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Property profile & analytics
OFF-MARKET
Sports & entertainment properties
202 Blairs Fry NE Rd, Cedar Rapids, IA 52402-1616
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US25-0076389
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
2011
Total area
13,370 SF
Lot
1.82 ac (79,279 SF)
APN
14-02-2-02-001-0-0000
UPID
US25-0076389
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
-
Elite Fitness CR Blairs Ferry Gym & Fitness Center
-
Maple Ridge Tree Center Landscaping General Contractor
-
Susan Donohoe Physician
-
Ability Physical Therapy Medical Clinic
-
IOWA MASSAGE THERAPY Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Km Investments LLC · 15 yrs held
Km Investments LLC
since 2011
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$36,844
Tax year 2022
Assessed value
$1,117,800
Assessed 2023
Previous assessed
$1,117,800
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$352,000
Assessed improvement
$765,800
Land market value
$352,000
Improvement market value
$765,800
Total market value
$1,117,800
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
5
Bathrooms
2
Total area
13,370 SF
Lot
1.82 ac (79,279 SF)
APN
14-02-2-02-001-0-0000
UPID
US25-0076389
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
Building & site characteristics
From public records
Year built
2011
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
1.82 ac
Current owner
From public records · entity-resolved
Km Investments LLC
Entity
Mailing address
6480 OAK GRV RD, CEDAR RAPIDS, IA 52411-7962
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2019
—
Km Inv LLC
—
Deed
related
$1,400,000 · Veridian Cu
May 3, 2011
$377,500
Km Investments LLC
Bauer,jean E
Warranty Deed
$961,000 · Farmers State Bank
May 3, 2011
—
Jean E Bauer
Bauer,leo F
Affidavit Of Death
related
—
—
—
Km Inv LLC
—
Deed Of Trust
related
$1,400,000 · Veridian Cu
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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