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Property profile & analytics
FOR SALE
Warehouses
6205 11Th St SW Cedar Rapids, IA 52404
Individually Owned
7-yr Hold
Free & Clear
Property ID
US25-0274742
For Sale
1 / 46
$1,300,000
6205 11Th St SW, Cedar Rapids, IA 52404
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
WOOD
Total area
9,600 SF
Lot
2.21 ac (96,268 SF)
APN
19-17-1-26-005-0-0000
UPID
US25-0274742
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
-
Aaron Scale Systems, INC. Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$585k
Owner & transaction history
Keith V Elson SR. · 7 yrs held
Keith V Elson SR.
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$960,000
+93.7%
Retail stores
$790,000
+59.6%
Neighborhood: shopping center
$785,000
+58.9%
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
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$495,000
Current use
MEDICAL BUILDING
$960,000
Change: +94% · Conversion: Difficult
RETAIL STORES
$790,000
Change: +60% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$785,000
Change: +59% · Conversion: Moderate
OFFICE BUILDING
$750,000
Change: +51% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$485,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$61 / 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
$25,630
Tax year 2023
Assessed value
$769,200
Assessed 2024
Previous assessed
$769,200
+0.0% YoY
Effective rate
3.33%
On assessed value
Assessed land
$232,100
Assessed improvement
$537,100
Land market value
$232,100
Improvement market value
$537,100
Total market value
$769,200
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
For Sale
Year built
2007
Construction
WOOD
Heating
NONE
Stories
1
Total area
9,600 SF
Lot
2.21 ac (96,268 SF)
APN
19-17-1-26-005-0-0000
UPID
US25-0274742
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
WAREHOUSE, STORAGE Current
Est. value
$495,000
MEDICAL BUILDING
Est. value
$960,000
RETAIL STORES
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$785,000
OFFICE BUILDING
Est. value
$750,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$485,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2007
Construction
WOOD
Heating
NONE
Stories
1
Lot
2.21 ac
Current owner
From public records · entity-resolved
Keith V Elson SR.
Individual
Free & Clear · 7 yrs held
Mailing address
6205 11TH ST SW, CEDAR RAPIDS, IA 52404-4780
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2019
—
Keith V Elson SR.
Elson,keith V SR
Quit Claim Deed
related
—
Feb 2, 2010
$761,000
Aaron Scale Systems INC
Elson,keith V SR & Barbara A
Warranty Deed
—
Jan 25, 2010
—
Aaron Scale Systems INC
—
Trustees Deed
related
$500,000 · Farmers & Merchants Svgs Bank
Nov 26, 2007
—
Keith V Elson SR.
—
Trustees Deed
related
$500,000 · Farmers & Mechanics Bank
Nov 21, 2007
$324,500
Keith V Elson SR.
Pbi Properties
Warranty Deed
—
Jul 16, 2007
$180,000
Pbi Properties
Mrots & Leets INC
Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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