34 43Rd AveCedar Rapids, IA 52404

Property Details for 34 43Rd Ave

Year built

2018

Construction

WOOD FRAME

Lot size

0.51 AC

Property size (Sq ft)

2,100 SF

Property type

Office buildings

APN

19-04-4-76-010-0-0000

APU

190447601000000

Description

This Cedar Rapids, IA industrial property offers 22,520 square feet of versatile space, ideal for a variety of uses. The property includes a 2,100 square foot modern office building constructed in 2018, complemented by 20,420 square feet of warehouse space. The warehouse area comprises four separate buildings: a 7,200 square foot pole frame structure (1979, unheated), a 6,350 square foot pole frame structure (1979, unheated), a 3,990 square foot pole frame structure (1968, unheated), and a 2,880 square foot steel frame structure (1968, heated with three-phase power). Warehouse sidewall heights are 16 feet, with 14-foot overhead doors (except the heated building, which has 12-foot sidewalls and a 10-foot overhead door). Three loading docks are conveniently located on 43rd Ave SW. The 1.72-acre lot is zoned commercial and offers expansion potential, particularly west of the office building. The asking price is $1,300,000, translating to $57.73 per square foot. This single-tenant property presents a unique opportunity for businesses seeking a blend of modern office space and substantial warehouse capacity in a prime Linn County location. The property features one dock-high door. APN: 9044-76009-00000/9044-76010-00000.

• CAP approach

  CAP return

  Valuation

  6%

  $345,683

  6.5%

  $319,092

  7%

  $296,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $107,184

  Geo Method

  $107,184

• Alternative Use

  Use

  Valuation

  Residential

  $395,674

  Hospitality

  $362,435

  Educational

  $301,542

  Medical

  $311,913

  Retail

  $469,065

Location Insight

City

Cedar Rapids

County

Linn

State

Iowa

Latitude

41.9361

Longitude

-91.6591

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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