Entity Owned 
For Lease
1 / 6
$2,505,000
1420 1St Ave NE 103, Cedar Rapids, IA 52402
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Property summary
AI-generated overview
This exceptional three-story commercial building, constructed in 2018, offers 28,270 square feet of space, with 5,000 square feet currently available for lease. Located at 1420 1st Ave NE in Cedar Rapids, Iowa (zip code 52402), this property sits on a 0.874-acre lot and is zoned for Urban Neighborhood General use. The building features a mix of retail and office space, currently housing multiple tenants, including popular brands. The available space is flexible, ranging from 2,500 to 5,000 square feet, making it suitable for a variety of businesses. Its prime location between Coe College and 1st Avenue ensures high visibility and accessibility, benefiting from nearly 18,000 vehicles passing daily. The property's mixed-use nature, including 18 residential units above the commercial space, creates a built-in customer base and a vibrant community atmosphere. Nearby establishments include Starbucks, Wendy's, and Arby's, further enhancing the property's appeal and potential for success. The property's APN is 142225101800000. This is a unique opportunity to secure a prominent location in a thriving area of Cedar Rapids.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2018
Total area
28,270 SF
Lot
0.87 ac (37,897 SF)
APN
14-22-2-51-018-0-0000
UPID
US25-2301252
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Take-out & Catering Catering Service
-
Cafe & Coffee Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$2.51M
Owner & transaction history
since 2020
2 recorded transactions
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$3.0M
+144.4%
Medical building
$2.8M
+128.8%
Office building
$2.6M
+110.1%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.51M
Value range
$2.25M – $2.76M
±10% around blend
Estimated value / SF
$89 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$2.25M
blend $2.51M
$2.76M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
28,270 SF
Lot area
0.87 ac
Year built
2018
Stories
3
APN
14-22-2-51-018-0-0000
Assessed value
$4,143,700
Annual tax
$86,206
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.79M
Range $660k – $1.79M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.51M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 34 sales
$44
+103%
County 91 sales
$63
+40%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $89/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+144%
vs current-use indication
Medical Building
Office Building
Retail Stores
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.14M
Move the market yield to see immediate price impact.
Value / SF
$147
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$261k
$5.22M
$3.73M
$2.90M
$290k
$5.80M
$4.14M
$3.22M
$319k
$6.38M
$4.56M
$3.55M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$86,206
Tax year 2022
Assessed value
$4,143,700
Assessed 2023
Previous assessed
$4,143,700
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$342,700
Assessed improvement
$3,801,000
Land market value
$342,700
Improvement market value
$3,801,000
Total market value
$4,143,700
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
2018
Heating
NONE
Stories
3
Total area
28,270 SF
Lot
0.87 ac (37,897 SF)
APN
14-22-2-51-018-0-0000
UPID
US25-2301252
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
NONE
Stories
3
Lot
0.87 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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