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Property profile & analytics
OFF-MARKET
Estimated value
$4,420,000
Hotels
1900 Dodge NE Rd Cedar Rapids, IA 52402-2463
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0280848
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1997
Total area
47,650 SF
Lot
2.01 ac (87,556 SF)
APN
14-04-4-06-002-0-0000
UPID
US25-0280848
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
-
Residence Inn Cedar Rapids Hotel & Motel
-
Convention Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.42M
Owner & transaction history
Discover Cedar Hotels LLC · 1 yrs held
Discover Cedar Hotels LLC
since 2025
Last sale
$4.7M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.2M
+343.3%
Restaurant
$4.2M
+260.7%
Commercial (general)
$3.7M
+214.6%
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
$4,170,000
ML approach
$4,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,180,000
Change: +343% · Conversion: Difficult
RESTAURANT
$4,215,000
Change: +261% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,675,000
Change: +215% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,485,000
Change: +198% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,070,000
Change: +163% · Conversion: Difficult
OFFICE BUILDING
$3,000,000
Change: +157% · Conversion: Difficult
MEDICAL BUILDING
$2,720,000
Change: +133% · Conversion: Difficult
Blend value · Realmo final
$4.42M
Range $3.98M – $4.86M · ±10% · vs last sale $4.68M (Apr 25 2025)
Last sale anchor
$4.68M
Apr 25 2025
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
$93 / 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
$104,218
Tax year 2022
Assessed value
$3,420,900
Assessed 2023
Previous assessed
$3,420,900
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$501,300
Assessed improvement
$2,919,600
Land market value
$501,300
Improvement market value
$2,919,600
Total market value
$3,420,900
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1997
Heating
NONE
Stories
3
Units
66
Total area
47,650 SF
Lot
2.01 ac (87,556 SF)
APN
14-04-4-06-002-0-0000
UPID
US25-0280848
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.2M
RESTAURANT
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1997
Heating
NONE
Stories
3
Units
66
Lot
2.01 ac
Current owner
From public records · entity-resolved
Discover Cedar Hotels LLC
Entity
Mailing address
500 N AKARD ST STE #3800, DALLAS, TX 75201-6659
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2025
$4,675,000
Discover Cedar Hotels LLC
Supreme Bright Iowa Ix LLC
Warranty Deed
$6,867,300 · Celtic Bank Corporation
Dec 2, 2022
$3,769,500
Supreme Bright Iowa Ix LLC
R I Heritage Inn Of Cedar Rapids LP
Warranty Deed
$3,113,000 · Newcrestlmage Capital Ix LLC
Feb 3, 2005
—
R I Heritage Inn Of Cedar Rapids In
Midwest Heritage Inn Of Springfield
Corporation Deed
$58,000 · Countrywide Cmrcl Real Estate Fin I
—
—
Ri Heritage Inn Of Cedar Rpds INC
—
Deed Of Trust
related
$46,000,000 · Keybank USA
—
—
Ri Heritage Inn Of Cedar Rpds LP|ri Heritage Inn O
—
Loan Modification
related
$46,000,000 · Us Bk NA Comm 2012-ccre4 (ce)
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.
Try Rey
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