Linn County property record for 985 Capital Dr SW, Cedar Rapids, IA 52404
| Property Type | Warehouse, Storage |
|---|---|
| Details | 115,752 sqft · built 2007 |
| Lot Size | 11 acres (479,160 sqft) |
| Owner | Company Name on File |
| Last Sale | $9,975,000 (Aug 2026) |
| Tax Bill | $242,982 (2025) |
| Deeds & Mortgages | Aug 2026 Sale & Line of Credit Apr 2025 Sale & Line of Credit |
| Flood Zone | Zone X (minimal risk) |
| APN | 19291-51002-00000 |
| Primary APN | 19291-51002-00000 |
|---|
| Stories | 1 Story |
|---|---|
| Building Area | 115,752 sqft Gross Area |
| 1st Floor Area | 115,752 sqft |
| Fire Sprinklers | Fire Sprinklers |
| Year Built | Built 2007 |
|---|---|
| Effective Year Built | Effective 2007 |
| Construction Type | Steel Frame |
| Lot Area | 479,160 sqft |
| Total Buildings | 3 Buildings |
| Street Address | 985 CAPITAL DR SW |
|---|---|
| City | CEDAR RAPIDS |
| State | IA |
| Zip | 52404-9096 |
| Property Category | Industrial |
| Property Type | Industrial > Warehouse, Storage |
| Legal Description | AIRPORT COMMERCE PARK 8TH LOT 1 |
| Legal Range | 7W |
| Legal Township | 82N |
| Legal Section | 29 |
| Legal Subdivision | AIRPORT COMMERCE PARK 8TH |
| Legal Lot Number | 1 |
| Jurisdiction | LINN IA |
| Township / Civil Division | CEDAR RAPIDS |
| Census Block Group | 2 |
| Census Block | 2065 |
| Census Tract | 10700 |
985 Capital Dr SW, an industrial property, is owned by a company that bought it in August 2026.
Source: Linn County records, as of October 5, 2026
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 150 1ST AVE NE, 100, CEDAR RAPIDS, IA 52401-1110 |
| Owner Type | Company |
| Vesting | Limited Liability Partnership |
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Date | Document |
|---|---|
| Aug 28, 2026 | Special Warranty Deed, Transfer · Line of Credit FARMERS STATE BANK |
| Apr 7, 2025 | Warranty Deed, Transfer · Line of Credit FARMERS STATE BANK |
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Aug 28, 2026 · Amount on File |
| Deed Sale | Aug 28, 2026 · Amount on File |
| Prior Sale | Apr 7, 2025 · Amount on File |
| Deed Document Number | 202625635 |
| Record Updated | Oct 29, 2026 |
| Document Type | Special Warranty Deed |
|---|---|
| Jurisdiction | LINN IA |
| Recording Date | Aug 28, 2026 |
| Property Address | 985 CAPITAL DR SW, CEDAR RAPIDS, IA 52404-9096 |
| Document Number | 0000025635 |
| Instrument Date | Aug 28, 2026 |
| Instrument | 202625635 |
| Transaction Type | Transfer |
| Record Updated | Sep 4, 2026 |
| Title Company | NONE LISTED ON DOCUMENT |
| Amount | Amount on Record |
|---|---|
| Downpayment | Downpayment on Record |
| Loan-to-Value (LTV) | LTV on Record |
| Tax | $1,611,879.20 |
| Amount Accuracy | Full Amount Stated |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Relationship | Limited Liability Partnership |
| Document Number | 0000025636, |
|---|---|
| Date | Aug 28, 2026 |
| Instrument | 202625636 |
| Name | FARMERS STATE BANK |
|---|
| Type | Line of Credit |
|---|---|
| Amount | Amount on Record |
| Term | 360 Months |
| Due | Sep 5, 2056 |
| Rate Type | Adjustable Rate |
|---|---|
| Initial Type | Adjustable Rate |
| Adjustable | Adjustable Rate Rider |
| Max Rate | -1% |
| Document Type | Warranty Deed |
|---|---|
| Jurisdiction | LINN IA |
| Recording Date | Apr 7, 2025 |
| Property Address | 985 CAPITAL DR SW, CEDAR RAPIDS, IA 52404-9096 |
| Document Number | 2025008124 |
| Instrument Date | Mar 25, 2025 |
| Instrument | 2025-008124 |
| Transaction Type | Transfer |
| Record Updated | Oct 21, 2025 |
| Amount | Amount on Record |
|---|---|
| Downpayment | Downpayment on Record |
| Loan-to-Value (LTV) | LTV on Record |
| Tax | $11,159.20 |
| Amount Accuracy | Rounded by County |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Address | 417 1ST AVE SE, CEDAR RAPIDS, IA 52401-1309 |
| Document Number | 2025008125 |
|---|---|
| Date | Apr 7, 2025 |
| Instrument | 2025-008125 |
| Name | FARMERS STATE BANK |
|---|---|
| Type | Bank |
| Type | Line of Credit |
|---|---|
| Amount | Amount on Record |
| Term | 360 Months |
| Due | Apr 4, 2055 |
| Rate Type | Adjustable Rate |
|---|---|
| Change Frequency | Monthly |
The 2025 property tax bill for 985 Capital Dr SW was $242,982.
Source: Linn County assessment roll, as of October 5, 2026
| Type | Name |
|---|---|
| State | Iowa |
| County | Linn County |
| Municipality | Cedar Rapids City |
| Unified School District | College Community School District (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2026 | $6,876,300 (-) Land $970,700 Building $5,905,600 | $6,876,300 (-) Land $970,700 Building $5,905,600 | |
| 2025 | $242,982.00 | $6,876,300 Land $970,700 Building $5,905,600 | $6,876,300 Land $970,700 Building $5,905,600 |
| 2024 | $242,982.00 | ||
| 2023 | $6,355,500 Land $970,700 Building $5,384,800 | $6,355,500 Land $970,700 Building $5,384,800 | |
| 2022 | $207,098.00 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
FEMA maps place 985 Capital Dr SW in Zone X, an area of minimal flood risk.
Source: FEMA National Flood Hazard Layer, effective May 31, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026
| FEMA Flood Zone | Zone X minimal risk |
|---|---|
| Flood Insurance Requirement | Not required lenders may require it |
| Community Rating System | Class 6 (20% premium discount) |
| Nearby Flood Policies | 6 in force |
Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.
Wildfire risk around 985 Capital Dr SW is low, with less than a 0.01% annual chance of wildfire.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Low lower than 99.1% of the US · lower than 91% of Iowa |
|---|---|
| Wildfire Likelihood | Under 0.01% annual chance |
| Exposure | None beyond ember reach |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: EPA Safe Drinking Water Information System, as of September 2026
| Water System | CEDAR RAPIDS WATER DEPARTMENT serves 142,364 people · EPA ID IA5715093 |
|---|---|
| Water Source | Groundwater influenced by surface water |
| Last State Inspection | Oct 2025 |
| Lead | 2 ppb (2025) action level 15 ppb |
| Water Quality | None last 10 years |
|---|---|
| Treatment and Procedure | None last 10 years |
| Monitoring and Reporting | None last 3 years |
Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.
Source: FCC Broadband Data Collection, based on 13 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| South Slope Cooperative Telephone Company Fiber | 10,000 / 10,000 |
| Mediacom Xtream Cable | 2,000 / 1,000 |
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