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Property profile & analytics
OFF-MARKET
Warehouses
6435 4th SW St Cedar Rapids, IA 52404-4987
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0230066
Property summary
AI-generated overview
This 11,960 square foot industrial warehouse in Cedar Rapids, Iowa, offers 5,880 square feet of immediately available space for lease. Built in 2007, this single-story building sits on a 1.76-acre lot and is zoned for light industrial use. The property features two 14x14 overhead drive-in doors, ample on-site parking, and a recently repaved parking lot. Inside, you'll find heated space, in-suite restrooms, and 3-phase power. A significant advantage is the fenced-in outdoor storage area, perfect for additional inventory or equipment. The location is highly desirable, situated approximately one mile from the intersection of I-380 and Highway 30, providing excellent access to major transportation routes. The property's Linn County address is 6435 4th St SW, Cedar Rapids, IA 52404 (APN: 191625100200000). This is a multi-tenant building.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
STEEL FRAME
Total area
11,960 SF
Lot
1.76 ac (76,666 SF)
APN
19-16-2-51-002-0-0000
UPID
US25-0230066
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
-
Quality Care Cedar Rapids Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lowa Department Of Transportation · 2 yrs held
Lowa Department Of Transportation
since 2024
Last sale
$1,300
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)
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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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,450
Tax year 2023
Assessed value
$574,100
Assessed 2024
Previous assessed
$574,100
+0.0% YoY
Effective rate
3.21%
On assessed value
Assessed land
$106,900
Assessed improvement
$467,200
Land market value
$106,900
Improvement market value
$467,200
Total market value
$574,100
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
2007
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
11,960 SF
Lot
1.76 ac (76,666 SF)
APN
19-16-2-51-002-0-0000
UPID
US25-0230066
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
Building & site characteristics
From public records
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
Lowa Department Of Transportation
Entity
Mailing address
800 LINCOLN WAY, AMES, IA 50010-6915
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2024
$1,300
Lowa Department Of Transportation
Department Of Transportation Ko Pro
Warranty Deed
—
Mar 1, 2024
—
Iowa Department Of Transportation
Ko Properties LLC
Deed
—
Jan 16, 2023
—
Ko Properties LLC
—
Deed
related
$349,000 · Iowa Business Growth Company
Dec 2, 2022
$850,000
Ko Properties LLC
I 380 Flexs Pace LLC
Warranty Deed
$850,000 · Freedombank
Dec 2, 2022
—
Ko Properties LLC
I 380 Flex Space LLC
Assignment Of Lease (leasehold Sale)
—
Jan 17, 2007
—
I-380 Flex-space LLC
—
Trustees Deed
related
$768,000 · Cedar Rapids Bank & Trust Co
Oct 23, 2006
$154,500
1-380 Flex-space LLC
Bwc Lc
Warranty Deed
—
—
—
I-380 Flex-space LLC
—
Deed Of Trust
related
$762,000 · West Bank
—
—
I-380 Flex-space LLC
—
Deed Of Trust
related
$699,250 · University Of Ia Community Cu
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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