Property profile

985 Capital SW Dr Cedar Rapids, IA 52404

OFF-MARKET
Warehouses
Property ID
US25-0445917
115,752 SF 11 ac lot Built 2007
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 115,617-square-foot industrial distribution center in Cedar Rapids, Iowa, presents a unique investment opportunity. Located at 985 Capital Dr SW, 52404, this single-tenant Class B building sits on an expansive 11-acre site, fully fenced and secured. Built in 2015, the facility boasts a 26-foot clear ceiling height, ideal for efficient warehousing and logistics operations. The property features 38 loading docks and 11 drive-in doors, ensuring seamless loading and unloading processes. In addition to the ample warehouse space, there is approximately 6,500 square feet of office space. Extensive parking is available for both cars and trucks. The building's previous use as a package processing facility provides significant power capacity. This well-maintained property offers a compelling opportunity for businesses seeking a strategically located, high-capacity distribution center. A significant incentive is available for qualified tenants: three months of free base rent. The property is situated in Linn County and offers easy access to major transportation routes. This is a rare opportunity to acquire a substantial, ready-to-occupy industrial space in a thriving market. The property is currently vacant.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2007
Construction STEEL FRAME
Total area 115,752 SF
Lot 11 ac (479,160 SF)
APN 19-29-1-51-002-0-0000
UPID US25-0445917

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Trucking Company

Location

985 Capital SW Dr Cedar Rapids, IA 52404-9096
Cedar Rapids metro Census 10700 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.67M
Blend (final) Blend
$5.10M

Owner & transaction history

since 2025
4 recorded transactions
2025
$7.0M
2015
$12.5M
2014
Price N/A
2008
$5.0M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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