• Parcel Number:
    19294-26004-00000
  • Computer ID:
    53706
  • DBA:
    FEDEX WAREHOUSE
  • Deed Holder:
    CEDAR RAPIDS IA TITLE HOLDER LLC
  • Property Address:
    1035 COMMERCE PARK DR SW
    CEDAR RAPIDS, IA 52404-0000

  • Mailing Address:
    8801 RIVER CROSSING BLVD STE 300
    INDIANAPOLIS, IN 46240-0000 USA
  • Location:
    Urban
  • Class:
    COMMERCIAL
  • Map Area:
    WAREHOUSE/SHOP
  • Tax District:
    20300 CR/COLLEGE SCH
  • Plat Map:
    3726
  • Legal Description:
    MIDWEST COMMERCE PARK 2ND LOT 1 EX TH PT IN COMMERCE PARK TIF AMEND 3
  • Property Report:
  Current Value as of January 1, 2024 - Taxes payable September 2025 and March 2026
Land Value Dwelling Value Improvement Value Total Value
$1,745,000 $0 $62,073,100 $63,818,100
  Prior Year Value Information
Year Land Value Dwelling Value Improvement Value Total Value
2023 $1,745,000 $0 $58,969,400 $60,714,400
2022 $2,103,600 $0 $0 $2,103,600
  Land Information
Assessor's lot sizes are for assessment purposes only and may NOT represent actual dimensions. For more accurate, complete data refer to GIS maps, plat maps, or legal documents.
Lot Type Square Feet Acres
Acres x Rate 1,774,199 40.730
  Commercial Building Information
Occupancy Year Built Building Area
2022 479,397
Building 1 of 3
  • Year Built:2022
  • EFA:1
  • EFF Year:2022
  • Occupancy:Warehouse (Distribution)
  • Label:1S STL FR CONC TILIT UP (B1)
  • Gross Building Area:479,397
  • Condition:Normal
Verticals-Horizontals
Component Description Units 1 Units 2
Ceiling Unfinished 1 479,397
Electrical Warehouse (Distribution) 1 479,397
Exterior Wall Tilt-Up w/Broom (Insul)-12" 37 0
Framing Steel - Heavy 1 479,397
Fronts/Doors Average Cost Front 0
Ftg & Fdtn Reinforced Concrete w/o Bsmt 24" 0
HVAC Make-up Air Unit (Heat & AC) 1 479,397
Interior Wall Unfinished 37 0
Roof Rubber Membrane/Stl Yes 479,397
Sprinkler Exposed Wet 1 479,397
Struct. Floor Concrete- Reinf. 8" 1 479,397
Windows Aluminum 1 0
Plumbing
Description Quantity Range
3-Fixture Bathroom 1 Base
Toilet Room 15 Base
Lavatory 3 Base
Water Closet 7 Base
Sink-Kitchen 6 Base
Sink-Service (Fiberglass) 5 Base
Urinal - Wall 7 Base
Adjustments
Description Quantity Range
Sprinkler - exposed wet 21,566 Average
Sprinkler - exposed wet 479,397 Average
Floor - dock level adjustment 267,407 Average
Canopy - Metal 300 Average
Concrete patio 854 Average
Office-internal with Heat & A/C 23,387 Average
Mezzanine - whse-office w/ AC 12,200 Average
Extra 1 of 3
  • Type: Dock Leveler Edge
  • Description: Dock Leveler Edge
  • Type: Mechanical
Extra 2 of 3
  • Type: Door
  • Description: Door
  • Type: O.H. - Door - Power
  • Width: 14
  • Height: 16
  • Price: Average
  • Quantity: 224 SFSA
Extra 3 of 3
  • Type: Door
  • Description: Door
  • Type: O.H. - Door w/Seal - Power
  • Width: 8
  • Height: 9
  • Price: Average
  • Quantity: 72 SFSA
2022 7,535
Building 2 of 3
  • Year Built:2022
  • EFA:1
  • EFF Year:2022
  • Occupancy:Auto Repair
  • Label:1S STL FR CONC TILT UP (B2)
  • Gross Building Area:7,535
  • Condition:Normal
Verticals-Horizontals
Component Description Units 1 Units 2
Electrical Auto Repair Shop 1 7,535
Exterior Wall Tilt-Up w/Broom (Insul)-12" 0 0
Framing Steel - Heavy 1 7,535
Fronts/Doors Incl. w/ Base 0
Ftg & Fdtn Reinforced Concrete w/o Bsmt 24" 0
HVAC Combination FHA - AC 1 7,535
Roof Rubber Membrane/Stl Yes 7,535
Sprinkler Exposed Wet 1 7,535
Struct. Floor Concrete- Reinf. 8" 1 7,535
Windows Incl. w/ Base 1 0
Plumbing
Description Quantity Range
Toilet Room 2 Base
Urinal - Wall 1 Base
Adjustments
Description Quantity Range
Sprinkler - exposed wet 7,535 Average
Mezzanine - storage 380 Average
Office-internal with Heat & A/C 380 Average
Extra 1 of 1
  • Type: Door
  • Description: Door
  • Type: O.H. - Door - Power
  • Width: 14
  • Height: 16
  • Price: Average
  • Quantity: 224 SFSA
2022 960
Building 3 of 3
  • Year Built:2022
  • EFA:1
  • EFF Year:2022
  • Occupancy:Hoop Structures
  • Label:1S 7' CONC HOOP (B3)
  • Gross Building Area:0
  • Condition:Normal
Adjustments
Description Quantity Range
Floor - R'Conc-6" at grade 960 Average
  Yard Extra Information
Description Item Count Year Built
1 2022
Details
  • Year Built:2022
  • EFA:1
  • EFF Year:2022
  • Description:Paving - Asphalt
  • Condition:Normal
  • Paving Type:Asphalt Paving w/Curbs
  • Price Method:Per Square Foot
  • Pricing:Low
  • Quantity:210,000 Square Feet
  • # of Spaces:0
  • Lighting:Low
  • Count:1
  • Plot Number:
1 2022
Details
  • Year Built:2022
  • EFA:1
  • EFF Year:2022
  • Description:Paving - Concrete
  • Condition:Normal
  • Paving Type:Concrete Parking
  • Price Method:Per Square Foot
  • Pricing:Low
  • Quantity:1,200,000 Square Feet
  • # of Spaces:0
  • Lighting:Low
  • Count:1
  • Plot Number:
  Sale Information
Sale Date Amount Sales Condition Code Recording
$89,537,707 7 - Corporate merger or reorganization 11521/38375
Sales Detail
  • Buyer: CEDAR RAPIDS IA TITLE HOLDER LLC
  • Seller: SCANNELL PROPERTIES #528 LLC
  • Sale Date: 04/18/2023
  • Sale Amount: $89,537,707
  • Sale Type: Deed
  • Sales Code: 7 - Corporate merger or reorganization
  • Recording: 11521/38375
  • Additional Information: Click Here
$8,440,755 50 - Other with explanation 11177/556
Sales Detail
  • Buyer: SCANNELL PROPERTIES #528 LLC
  • Seller: CAPITAL ONE PROP LLC
  • Sale Date: 10/27/2021
  • Sale Amount: $8,440,755
  • Sale Type: Deed
  • Sales Code: 50 - Other with explanation
  • Recording: 11177/556
  • Additional Information: Click Here
  Building Permit Information
Date Number | Comments Reason
05/13/2024 MECC-003604-2024 BUILDING PERMIT
  INTERIOR REMODEL 412 S.F. IN EXISTING COMMERCIAL BUILDING "FED EX" LINEHAUL AREA TO CONVERT AREA TO 3 PRIVATE OFFICES PLEASE CALL 286-5831 FOR FRAMING-FINAL INSPECTIONS
05/09/2024 ELEC-003490-2024 BUILDING PERMIT
  INTERIOR REMODEL 412 S.F. IN EXISTING COMMERCIAL BUILDING "FED EX" LINEHAUL AREA TO CONVERT AREA TO 3 PRIVATE OFFICES PLEASE CALL 286-5831 FOR FRAMING-FINAL INSPECTIONS
02/20/2024 BLDC-000999-2024 REMODEL/ALTERATION
  INTERIOR REMODEL 412 S.F. IN EXISTING COMMERCIAL BUILDING "FED EX" LINEHAUL AREA TO CONVERT AREA TO 3 PRIVATE OFFICES PLEASE CALL 286-5831 FOR FRAMING-FINAL INSPECTIONS
11/03/2022 MECC-011070-2022 BUILDING PERMIT
  CONSTRUCTION OF A NEW 7,887 S.F. COMMERCIAL BUILDING W/MEZZANINE FOR "FEDEX GROUND MAINTENANCE GARAGE" W/VENDING ROOM-STORAGE-MENS & WOMENS RESTROOM-COMPRESSOR ROOM W/INTERIOR STAIRS TO ACCESS TO MEZZANINE PLEASE CALL 286-5831 FOR FOOTING-FRAMING-FINAL INSPECTIONS
10/31/2022 PLMC-010950-2022 BUILDING PERMIT
  CONSTRUCTION OF A NEW 7,887 S.F. COMMERCIAL BUILDING W/MEZZANINE FOR "FEDEX GROUND MAINTENANCE GARAGE" W/VENDING ROOM-STORAGE-MENS & WOMENS RESTROOM-COMPRESSOR ROOM W/INTERIOR STAIRS TO ACCESS TO MEZZANINE PLEASE CALL 286-5831 FOR FOOTING-FRAMING-FINAL INSPECTIONS
07/22/2022 SIGN-007091-2022 PERMANENT
  INSTALL 107 SF WALL MESSAGE: FEDEX GROUND
07/22/2022 SIGN-007093-2022 PERMANENT
  INSTALL 15 SF GROUND MESSAGE: FEDEX GROUND 1035 COMMERCE PARK SW
03/25/2022 ELEC-002273-2022 BUILDING PERMIT
  Installation of a conveyor system in a new existing FedEx Facility to include the associated sortation and parcel equipment, the associated electrical controls and equipment, and the associted structural support systems. there is not plumbing or mechanical on this project per LW.
03/22/2022 BLDC-002091-2022 REMODEL/ALTERATION
  Installation of a conveyor system in a new existing FedEx Facility to include the associated sortation and parcel equipment, the associated electrical controls and equipment, and the associted structural support systems. there is not plumbing or mechanical on this project per LW.
03/08/2022 BLDC-001694-2022 UNKNOWN
  INSTALLATION OF SECURITY FENCING AT SEVERAL LOCATIONS AROUND SITE PERIMETER FOR COMMERCIAL USE --- 8' HIGH, 6350' TOTAL LENGTH
03/08/2022 BLDC-001693-2022 MISCELLANEOUS
  INSTALLATION OF A 18' - 26' HIGH (VARIES), 1275' TOTAL LENGTH SOUND RETAINING WALL FOR COMMERCIAL USE INSTALLATION OF 3' TO 15' HIGH, 2600' TOTAL LENGTH RETAINING WALL FOR COMMERCIAL USE PLEASE CALL 286-5831 FOR FINAL INSPECTION
02/14/2022 MECC-001018-2022 BUILDING PERMIT
  CONSTRUCT A NEW 479,000 SQ. FT. COMMERCIAL BLDG FOR FEDEX. MAIN FLOOR: 458,945 SQ. FT. FOR WAREHOUSE & 27,000 SQ. FT. FOR INTERIOR OFFICE AREAS. SECOND FLOOR: 11,922 SQ. FT. MEZZANINE FOR FUTURE OFFICE. PLEASE CALL 319-286-5831 FOR FOOTING, FRAMING AND FINAL INSPECTIONS.
12/07/2021 ELEC-020961-2021 BUILDING PERMIT
  CONSTRUCTION OF A NEW 7,887 S.F. COMMERCIAL BUILDING W/MEZZANINE FOR "FEDEX GROUND MAINTENANCE GARAGE" W/VENDING ROOM-STORAGE-MENS & WOMENS RESTROOM-COMPRESSOR ROOM W/INTERIOR STAIRS TO ACCESS TO MEZZANINE PLEASE CALL 286-5831 FOR FOOTING-FRAMING-FINAL INSPECTIONS
12/07/2021 ELEC-020958-2021 BUILDING PERMIT
  CONSTRUCT A NEW 479,000 SQ. FT. COMMERCIAL BLDG FOR FEDEX. MAIN FLOOR: 458,945 SQ. FT. FOR WAREHOUSE & 27,000 SQ. FT. FOR INTERIOR OFFICE AREAS. SECOND FLOOR: 11,922 SQ. FT. MEZZANINE FOR FUTURE OFFICE. PLEASE CALL 319-286-5831 FOR FOOTING, FRAMING AND FINAL INSPECTIONS.
11/16/2021 PLMC-020211-2021 BUILDING PERMIT
  CONSTRUCT A NEW 479,000 SQ. FT. COMMERCIAL BLDG FOR FEDEX. MAIN FLOOR: 458,945 SQ. FT. FOR WAREHOUSE & 27,000 SQ. FT. FOR INTERIOR OFFICE AREAS. SECOND FLOOR: 11,922 SQ. FT. MEZZANINE FOR FUTURE OFFICE. PLEASE CALL 319-286-5831 FOR FOOTING, FRAMING AND FINAL INSPECTIONS.
09/28/2021 BLDC-017304-2021 NEW
  CONSTRUCTION OF A NEW 7,887 S.F. COMMERCIAL BUILDING W/MEZZANINE FOR "FEDEX GROUND MAINTENANCE GARAGE" W/VENDING ROOM-STORAGE-MENS & WOMENS RESTROOM-COMPRESSOR ROOM W/INTERIOR STAIRS TO ACCESS TO MEZZANINE PLEASE CALL 286-5831 FOR FOOTING-FRAMING-FINAL INSPECTIONS
09/07/2021 BLDC-016036-2021 NEW
  CONSTRUCT A NEW 479,000 SQ. FT. COMMERCIAL BLDG FOR FEDEX. MAIN FLOOR: 458,945 SQ. FT. FOR WAREHOUSE & 27,000 SQ. FT. FOR INTERIOR OFFICE AREAS. SECOND FLOOR: 11,922 SQ. FT. MEZZANINE FOR FUTURE OFFICE. PLEASE CALL 319-286-5831 FOR FOOTING, FRAMING AND FINAL INSPECTIONS.
  Parcel Notes
Title Note
1-2023 PARCELS 19294-51001-00000 19294-26003-00000 & 19294-01005-00000 DIVIDED INTO PARCELS 19294-51002-00000 & 19294-26004-00000 1/12/23 SAM

1-2023 ADDED NEW 100% COMPLETE STL FR TILT UP CONCRETE WAREHOUSE W/ LARGE OFFICE AREA & OFFICE MEZZANINE- PRIVATE OFFICES, OPEN OFFICE AREAS & CONFERENCE/ TRAINING ROOMS. THE ENTRY WAY SERVES AS A SECURITY ENTRY WHICH OPENS INTO THE WAREHOUSE W/ DW WALLS AND VINYL FLOOR FINISH (PRICED AS OFFICE AREA). LARGE BREAK ROOM W/ LOUNGE AREAS & CAFE AREA W/ SINK & CABINETS LOCATED ON THE NW SIDE OF BLDG. WAREHOUSE HAS TWO SATELLITE TR/BRK RMS LOCATED IN THE MIDDLE & SOUTH ENDS OF BLDG. WAREHOUSE HAS AN AVERAGE OF 37' HIGH WALLS, ABUNDANCE OF OHDS & ABUNDANCE OF DOCK HIGH FLOOR AREA. INT OF WAREHOUSE IS FURNISHED W/ A LARGE AUTOMATED CONVEYOR SYSTEM (NOT PRICED). THE PROPERTY ALSO HAS A STL FR CONC TILT UP REPAIR SHOP W/ SMALL OFFICE AREA (B2) & A HOOP BLDG(B3). PAVING & RETENTION AREA MEASURED PER PLAN & PICTOMETRY. INSPECTED 10/27/2022 AS

1-2023 REVALUED LAND AFTER SPLIT, THIS BLDG SITS ON PARCEL 19294-51002 & 19294-26004- BLDGS/PAVING & MAJORITY OF LAND VALUE IS VALUED ON PARCEL 19294-26004. 1/17/2023 AS

1-2024 BOARD OF REVIEW PETITION #0099 NO CHANGE 5/8/2024

  Tax Information
Assessment Year Taxes Payable Assessed Value Taxable Value Gross Tax Net Tax
2023 2024-2025 $60,714,400.00 $54,578,787.00 $2,231,696.00 $2,231,696.00
2022 2023-2024 $2,103,600.00 $1,865,556.00 $75,626.00 $75,626.00
  Sketch
  • Sketch for PIN 19294-26004-00000
    Sketch for PIN 19294-26004-00000
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    Sketch for PIN 19294-26004-00000
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    Sketch for PIN 19294-26004-00000
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    Sketch for PIN 19294-26004-00000
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    Sketch for PIN 19294-26004-00000
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    Sketch for PIN 19294-26004-00000
  • Sketch for PIN 19294-26004-00000
    Sketch for PIN 19294-26004-00000