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    Property profile & analytics

    1140 Blairs Ferry Rd Cedar Rapids, IA 52402

    • Strip malls
    • 7,782 SF
    • 1.12 lot acres
    For Sale
    View listing
    $2,362,335
    Value Estimation
    Last Sale
    Apr 13, 2021
    $1,300,000
    Location Intelligence
    Property ID
    US25-0304292
    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

    • Mextizo / Mexican Restaurant
    • The Good Feet Store / Orthotics & Prosthetics Service / Foot Care
    • Dunn Brothers Coffee / Coffee Shop / Bakery
    • Hunt Graphic Innovations / Graphic Designer

    Property Details for 1140 Blairs Ferry Rd

    Year built
    1993
    Lot size
    1.12 lot acres
    Property size
    7,782 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    14-03-2-26-008-0-0000
    APU
    140322600800000

    Description

    Exceptional investment opportunity in Cedar Rapids, IA. This fully leased, multi-tenant retail property at 1140 Blairs Ferry Rd NE boasts 7,801 square feet on a 1.12-acre lot, featuring 128 parking spaces. The property, built in 1993 and extensively renovated in 2021, enjoys a prime location on a high-traffic road (nearly 23,000 vehicles daily), near Super Target. Three tenants—Dunn Brothers Coffee, The Good Feet Store, and Mextizo—occupy the space under NNN leases with personal guarantees from the principals. The property offers a 7.25% cap rate and a current NOI of $171,272, subject to annual increases. The permitted zoning is Suburban Mixed Use Community Center. The asking price is $2,362,335 ($302.82/sq ft). This is a 100% occupied, net lease investment with strong tenant occupancy and a proven track record. The property features a new roof, façade, and HVAC system. APN: 14032-26008-00000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,150,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,250,000
      6.5%
      $1,335,000
      7%
      $1,260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,125,000
      Geo Method
      $1,220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $980,000
      Retail
      $1,315,000
      Mixed-Use
      $1,250,000
      Hospitality
      $1,080,000
      Educational
      $1,305,000
      Residential Income
      $1,115,000
      Energy
      $1,115,000
      Income-Based Land
      $1,305,000
      Food Service
      $1,030,000

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6538
    Latitude
    42.0357
    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
    $39,864
    $392,000
    $1,004,900
    $1,396,900
    -
    $392,000
    $1,004,900
    $1,396,900

    Comparable in this City

    • Value Estimation by Request
      13,353 SF

      1121 Blairs Fry NE Rd

      SHOPPING CENTER, STRIP CENTER • 13,353 SF
      1121 Blairs Fry NE Rd, Cedar Rapids, IA 52402-1254
      View Details
    • Value Estimation by Request
      11,237 SF

      1445 1st SE Ave

      SHOPPING CENTER, STRIP CENTER • 11,237 SF
      1445 1st SE Ave, Cedar Rapids, IA 52402-5022
      View Details
    • Value Estimation by Request
      14,964 SF

      588 Boyson Rd Nea

      SHOPPING CENTER, STRIP CENTER • 14,964 SF
      588 Boyson Rd Nea, Cedar Rapids, IA 52402-7350
      View Details
    • Value Estimation
      $255,000
      1,300 SF

      5356 Blairs Frst NE Way

      SHOPPING CENTER, STRIP CENTER • 1,300 SF
      5356 Blairs Frst NE Way, Cedar Rapids, IA 52402
      View Details
    • Value Estimation
      $235,000
      1,100 SF

      5408 Blairs Frst NE Way

      SHOPPING CENTER, STRIP CENTER • 1,100 SF
      5408 Blairs Frst NE Way, Cedar Rapids, IA 52402-8802
      View Details
    • Value Estimation
      $255,000
      1,300 SF

      5422 Blairs Frst NE Way

      SHOPPING CENTER, STRIP CENTER • 1,300 SF
      5422 Blairs Frst NE Way, Cedar Rapids, IA 52402-8802
      View Details

    Similar Nearby for Sale

    • $2,362,335
      7,801 SF

      Fully Leased Retail Investment Opportunity

      Multi-tenant retail property near Target with high traffic.
      1140 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
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      Retail space available in a growing Cedar Rapids location.
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    • $2,362,335
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      Cedar Rapids Retail Investment

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      1140 Blairs Ferry Rd, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      33,492 SF

      Prime Retail/Office Space Available

      Retail/office space in high-traffic location near Super Target.
      1100 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
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    • $4,085,000
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      Cedar Rapids Retail Investment

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    • Contact for pricing
      1.66 Acres

      Cedar Rapids Commercial Land

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      Prime retail space in high-traffic Cedar Rapids location.
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      View Details
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    Cedar Rapids, IA 52402
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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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