Financial
Distress signals
Property profile

215 3rd SW Ave Cedar Rapids, IA 52404

OFF-MARKET
Office buildings
Property ID
US25-0841647
4,404 SF 0.19 ac lot Built 1946
Last sale Feb 2019 · $250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This centrally located downtown Cedar Rapids office property contains multiple office suites in various sizes and is connected to the downtown skywalk system. The suites are configured as updated, modern office spaces, and the provided square footage reflects usable area within the available suites, with an indicated property load factor of approximately 1.13. The overall property encompasses 179,079 square feet of commercial real estate, and an on-site parking ramp is planned to be reopened, providing on-site parking for occupants subject to tenant parking arrangements.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$7k
Tax billed · 2022
Assessed value · 2023$265k
Assessed land$34k
Assessed improvement$232k
Effective rate2.46%

Value estimate

· Sep 2026
$195k
$176k – $215k
AI approach$195k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$78/SF
Submarket average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$52 – $99
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLINN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store11.5
Storage Facility9.6
Barber Shop9.5

Location

215 3rd SW Ave Cedar Rapids, IA 52404-5703
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
225 5th SW, Cedar Rapids, IA 52404-5727 $354,000 Mar 2022 4,130 SF
4627 J SW, Cedar Rapids, IA 52404-4902 $200,000 Dec 2021 4,090 SF
2330 12th SW, Cedar Rapids, IA 52404-3438 $675,000 Oct 2021 3,955 SF
6000 7th SW, Cedar Rapids, IA 52404-7063 $375,000 Aug 2021 3,750 SF
3131 12th SW, Cedar Rapids, IA 52404-3935 $350,000 Oct 2019 3,860 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 215 3rd SW Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message