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    1650 1st NE Ave Cedar Rapids, IA 52402-5431
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    Property profile & analytics

    1650 1st NE Ave, Cedar Rapids, IA 52402-5431

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    • Medical Office Space
    • 24,018 SF
    • 2.04 lot acres
    Off-Market
    Property ID
    US25-0184308
    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
    $1,750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Iowa Eye Center / Medical Clinic / Ophthalmologist
    • Iowa Eye Center: David E. Puk, MD / Ophthalmologist
    • Iowa Eye Center: Sanjay S. Shah, MD / Ophthalmologist
    • Iowa Eye Center: Muller David B MD / Ophthalmologist
    • Iowa Eye Center: Michael A Hall, MD / Ophthalmologist

    Property Details for 1650 1st NE Ave

    Year built
    1991
    Lot size
    2.04 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    14-22-2-07-001-0-0000
    APU
    142220700100000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 5, 2019 — Iowa Eye Bldg Group Lc — Deed · related $2.8M · Bankers Tr
    Oct 21, 2016 — Iowa Eye Building Group Lc — Deed · related $1.2M · Wells Fargo Bk
    — — Iowa Eye Building Group Lc — Loan Modification · related $100k · Wells Fargo Bk
    — — Iowa Eye Building Group Lc — Deed Of Trust · related $140k · Wells Fargo Bk
    — — Iowa Eye Bldg Group Lc — Deed Of Trust · related $2.8M · Bankers Tr
    — — Iowa Eye Building Group Lc — Deed Of Trust · related $1.7M · Wells Fargo Bk Nw NA
    — — Iowa Eye Building Group Lc — Deed Of Trust · related $210k · Wells Fargo Bk
    — — Iowa Eye Building Group Lc — Loan Modification · related $1.3M · Wells Fargo Bk
    — — Iowa Eye Building Group Lc — Deed Of Trust · related $1.2M · Wells Fargo Bk
    — — Iowa Eye Building Group Lc — Deed Of Trust · related $1.3M · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,318,000
      Market price range: $1.50M - $2.93M
      AI Estimate
      $1,324,000
      Market price range: $693k - $2.04M
    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,400,000
      Current use
      AUTO REPAIR, GARAGE
      $2,560,000
      Change: +7% Conversion: Difficult
      OFFICE BUILDING
      $2,200,000
      Change: -8% Conversion: Easy
      RETAIL STORES
      $1,975,000
      Change: -18% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,970,000
      Change: -18% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6495
    Latitude
    41.9905
    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
    $111,188
    $606,600
    $3,099,000
    $3,705,600
    -
    $606,600
    $3,099,000
    $3,705,600
    More about this property
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