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    Property profile & analytics

    1010 3rd SE St Cedar Rapids, IA 52401-2304

    • Investment properties
    • 4,521 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $470,000
    Last Sale
    Sep 09, 2022
    $590,000
    Location Intelligence
    Property ID
    US25-1353325
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lu's Deli / Restaurant / Sandwich Shop
    • Donutland / Store
    • The Beauty Lounge / Beauty Salon / Hair Salon

    Property Details for 1010 3rd SE St

    Year built
    2016
    Lot size
    0.15 lot acres
    Property size
    4,521 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    14-28-1-85-013-0-0000
    APU
    142818501300000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $490,000
      6.5%
      $480,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $565,000
      Geo Method
      $575,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $520,000
      Retail
      $500,000
      Mixed-Use
      $440,000
      Hospitality
      $490,000
      Educational
      $410,000
      Residential Income
      $490,000
      Energy
      $500,000
      Income-Based Land
      $420,000
      Food Service
      $515,000

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6592
    Latitude
    41.9717
    CBSA code
    16300
    CBSA name
    CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,124
    $25,400
    $543,000
    $568,400
    -
    $25,400
    $543,000
    $568,400

    Comparable in this City

    • Value Estimation by Request
      18,096 SF

      227 2nd SE Ave

      STORE/OFFICE (MIXED USE) • 18,096 SF
      227 2nd SE Ave, Cedar Rapids, IA 52401-1213
      View Details
    • Value Estimation by Request
      35,840 SF

      210 3rd SE Ave

      STORE/OFFICE (MIXED USE) • 35,840 SF
      210 3rd SE Ave, Cedar Rapids, IA 52401-1533
      View Details
    • Value Estimation by Request
      22,900 SF

      102 3rd SE St

      STORE/OFFICE (MIXED USE) • 22,900 SF
      102 3rd SE St, Cedar Rapids, IA 52401-1210
      View Details
    • Value Estimation by Request
      18,120 SF

      225 2nd SE Ave

      STORE/OFFICE (MIXED USE) • 18,120 SF
      225 2nd SE Ave, Cedar Rapids, IA 52401-1213
      View Details
    • Value Estimation by Request
      27,000 SF

      221 3rd SE St

      STORE/OFFICE (MIXED USE) • 27,000 SF
      221 3rd SE St, Cedar Rapids, IA 52401-1501
      View Details
    • Value Estimation
      $1,315,000
      31,188 SF

      303 2nd SE Ave

      STORE/OFFICE (MIXED USE) • 31,188 SF
      303 2nd SE Ave, Cedar Rapids, IA 52401
      View Details

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    Similar Nearby for Lease

    • $14 SF/Yr
      278,981 SF

      Downtown Cedar Rapids Office Space

      Modern Office Suite, 1,473 sq ft
      501 4Th Ave, Cedar Rapids, IA 52401
      View Details
    • $15 SF/Yr

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      Modern industrial building in the heart of the NewBo neighborhood.
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    • $10 SF/Yr
      1,400 SF

      Renovated Retail/Office Space Available

      Newly renovated retail or office space in downtown Cedar Rapids.
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      View Details
    • $10 SF/Yr
      9,800 SF

      Downtown Cedar Rapids Office Space

      Renovated Office Suites, 1400-2800 SF
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      View Details
    • $9 SF/Yr
      66,445 SF

      Downtown Cedar Rapids Office Space

      Prime Office Suites, 2,727-3,777 SF
      207 2Nd Ave, Cedar Rapids, IA 52401
      View Details
    • $13 SF/Yr

      NewBo District Versatile Space

      Modern, industrial space in NewBo, suitable for retail or office.
      420 12Th Ave SE, Cedar Rapids, IA 52401
      View Details
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    1010 3rd SE St
    Cedar Rapids, IA 52401-2304
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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
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