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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Office buildings
1715 1st SE Ave Cedar Rapids, IA 52402-5432
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US25-0340543
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
11,660 SF
Lot
0.58 ac (25,265 SF)
APN
14-22-1-31-003-0-0000
UPID
US25-0340543
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Paramount Health Options (PHO) Physician
-
Iowa Retina Consultants Eye Care Center
-
Kielts Beth a CPA Accounting Firm Tax Preparation
-
Hauge Bradley CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$981k
Blend (final)
Blend
$860k
Owner & transaction history
Paramount R & E Organization Lc · 6 yrs held
Paramount R & E Organization Lc
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+16.3%
Medical building
$1.2M
+8.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cedar Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Rapids submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$995,000
6.5%
$920,000
7%
$855,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,070,000
Current use
AUTO REPAIR, GARAGE
$1,245,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$1,165,000
Change: +9% · Conversion: Easy
RETAIL STORES
$960,000
Change: -10% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$955,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$860k
Range $774k – $946k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$74 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$34,668
Tax year 2022
Assessed value
$996,100
Assessed 2023
Previous assessed
$996,100
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$173,700
Assessed improvement
$822,400
Land market value
$173,700
Improvement market value
$822,400
Total market value
$996,100
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Heating
NONE
Stories
2
Total area
11,660 SF
Lot
0.58 ac (25,265 SF)
APN
14-22-1-31-003-0-0000
UPID
US25-0340543
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$960,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$955,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Stories
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
Paramount R & E Organization Lc
Individual
Mailing address
1715 1ST AVE SE #200, CEDAR RAPIDS, IA 52402-5432
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2019
$1,137,500
Paramount R & E Organization Lc
Janalyn F White
Warranty Deed
$910,000 · Cedar Rapids Bk&tr
Jul 6, 2018
—
Janalyn White
—
Deed
related
$865,000 · Dupaco Cmnty Cu
Nov 21, 2014
—
White,janalyn F Trust
White,janalyn F
Quit Claim Deed
related
—
—
—
Janalyn H White
—
Deed Of Trust
related
—
—
—
Timothy White
—
Deed Of Trust
related
$15,000 · Bankers Trust Co
—
—
Janalyn White
—
Deed Of Trust
related
$865,000 · Dupaco Cmnty Cu
—
—
Janalyn H White
—
Deed Of Trust
related
$2,000,000 · Farmers State Bank
—
—
Timothy S White
—
Deed Of Trust
related
$150,000 · United Security Savings Bk Fsb
—
—
Timothy White
—
Deed Of Trust
related
$10,000 · Bankers Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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