Financial
Distress signals
Property profile

1230 Collins NE Rd Cedar Rapids, IA 52402

OFF-MARKET
Hotels
Property ID
US25-0187799
41,120 SF 1.69 ac lot Built 1995
Last sale Dec 2018 · $7,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 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

The property is a three-story Holiday Inn Express hotel with interior corridors and 83 non-smoking guestrooms. It has undergone a Formula Blue renovation, and the hotel includes a pool and an elevator that have been restored to operational condition. The property is configured for hospitality use and supports ongoing lodging operations under a franchise structure, with change-of-ownership requirements that may include a light soft goods (PIP) program. The hotel is located in the Cedar Rapids

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.

Mortgages

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 · 2022

What does the county charge?
$139k
Tax billed · 2022
Assessed value · 2023$3.95M
Assessed land$676k
Assessed improvement$3.27M
Effective rate3.53%

Value estimate

· Sep 2026
$1.24M
$1.11M – $1.36M
CAP approach$1.22M
Submarket $/SF estimate$1.25M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

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: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop16.1
Building Supply15.5
Kitchen & Bath13.4

Location

1230 Collins NE Rd Cedar Rapids, IA 52402-2008
County assessor Recorded deeds · 8 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1130 Park NE, Cedar Rapids, IA 52402-4882 $6,150,000 Nov 2025 63,380 SF
1140 Park NE, Cedar Rapids, IA 52402-4882 $6,350,000 Nov 2025 77,543 SF
1900 Dodge NE Rd, Cedar Rapids, IA 52402-2463 $4,675,000 Apr 2025 No data
4747 1st SE, Cedar Rapids, IA 52402-3211 $1,920,000 Mar 2024 25,181 SF
2025 Werner NE, Cedar Rapids, IA 52402-2464 $3,050,000 Nov 2023 32,928 SF
1200 Collins NE, Cedar Rapids, IA 52402-2008 $8,180,000 Jul 2023 186,388 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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