Property profile

1140 Blairs Ferry Rd NE Cedar Rapids, IA 52402

FOR SALE
Strip malls
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Property ID
US25-0304292
7,782 SF 1.12 ac Built 1993
Last sale Feb 2016·$1,025,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

A multi-tenant shopping center located at 1140 Blairs Ferry Road NE in Cedar Rapids, Iowa. The center was built in 1993 and underwent substantial updates in 2021 and 2022, including a replaced roof, refreshed exterior façade, and new HVAC systems. The property is positioned along Blairs Ferry Road NE near a Super Target, where the roadway carries approximately 23,000 vehicles per day, and it features on-site parking totaling 128 spaces. The property is identified as SMC zoning and has been…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$40k
Tax billed · 2022
Assessed value · 2023$1.40M
Assessed land$392k
Assessed improvement$1.00M
Effective rate2.85%

Value estimate

· Nov 2026
$1.15M
$1.04M – $1.27M
AI approach$1.19M
CAP approach$1.22M
Submarket $/SF estimate$995k
NOI build-up
Gross scheduled income$114k
Vacancy & credit loss−$9k
Operating expenses−$32k
NOI · 3.12% cap applied$74k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$51 – $128

Cap rate analysis

How does the asset earn?
3.12%
$74k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply19.8
Wholesale Shop16.0
Kitchen & Bath15.0

Location

1140 Blairs Ferry Rd NE Cedar Rapids, IA 52402
County assessor Recorded deeds · 3 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
600 Blairs Fry NE, Cedar Rapids, IA 52402-1475 $3,550,000 Jan 2023 8,580 SF
500 Blairs Fry NE, Cedar Rapids, IA 52402-1466 $3,550,000 Jan 2023 8,632 SF
1950 Dodge NE, Cedar Rapids, IA 52402-2411 $1,650,000 Jul 2021 17,600 SF
5945 Rockwell NE, Cedar Rapids, IA 52402-7360 $217,500 May 2021 10,604 SF
151 Collins NE, Cedar Rapids, IA 52402-3265 $2,995,000 Oct 2019 8,979 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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