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    Property profile & analytics

    218 4th SW Ave Cedar Rapids, IA 52404-5720

    • Medical offices
    • 11,240 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    $1,415,000
    Last Sale
    Jun 28, 2022
    $1,725,000
    Location Intelligence
    Property ID
    US25-0282220
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kepros Physical Therapy & Performance / Physical Therapy Clinic

    Property Details for 218 4th SW Ave

    Year built
    1920
    Construction
    STEEL FRAME
    Lot size
    0.50 lot acres
    Property size
    11,240 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    14-28-2-55-006-0-0000
    APU
    142825500600000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,630,000
      6.5%
      $1,550,000
      7%
      $1,725,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,665,000
      Geo Method
      $1,600,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,420,000
      Retail
      $1,565,000
      Mixed-Use
      $1,685,000
      Hospitality
      $1,560,000
      Educational
      $1,690,000
      Residential Income
      $1,585,000
      Energy
      $1,880,000
      Income-Based Land
      $1,480,000
      Food Service
      $1,740,000

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6736
    Latitude
    41.9732
    CBSA code
    16300
    CBSA name
    CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $6,850
    $65,500
    $300,200
    $365,700
    -
    $65,500
    $300,200
    $365,700

    Comparable in this City

    • Value Estimation
      $305,000
      4,164 SF

      2405 Westdale SW Dr

      MEDICAL BUILDING • 4,164 SF
      2405 Westdale SW Dr, Cedar Rapids, IA 52404-6330
      View Details
    • Value Estimation by Request
      5,554 SF

      2215 Edgewood SW Rd

      MEDICAL BUILDING • 5,554 SF
      2215 Edgewood SW Rd, Cedar Rapids, IA 52404-4820
      View Details
    • Value Estimation
      $120,000
      1,320 SF

      214 5th SW Ave

      MEDICAL BUILDING • 1,320 SF
      214 5th SW Ave, Cedar Rapids, IA 52404-5728
      View Details
    • Value Estimation by Request
      3,572 SF

      4135 Wilson SW Ave

      MEDICAL BUILDING • 3,572 SF
      4135 Wilson SW Ave, Cedar Rapids, IA 52404-6342
      View Details
    • Value Estimation by Request
      16,741 SF

      1855 Edgewood SW Rd

      MEDICAL BUILDING • 16,741 SF
      1855 Edgewood SW Rd, Cedar Rapids, IA 52404-2322
      View Details
    • Value Estimation by Request
      29,387 SF

      4325 Williams SW Blvd

      MEDICAL BUILDING • 29,387 SF
      4325 Williams SW Blvd, Cedar Rapids, IA 52404-3436
      View Details

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      Renovated Office Space Available

      Highly visible office space with upcoming renovations and expansion potential.
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      View Details
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    218 4th SW Ave
    Cedar Rapids, IA 52404-5720
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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