Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    230 3rd SE Ave Cedar Rapids, IA 52401
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    230 3rd SE Ave Cedar Rapids, IA 52401

    View on Map
    • Investment properties
    • 18,000 SF
    • 0.08 lot acres
    Off-Market
    Property ID
    US25-0260465
    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
    $1,355,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 230 3rd SE Ave

    Year built
    1959
    Lot size
    0.08 lot acres
    Property size
    18,000 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    14-28-1-28-001-0-0000
    APU
    142812800100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,139,000
      Market price range: $420k - $1.14M
      AI Estimate
      $1,627,000
      Market price range: $366k - $1.82M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,920,000
      MEDICAL BUILDING
      $1,800,000
      RETAIL STORES
      $1,480,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,475,000
      OFFICE BUILDING
      $1,405,000
      WAREHOUSE, STORAGE
      $955,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6662
    Latitude
    41.9777
    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
    $44,324
    $90,000
    $1,167,600
    $1,257,600
    -
    $90,000
    $1,167,600
    $1,257,600

    Comparable in this City

    • Value Estimation
      $1,525,000
      22,900 SF

      102 3rd SE St

      STORE/OFFICE (MIXED USE) • 22,900 SF
      102 3rd SE St, Cedar Rapids, IA 52401-1210
      View Details
    • Value Estimation
      $1,255,000
      18,120 SF

      225 2nd SE Ave

      STORE/OFFICE (MIXED USE) • 18,120 SF
      225 2nd SE Ave, Cedar Rapids, IA 52401-1213
      View Details
    • Value Estimation
      $1,215,000
      18,096 SF

      227 2nd SE Ave

      STORE/OFFICE (MIXED USE) • 18,096 SF
      227 2nd SE Ave, Cedar Rapids, IA 52401-1213
      View Details
    • Value Estimation
      $1,100,000
      35,840 SF

      210 3rd SE Ave

      STORE/OFFICE (MIXED USE) • 35,840 SF
      210 3rd SE Ave, Cedar Rapids, IA 52401-1533
      View Details
    • Value Estimation
      $1,805,000
      27,000 SF

      221 3rd SE St

      STORE/OFFICE (MIXED USE) • 27,000 SF
      221 3rd SE St, Cedar Rapids, IA 52401-1501
      View Details
    • Value Estimation
      $1,565,000
      31,188 SF

      303 2nd SE Ave

      STORE/OFFICE (MIXED USE) • 31,188 SF
      303 2nd SE Ave, Cedar Rapids, IA 52401
      View Details

    Similar Nearby for Sale

    • $3,200,000
      32,256 SF

      Historic Downtown Cedar Rapids Office

      Iconic Office Building, Prime Location
      123 5Th St, Cedar Rapids, IA 52401
      View Details
    • $899,000
      18,309 SF

      Prime Cedar Rapids Office Building

      18,309 SF, Vacant, Historic District
      526 2Nd Ave, Cedar Rapids, IA 52401
      View Details
    • $575,000
      7,300 SF

      Downtown Cedar Rapids Investment Opportunity

      Stabilized investment property in Cedar Rapids' MedQuarter, long-term tenant.
      808 3Rd Ave Se, Cedar Rapids, IA 52401
      View Details
    • Contact for pricing
      19,200 SF

      Downtown Cedar Rapids Office Building

      Turnkey office building with drive-thru and on-site parking.
      320 SE Unit, Cedar Rapids, IA 52401
      View Details
    • Contact for pricing
      19,200 SF

      Downtown Cedar Rapids Office Building

      Turnkey office building with drive-thru and on-site parking.
      320 3Rd St SE, Cedar Rapids, IA 52401
      View Details
    • $1,700,000
      16,800 SF

      Historic Cedar Rapids Commercial Building

      Landmark building with modern updates, suitable for various businesses.
      724 3Rd Ave SE, Cedar Rapids, IA 52401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development in Cedar Rapids

      Mixed-use development with retail, office, and commercial spaces for rent.
      275 1St Ave SE, Cedar Rapids, IA 52401
      View Details
    • $14 SF/Yr
      278,981 SF

      Downtown Cedar Rapids Office Space

      Modern Office Suite, 1,473 sq ft
      501 4Th Ave, Cedar Rapids, IA 52401
      View Details
    • Contact for pricing

      Renovated Retail and Office Space

      Renovated retail/office space in downtown Cedar Rapids with parking.
      411 6Th Ave SE, Cedar Rapids, IA 52401
      View Details
    • Contact for pricing
      81,068 SF

      Modern Office Space For Rent

      Modern, high-tech two-story office space built in 2012.
      601 SE 3Rd St, Cedar Rapids, IA 52401
      View Details
    • $10 SF/Yr

      Downtown Retail Space Near Theater

      Retail space with display windows in downtown Cedar Rapids.
      305 2Nd St SE, Cedar Rapids, IA 52401
      View Details
    • Contact for pricing

      Downtown Cedar Rapids Retail/Office Space

      First floor retail or office space in Downtown Cedar Rapids.
      207 2Nd Ave SE, Cedar Rapids, IA 52401
      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.
    230 3rd SE Ave
    Cedar Rapids, IA 52401
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!