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Property profile & analytics

2435 Edgewood SW Rd Cedar Rapids, IA 52404-3251

  • Theaters & concert halls
  • 46,181 SF
  • 9.57 lot acres
OFF-MARKET
Value Estimations
$575,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US25-1283115
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Theaters & concert halls

Property Details for 2435 Edgewood SW Rd

Year built
1998
Lot size
9.57 lot acres
Property size
46,181 SF
Property type
Theaters & concert halls
APN
14-31-3-27-027-0-0000
APU
143132702700000

Description

This vacant, 46,181-square-foot movie theater building presents a unique redevelopment opportunity in Cedar Rapids, Iowa. Situated on a 7.11-acre lot in the Westdale Town Center, this single-story, 1998-constructed building boasts a prime location along a high-traffic retail corridor (19,400 AADT) with excellent highway access via US Highway 151-BUS, US Highway 30, and Interstate 380 (within 2.5 miles). The property is anchored by major retailers including JCPenney, Ross Dress for Less, Burlington, PetSmart, Walmart, Target, Menards, and Harbor Freight. Culver's, IHOP, and Texas Roadhouse are immediately adjacent. The area offers strong growth potential, with a projected 5% population increase within a one-mile radius over the next five years, and submarket rents averaging $13.38 per square foot. The property's proximity to Eastern Iowa Airport, BAE Systems, and two major hospitals (UnityPoint Health – St. Luke’s and Mercy Medical Center) further enhances its appeal. The 7.11-acre parcel includes approximately 297 parking spaces and is zoned S-MR Suburban Mixed Use Regional Center. This property offers significant potential for a variety of retail uses. The building is accessible from Edgewood Road SW from both the north and south, and from 33rd Street SW, Westdale Drive SW, and 29th Avenue SW via the Edgewood Parkway SW shopping-center road. The property was originally constructed in 1998 for Carmike Cinema and was operated by AMC Theatres from 2016 to 2020.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $575,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Cedar Rapids
County
Linn
State
Iowa
Longitude
-91.7145
Latitude
41.9536
CBSA code
16300
CBSA name
CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$79,754
$1,842,000
$513,000
$2,355,000
-
$1,842,000
$513,000
$2,355,000
More about this property
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