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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Warehouses
1000 27th SW Ave Cedar Rapids, IA 52404-3423
Entity Owned
1-yr Hold
Free & Clear
Property ID
US25-0406775
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Construction
STEEL FRAME
Total area
15,101 SF
Lot
2 ac (87,120 SF)
APN
14-32-4-51-002-0-0000
UPID
US25-0406775
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pinnacle Engineering Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Green Bridge Company · 1 yrs held
Green Bridge Company
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+206.5%
Auto repair, garage
$1.6M
+106.9%
Medical building
$1.5M
+93.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cedar Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Rapids submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,550,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
$1,600,000
6.5%
$1,480,000
7%
$1,375,000
Alternative Use
Use
Estimation
RESTAURANT
$2,385,000
Change: +207% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,610,000
Change: +107% · Conversion: Easy
MEDICAL BUILDING
$1,510,000
Change: +94% · Conversion: Difficult
RETAIL STORES
$1,245,000
Change: +60% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,240,000
Change: +59% · Conversion: Moderate
OFFICE BUILDING
$1,180,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.55M (Jan 31 2024)
Last sale anchor
$1.55M
Jan 31 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$103 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,142
Tax year 2023
Assessed value
$1,103,000
Assessed 2024
Previous assessed
$1,103,000
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$210,000
Assessed improvement
$893,000
Land market value
$210,000
Improvement market value
$893,000
Total market value
$1,103,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
15,101 SF
Lot
2 ac (87,120 SF)
APN
14-32-4-51-002-0-0000
UPID
US25-0406775
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Green Bridge Company
Entity
Free & Clear · 1 yrs held
Mailing address
235 W OKLAHOMA AVE SW, MILWAUKEE, WI 53207-2642
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
—
Green Bridge Company
Cedar Rapids Acquisitions LLC
Quitclaim Deed
related
—
Jan 31, 2024
$1,550,000
Cedar Rapids Acquisitions LLC
Jj & Jp Enterprises LLC
Special Warranty Deed
—
Aug 27, 2019
—
Pinnacle Ents Lc
—
Deed
related
$521,113 · Community Svgs Bk
Jan 22, 2013
—
Pinnacle Ents Lc
—
Deed Of Trust
related
$1,125,000 · Guaranty Bank
Mar 21, 2007
—
Gtp Acquisition Ptrs II LLC
Midwest Tower Partners LLC
Grant Deed
—
Feb 7, 2005
$305,000
Pinnacle Ents Lc
Exchange Accommodator LLC
Warranty Deed
$340,000 · Guaranty Bank
—
—
Pinnacle Ents Lc
—
Deed Of Trust
related
$160,000 · Guaranty Bank
—
—
Pinnacle Ents Lc
—
Deed Of Trust
related
$521,113 · Community Svgs Bk
—
—
Midwest Tower Partners LLC
—
Deed Of Trust
related
$17,501 · Mcg Capital Corp
—
—
Gtp Acquisition Ptrs II LLC
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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