Financial
Distress signals
Property profile

655 Capital Dr SW Cedar Rapids, IA 52404

FOR LEASE
Manufacturing properties
Property ID
US25-0790014
50,000 SF 3.87 ac lot Built 2022
Last sale Dec 2021 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Lot 12 is a 1.95-acre commercial land parcel located at 655 Capital Drive SW in the Cedar Rapids, Iowa, southwest quadrant near the airport. The property is identified as pad-ready and has utilities extended to the site. It is zoned C-3 and sits near I-380, with any applicable use restrictions to be reviewed. The site is suitable for development and has been offered for potential land-leasing and build-to-suit arrangements, subject to qualification and governing restrictions.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$61k
Tax billed · 2023
Assessed value · 2024$1.74M
Assessed land$581k
Assessed improvement$1.16M
Effective rate3.53%

Value estimate

· Sep 2026
$670k
$603k – $737k
AI approach$650k
Submarket $/SF estimate$693k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLINN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store8.2
Storage Facility8.2
Bakery8.1

Location

655 Capital Dr SW Cedar Rapids, IA 52404
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4120 Booth SW, Cedar Rapids, IA 52404-4920 $400,000 Jan 2024 32,206 SF
3721 J SW, Cedar Rapids, IA 52404-4612 $475,000 Jan 2024 24,377 SF
2140 Edgewood SW, Cedar Rapids, IA 52404-2342 $860,000 May 2021 31,080 SF
50 50th Ave SW, Cedar Rapids, IA 52404-5033 $367,000 Dec 2020 19,800 SF
4200 Thomas SW, Cedar Rapids, IA 52404-5055 $3,700,000 Feb 2019 88,654 SF
5555 16th SW, Cedar Rapids, IA 52404-2239 $1,600,000 Dec 2018 49,781 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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