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Financial
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Property profile

1960 51st NE St Cedar Rapids, IA 52402

OFF-MARKET
Other warehouses
Property ID
US25-0324988
14,400 SF 1.18 ac lot Built 1974
Last sale Feb 2024 · $854,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This retail/commercial/warehouse building was historically used as an auto dealership and includes a renovated showroom/office area. The structure is configured with front-facing showroom/office space plus additional back-of-house shop or storage space, which can support a range of operational needs beyond the showroom. The site also contains outdoor display areas. The property is situated at a high-traffic, signalized intersection, providing frontage suitable for public visibility and signage.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$27k
Tax billed · 2023
Assessed value · 2024$847k
Assessed land$300k
Assessed improvement$547k
Effective rate3.14%

Value estimate

· Oct 2026
$855k
$770k – $941k
AI approach$855k
Submarket $/SF estimate$678k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$53/SF
Submarket average, outlier-cleaned · 79 recorded sales of this use type
Observed band · Q1–Q3$33 – $73

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLINN

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service14.0
Building Supply12.7
Parking Facility12.4

Location

1960 51st NE St Cedar Rapids, IA 52402-2446
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
550 Oakland NE, Cedar Rapids, IA 52402-4654 $620,000 Mar 2022 12,054 SF
5000 Blairs Frst NE, Cedar Rapids, IA 52402-8826 $1,000,000 Nov 2021 24,000 SF
1720 I NE, Cedar Rapids, IA 52402-5205 $820,000 May 2021 10,790 SF
5288 Northland NE, Cedar Rapids, IA 52402 $540,000 Dec 2019 8,496 SF
288 Blairs Fry NE, Cedar Rapids, IA 52402-1654 $2,400,000 Mar 2019 9,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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