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    119 Audrey Way Cedar Rapids, IA 52404

    For Sale
    $483,590

    1.12-Acre Lot, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This 1.12-acre commercial lot, located at 119 Audrey Way SW, Cedar Rapids, IA 52404 (APN 192147600300000), is zoned S-MC and presents a compelling investment opportunity. Situated within the Big Ben Additions development in Linn County, this property boasts excellent visibility at the intersection of Wright Brothers Boulevard SW and Kirkwood Boulevard SW, benefiting from high traffic counts exceeding 58,000 vehicles daily on nearby I-380. Its strategic location offers easy access to Eastern Iowa Airport, I-380, and Highway 30, placing it within close proximity to the College Community and Kirkwood Community College educational districts. The area is experiencing significant growth, with construction of several hundred new residential homes planned for this year in an adjacent development. This lot is ideal for various commercial uses, and the development offers flexibility with varying lot sizes and options, including build-to-suit possibilities and the potential to combine multiple lots. The asking price for this exceptional property is $483,590. This represents a rare chance to acquire a well-positioned commercial lot in a thriving area with excellent infrastructure and access.

    Property Features for 119 Audrey Way

    General Information

    Property type
    Land
    Lot Size
    48,787 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.656414160562
    Latitude
    41.890856546509

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    FAQs

    What type of property is this?
    Land - 1.12-Acre Lot, Prime Location
    Where is this land located?
    The property is located at 119 Audrey Way Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $483,590.
    (319) 360-7017
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    119 Audrey Way Cedar Rapids, IA 52404
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