Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1104 7th Ave Marion, IA 52302-3402
    Back to Search
    Property profile & analytics

    1104 7th Ave, Marion, IA 52302-3402

    View on Map
    • Investment properties
    • 3,000 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US25-0245542
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 1104 7th Ave

    Year built
    1870
    Lot size
    0.11 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    15-06-2-39-006-0-0000
    APU
    150623900600000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 4, 2017 $508,000 At Solutions LLC Integrity Companies LLC Warranty Deed $900k · Hiawatha Bk&tr
    Sep 4, 2015 — Integrity Companies LLC Integrity Custom Homes INC Quit Claim Deed · related —
    Nov 6, 2014 $440,000 Integrity Custom Homes INC Olmstead,daniel J & Barbara J Warranty Deed $356k · Community Svgs Bk
    — — Daniel J Olmstead — Deed Of Trust · related $545k · United Security Savings Bk Fsb
    — — Daniel J Olmstead — Deed Of Trust · related $545k · Ohnward Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Linn
    State
    Iowa
    Longitude
    -91.5979
    Latitude
    42.0336
    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
    $16,362
    $156,200
    $852,100
    $1,008,300
    -
    $156,200
    $852,100
    $1,008,300

    Comparable in this City

    • Value Estimation by Request
      2,030 SF

      840 7th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      840 7th Ave, Marion, IA 52302-5747
      View Details
    • Value Estimation by Request
      2,450 SF

      871 10th St

      OFFICE/RESIDENTIAL (MIXED USE)
      871 10th St, Marion, IA 52302-3571
      View Details
    • Value Estimation by Request
      0.19 Acres

      788 6th St

      OFFICE/RESIDENTIAL (MIXED USE)
      788 6th St, Marion, IA 52302-5770
      View Details
    • Value Estimation by Request
      1,753 SF

      915 8th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      915 8th Ave, Marion, IA 52302-5764
      View Details
    • Value Estimation by Request
      3,416 SF

      1308 8th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1308 8th Ave, Marion, IA 52302-3584
      View Details
    • Value Estimation by Request
      0.17 Acres

      571 8th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      571 8th Ave, Marion, IA 52302-5736
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,875 SF

      Downtown Marion Mixed-Use Opportunity

      2,875 SF Creative Office/Retail Space
      958 7Th Ave, Marion, IA 52302
      View Details
    • $225,000
      2,023 SF

      Remodeled Mixed-Use Gem in Marion

      Charming, remodeled 2-story property in historic Uptown Marion.
      448 7Th Ave, Marion, IA 52302
      View Details
    • Contact for pricing
      3.44 Acres

      Prime Marion Commercial Land

      3.44 Acres, Ideal for Development
      1155 Grand Ave, Marion, IA 52302
      View Details
    • Contact for pricing
      3.44 Acres

      Prime Marion Commercial Land

      3.44 Acres, Ideal for Development
      1155 Grand Ave, Marion, IA 52302
      View Details
    • $235,000
      2,796 SF

      Marion Duplex in Historic District

      Charming duplex with income potential in Marion's historic district.
      1990 8Th Ave, Marion, IA 52302
      View Details
    • Contact for pricing

      East Town Crossin Development Lot

      Prime 1.67-acre lot in thriving East Town Crossin development.
      5975 Carlson Way, Marion, IA 52302
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development Opportunity in Marion

      Mixed-use development opportunity in the heart of Uptown Marion.
      958 7Th Ave, Marion, IA 52302
      View Details
    • Contact for pricing

      Private Office Space Available

      Second floor office space with shared facilities and plumbing.
      755 9Th Ave, Marion, IA 52302
      View Details
    • Contact for pricing

      Marion Warehouse Space For Lease

      Warehouse spaces available for lease in Marion, Iowa.
      415 62Nd St, Marion, IA 52302
      View Details
    • Contact for pricing

      Retail Space on Collins Road

      Retail space available in Marion, Iowa, on Collins Road.
      1370 Twixt Town Rd, Marion, IA 52302
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1104 7th Ave
    Marion, IA 52302-3402
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1104 7th Ave, Marion, IA, 52302
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!