Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

Tower Ter Rd & Robins Rd Cedar Rapids, IA 52411

FOR LEASE
Turn key restaurants
Property ID
US25-0369536
2,720 SF 0.19 ac lot Built 1949
Last sale Jun 2019 · $250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

Commercial land located on C Avenue NE in Cedar Rapids, Iowa, positioned south of the Tower Terrace Road extension (under construction) that is planned to connect to Interstate 380 upon completion. The site is approximately 3 miles from Interstate 380 via the Tower Terrace extension and is surrounded by densely populated residential development. The parcel configuration may support subdivision into multiple lots, subject to applicable deed restrictions.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$5k
Tax billed · 2022
Assessed value · 2023$212k
Assessed land$50k
Assessed improvement$162k
Effective rate2.36%

Value estimate

· Oct 2026
$215k
$194k – $237k
AI approach$215k
NOI build-up
Gross scheduled income$156k
Vacancy & credit loss−$6k
Operating expenses−$45k
NOI · 1,171,675.98% cap applied$105k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$158/SF
Submarket average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$95 – $216
Qualifying comparables3

Cap rate analysis

How does the asset earn?
1,171,675.98%
$105k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store17.2
Wholesale Shop11.3
HVAC Service11.1

Location

Tower Ter Rd & Robins Rd Cedar Rapids, IA 52411
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
624 5th SE, Cedar Rapids, IA 52401 $360,000 Feb 2025 5,372 SF
719 5th SE, Cedar Rapids, IA 52401-2102 $400,000 Apr 2023 1,800 SF
1120 2nd SE, Cedar Rapids, IA 52401-2206 $155,000 Nov 2021 2,828 SF
1000 3rd SE, Cedar Rapids, IA 52401-2310 $550,000 Jun 2021 3,197 SF
319 7th SE, Cedar Rapids, IA 52401-1604 $295,000 Jan 2020 6,781 SF
715 2nd SE, Cedar Rapids, IA 52401-1307 $220,000 Mar 2019 1,600 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again