150,300
Assessed 2024
Previous assessed
$150,300
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$107,300
Assessed improvement
$43,000
Land market value
$107,300
Improvement market value
$43,000
Total market value
$150,300
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
2022
Construction
WOOD
Heating
NONE
Stories
1
Total area
11,608 SF
Lot
1.93 ac (84,071 SF)
APN
19-17-1-02-007-0-0000
UPID
US25-0311270
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
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$950,000
OFFICE BUILDING
Est. value
$905,000
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2022
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Kak&t Logistics LLC
Entity
Mailing address
6050 7TH ST SW, CEDAR RAPIDS, IA 52404-7063
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2023
$1,348,000
Kak&t Logistics LLC
William R Lane
Warranty Deed
$1,078,400 · Collins Community Cu
Sep 11, 2019
$175,000
Lane,william R Trust
Abbies Animal Clinic INC
Warranty Deed
—
Oct 6, 2015
$270,000
901 Rockford LLC
Bruch Thomas R Trust
Warranty Deed
$270,000 · Farmers St Bk
Nov 24, 2014
—
Bruch,thomas R Trust
Bruch,thomas R & Carol B
Quit Claim Deed
related
—
Nov 19, 2007
$159,500
Abbies Animal Clinic INC
Mrots & Leets INC
Corporation Deed
$160,000 · Swisher Trust & Savings 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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