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Property profile & analytics
OFF-MARKET
Estimated value
$2,385,000
Warehouses
2100 Edgewood SW Rd Cedar Rapids, IA 52404-2342
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0453580
Property summary
AI-generated overview
This exceptional 1.65-acre commercial land parcel, located at 2100 Edgewood Rd SW in Cedar Rapids, Iowa, presents a unique investment opportunity. Zoned for Suburban Mixed Use Community Center development, this pad-ready site boasts existing paving and utilities, significantly reducing development costs and timelines. The property enjoys exceptional visibility on Edgewood Road SW, a major thoroughfare with nearly 16,000 vehicles passing daily. Its strategic location within Cedar Rapids' southwest retail hub places it amongst established businesses such as Buffalo Wild Wings, Aldi, Starbucks, Life Storage, and numerous others, ensuring high foot traffic and brand synergy. The asking price is $825,000, representing a land value of $500,000 per acre. This property is ideal for developers seeking a turnkey solution for a new retail center or other permitted commercial uses within a thriving and densely populated area of Linn County, Iowa, zip code 52404. The site's existing infrastructure and prime location make it an attractive proposition for immediate development and strong return on investment. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing market.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Total area
65,248 SF
Lot
4.26 ac (185,566 SF)
APN
13-36-1-76-015-0-0000
UPID
US25-0453580
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
-
Life Storage - Cedar Rapids Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.39M
Owner & transaction history
Cedar Rapids Storage LLC · 4 yrs held
Cedar Rapids Storage LLC
since 2021
Last sale
$2.5M
1 recorded transaction
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
Method
Estimation
Statistic approach
$2,210,000
ML approach
$2,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,365,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,290,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±10% · vs last sale $2.50M (Aug 13 2021)
Last sale anchor
$2.50M
Aug 13 2021
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
$37 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$215,390
Tax year 2023
Assessed value
$6,340,000
Assessed 2024
Previous assessed
$6,340,000
+0.0% YoY
Effective rate
3.40%
On assessed value
Assessed land
$919,500
Assessed improvement
$5,420,500
Land market value
$919,500
Improvement market value
$5,420,500
Total market value
$6,340,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Stories
1
Total area
65,248 SF
Lot
4.26 ac (185,566 SF)
APN
13-36-1-76-015-0-0000
UPID
US25-0453580
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
WAREHOUSE, STORAGE Current
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1999
Stories
1
Lot
4.26 ac
Current owner
From public records · entity-resolved
Cedar Rapids Storage LLC
Entity
Mailing address
4330 NORTHVIEW LN, DALLAS, TX 75229-2860
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2021
$2,500,000
Cedar Rapids Storage LLC
B33 Westwood Plaza LLC
Special Warranty Deed
$6,000,000 · Ts Bank
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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