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    1230 Collins NE Rd Cedar Rapids, IA 52402-2008
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    Property profile & analytics

    1230 Collins NE Rd, Cedar Rapids, IA 52402-2008

    View on Map
    • Hotels
    • 41,120 SF
    • 1.69 lot acres
    Off-Market
    Property ID
    US25-0187799
    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
    $1,235,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Holiday Inn Express Cedar Rapids (Collins Rd), an IHG Hotel / Hotel & Motel

    Property Details for 1230 Collins NE Rd

    Year built
    1995
    Lot size
    1.69 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    14-03-2-52-005-0-0000
    APU
    140325200500000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 10, 2020 — Lf3 Cedar Rapids LLC — Deed Of Trust · related $5M · Western St Bk
    Mar 6, 2019 — Lf3 Cedar Rapids LLC — Deed · related $5.9M · Western St Bk
    Dec 4, 2018 $7,100,000 Lf3 Cedar Rapids LLC Gothic Riv Lodging LLC Warranty Deed · related $5.2M · Tcf Nat'l Bk
    Jan 19, 2017 $5,300,000 Gothic River Lodging LLC Amana-nordstrom INC Warranty Deed $8M · Guaranty Bk
    Jan 16, 2014 $1,165,000 Amana-nordstrom INC Schamberger,william E Grant Deed —
    — — Lf3 Cedar Rapids LLC — Deed Of Trust · related $5.9M · Western St Bk
    — — Amana-nordstrom INC — Deed Of Trust · related $7.1M · Us Bk
    — — Amana-nordstrom INC — Loan Modification · related $3.7M · Us Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,320,000
      6.5%
      $1,215,000
      7%
      $1,130,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,253,000
      Market price range: $494k - $1.62M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,010,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6551
    Latitude
    42.029
    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
    $139,300
    $676,400
    $3,271,300
    $3,947,700
    -
    $676,400
    $3,271,300
    $3,947,700

    Comparable in this City

    • Value Estimation
      $870,000
      43,846 SF

      2215 Blairs Fry NE Rd

      HOTEL/MOTEL
      2215 Blairs Fry NE Rd, Cedar Rapids, IA 52402-1917
      View Details
    • Value Estimation
      $725,000
      25,938 SF

      90 Twixt Town NE Rd

      HOTEL/MOTEL
      90 Twixt Town NE Rd, Cedar Rapids, IA 52402-3205
      View Details
    • Value Estimation
      $1,735,000
      58,688 SF

      4444 Czech NE Ln

      HOTEL/MOTEL
      4444 Czech NE Ln, Cedar Rapids, IA 52402-2338
      View Details
    • Value Estimation
      $1,390,000
      50,225 SF

      5145 Rockwell NE Dr

      HOTEL/MOTEL
      5145 Rockwell NE Dr, Cedar Rapids, IA 52402-2029
      View Details
    • Value Estimation
      $540,000
      23,128 SF

      5055 Rockwell NE Dr

      HOTEL/MOTEL
      5055 Rockwell NE Dr, Cedar Rapids, IA 52402-2027
      View Details
    • Value Estimation
      $2,690,000
      32,928 SF

      2025 Werner NE Ave

      HOTEL/MOTEL
      2025 Werner NE Ave, Cedar Rapids, IA 52402-2464
      View Details

    Similar Nearby for Sale

    • $6,000,000

      Holiday Inn Express For Sale

      Recently renovated Holiday Inn Express with strong revenue potential.
      1230 Collins Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      15,000 SF

      Natural Grocer Retail Opportunity

      Retail space in Cedar Rapids, Iowa, near major thoroughfares.
      931 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      15,200 SF

      Stabilized Four-Tenant Shopping Center

      Stabilized shopping center with grocery, restaurant, and personal care tenants.
      1060 Old Marion Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      1,798 SF

      Former Pizza Restaurant For Sale

      Restaurant property with lease income and recent improvements.
      3358 Center Point Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing

      Value-Add Office Building Opportunity

      Four office buildings on 3.8 acres, value-add potential.
      5250 North Park Pl Ne, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      7,801 SF

      Remodeled Retail Investment Opportunity

      Fully leased retail property near Super Target with recent renovations.
      1140 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr

      Retail Space at Lindale Crossing

      Retail space for lease in a high-traffic shopping center.
      4840 1St Ave NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      1,223 SF

      Retail Space Near Super Target

      Prime retail space in high-traffic Cedar Rapids location.
      1115 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      8,380 SF

      Well-Located Multi-Tenant Office Space

      Convenient office space near HWY 100 with excellent parking.
      A-5021 Duffy Dr Ne, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      11,962 SF

      New Retail/Office Building Available

      New construction retail/office space in convenient location.
      725 Boyson Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing

      Retail Space Near Marcus Theatres

      Retail/office space near Marcus Theatres, suitable for salon/spa.
      5350 Council St NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing

      Former Restaurant Space on 1st Avenue

      7,329 SF commercial space suitable for restaurant, retail, showroom.
      3939 1St Ave Se, Cedar Rapids, IA 52402
      View Details
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    Cedar Rapids, IA 52402-2008
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    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
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    1230 Collins NE Rd, Cedar Rapids, IA, 52402
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