Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1515 42nd NE St Cedar Rapids, IA 52402-3061

    • Medical offices
    • 2,397 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Last Sale
    Jan 21, 2022
    $300,000
    Location Intelligence
    Property ID
    US25-0294398
    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

    • Practice of Family Medicine, P.C. / Family Practice Physician / Medical Clinic
    • Family Physicians-Cedar Rapids / Medical Clinic / Family Practice Physician
    • Dr. Mark Goedken / Family Practice Physician / Practitioner Service Location

    Property Details for 1515 42nd NE St

    Year built
    1979
    Lot size
    0.34 lot acres
    Property size
    2,397 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    14-09-1-01-004-0-0000
    APU
    140910100400000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $215,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $265,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $245,000
      Retail
      $270,000
      Mixed-Use
      $225,000
      Hospitality
      $260,000
      Educational
      $305,000
      Residential Income
      $250,000
      Energy
      $225,000
      Income-Based Land
      $275,000
      Food Service
      $225,000

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6592
    Latitude
    42.021
    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
    $7,506
    $75,000
    $238,200
    $313,200
    -
    $75,000
    $238,200
    $313,200

    Comparable in this City

    • Value Estimation by Request
      3,173 SF

      2218 1st NE Ave

      MEDICAL BUILDING • 3,173 SF
      2218 1st NE Ave, Cedar Rapids, IA 52402-6347
      View Details
    • Value Estimation by Request
      10,072 SF

      1730 1st NE Ave

      MEDICAL BUILDING • 10,072 SF
      1730 1st NE Ave, Cedar Rapids, IA 52402-5433
      View Details
    • Value Estimation by Request
      30,477 SF

      1075 1st SE Ave

      MEDICAL BUILDING • 30,477 SF
      1075 1st SE Ave, Cedar Rapids, IA 52402-5003
      View Details
    • Value Estimation by Request
      5,002 SF

      214 Blairs Fry NE Rd

      MEDICAL BUILDING • 5,002 SF
      214 Blairs Fry NE Rd, Cedar Rapids, IA 52402-1602
      View Details
    • Value Estimation by Request
      4,523 SF

      1700 1st NE Ave

      MEDICAL BUILDING • 4,523 SF
      1700 1st NE Ave, Cedar Rapids, IA 52402-5433
      View Details
    • Value Estimation by Request
      6,104 SF

      3800 Riv Rdg NE Dr

      MEDICAL BUILDING • 6,104 SF
      3800 Riv Rdg NE Dr, Cedar Rapids, IA 52402-7530
      View Details

    Similar Nearby for Sale

    • $825,000
      7,360 SF

      Cedar Rapids Office Building

      Multi-tenant office, 7,360 sq ft
      4201 Glass Rd, Cedar Rapids, IA 52402
      View Details
    • $795,000
      8,576 SF

      Cedar Rapids Medical Office Building

      8,576 SF Medical Office, High Traffic Area
      2727 1St Ave, Cedar Rapids, IA 52402
      View Details
    • $9,200,000
      70,326 SF

      Medical Plaza: Cedar Rapids, IA

      High-yield medical office investment. Strong tenant, long lease.
      5264 Council St, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      3,232 SF

      Cedar Rapids Office Space Available

      Professional office space in desirable Cedar Rapids office park.
      3900 River Ridge Dr NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      3,232 SF

      Cedar Rapids Office Space Available

      Professional office space in premier Cedar Rapids office park.
      3900 River Ridge Dr NE A & B, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      2,138 SF

      Retail/Office Suite on Blairs Ferry

      Retail or office suite available on Blairs Ferry Road NE.
      1146 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      8,576 SF

      Cedar Rapids Medical Office Building

      8,576 SF Medical Office - For Sale/Lease
      2727 1St Ave, Cedar Rapids, IA 52402
      View Details
    • $8 SF/Yr
      4,786 SF

      Cedar Rapids Office Space for Lease

      Flexible Offices, Coworking & More
      4415 River Blvd, Cedar Rapids, IA 52402
      View Details
    • $10 SF/Yr
      21,036 SF

      River Center Office Space Available

      Cedar Rapids, IA Office Suites, 5,000-9,850 SF
      4050 River Center Ct, Cedar Rapids, IA 52402
      View Details
    • $9 SF/Yr
      28,008 SF

      Cedar Rapids Executive Office Space

      Prime retail/office suites available
      4110 Center Point Rd, Cedar Rapids, IA 52402
      View Details
    • $12 SF/Yr
      1,578 SF

      Office Space in Blairs Ferry

      1,578 SF office space available for lease.
      2333 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details
    • $16 SF/Yr
      11,906 SF

      Class A Office Sublease

      Furnished office space in Cedar Rapids' northeast business district.
      4201 42Nd St NE, Cedar Rapids, IA 52402
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1515 42nd NE St
    Cedar Rapids, IA 52402-3061
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.