Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2200 16th SW Ave Cedar Rapids, IA 52404-1615
    Back to Search
    Property profile & analytics

    2200 16th SW Ave, Cedar Rapids, IA 52404-1615

    View on Map
    • Auto shops
    • 4,760 SF
    • 0.64 lot acres
    Off-Market
    Last Sale Feb 1, 2024
    $400,000
    Property ID
    US25-0152978
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 2200 16th SW Ave

    Year built
    1948
    Lot size
    0.64 lot acres
    Property type
    Auto shops
    APN
    14-31-1-26-002-0-0000
    APU
    143112600200000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 1, 2024 $400,000 Miller 2200 LLC Kevin R Sanborn Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.7021
    Latitude
    41.9633
    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
    $7,720
    $128,600
    $131,700
    $260,300
    -
    $128,600
    $131,700
    $260,300

    Comparable in this City

    • Value Estimation by Request
      7,373 SF

      3030 Wiley SW Blvd, Unit 1

      AUTO REPAIR, GARAGE
      3030 Wiley SW Blvd, Cedar Rapids, IA 52404-3163
      View Details
    • Value Estimation
      $1,415,000
      16,464 SF

      425 French SW Ct

      AUTO REPAIR, GARAGE
      425 French SW Ct, Cedar Rapids, IA 52404-8028
      View Details
    • Value Estimation by Request
      18,000 SF

      250 Classic Car SW Ct

      AUTO REPAIR, GARAGE
      250 Classic Car SW Ct, Cedar Rapids, IA 52404-4665
      View Details
    • Value Estimation
      $700,000
      29,940 SF

      700 29th SW Ave

      AUTO REPAIR, GARAGE
      700 29th SW Ave, Cedar Rapids, IA 52404-3417
      View Details
    • Value Estimation by Request
      14,440 SF

      625 33rd SW Ave

      AUTO REPAIR, GARAGE
      625 33rd SW Ave, Cedar Rapids, IA 52404-3926
      View Details
    • Value Estimation by Request
      1,746 SF

      600 3rd SW Ave

      AUTO REPAIR, GARAGE
      600 3rd SW Ave, Cedar Rapids, IA 52404-2014
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,800 SF

      Leased Industrial Investment Opportunity

      Fully leased flex building with established tenants and highway visibility.
      255 Classic Car Ct SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      Pending

      Fully Leased Retail Strip Center

      Class A retail strip center for sale, fully leased.
      2360 Edgewood Rd SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      5,500 SF

      Stand-Alone NNN Boulder Tap House

      Stand-alone NNN Boulder Tap House built in 2023 for sale.
      4515 Westdale Pkwy SW, Cedar Rapids, IA 52404
      View Details
    • New
      $299,000
      1,586 SF

      Cedar Rapids Retail Opportunity

      Retail property with redevelopment potential in Cedar Rapids, Iowa.
      103 8Th Ave SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      10,013 SF

      Versatile Commercial Space, Cedar Rapids

      7,800+ sq ft commercial space in fast-growing business corridor.
      8806 St. Martin Blvd, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,986 SF

      Cedar Rapids Auto Shop Space

      Highly visible shop space with outdoor storage and paint booth.
      1813 16Th Ave SW, Cedar Rapids, IA 52404
      View Details
    • $11 SF/Yr
      58,140 SF

      Westdale Pkwy Retail Space Available

      Mixed-use retail space, prime location, 1,760 SF available.
      3998 Westdale Pkwy, Cedar Rapids, IA 52404
      View Details
    • $8 SF/Yr
      7,764 SF

      Rockford Road Commercial Space

      Cedar Rapids flex space, ideal location.
      931 Rockford Rd, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Kingston Village Standalone Building

      Charming standalone building suitable for office, studio, salon, or medical use.
      214 5Th Ave Sw, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      New Construction Warehouse/Flex Space

      New warehouse/flex building with interstate access, available Fall 2025.
      8205 6Th St SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      1,760 SF

      Retail Space in Westdale Center

      1,760 SF retail space within Westdale Town Center.
      3998 Westdale Pkwy Southwest, Cedar Rapids, IA 52404
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2200 16th SW Ave
    Cedar Rapids, IA 52404-1615
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2200 16th SW Ave, Cedar Rapids, IA, 52404
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!