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    Property profile & analytics

    1420 1st NE Ave Cedar Rapids, IA 52402-5020

    • Investment properties
    • 28,270 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US25-2301252
    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

    • Jimmy John's / Caterer / Sandwich Shop
    • Scooter's Coffee / Wi-Fi Spot / Coffee Shop

    Property Details for 1420 1st NE Ave

    Year built
    2018
    Lot size
    0.87 lot acres
    Property size
    28,270 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    14-22-2-51-018-0-0000
    APU
    142225101800000

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6537
    Latitude
    41.9878
    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
    $86,206
    $342,700
    $3,801,000
    $4,143,700
    -
    $342,700
    $3,801,000
    $4,143,700

    Comparable in this City

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    • Value Estimation by Request
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      2000 1st NE Ave

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      871 Shaver NE Rd

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    • Value Estimation by Request
      2,568 SF

      301 15th NE St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,568 SF
      301 15th NE St, Cedar Rapids, IA 52402-5156
      View Details

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    Cedar Rapids, IA 52402-5020
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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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