Property profile

2345 Blairs Ferry Rd NE Cedar Rapids, IA 52402

FOR LEASE
Strip malls
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Property ID
US25-0435988
23,400 SF 2.16 ac Built 1987
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a specialty commercial real estate asset configured as two units (Units C and D) and identified in the listing as Unit C&D at 2345 Blairs Ferry Road NE in Cedar Rapids, Iowa. It is positioned along Blairs Ferry Road NE and is categorized as “other specialty commercial real estate,” indicating a space configuration intended for specialty use. The listing references the need to verify the specific suite layout, current condition, and permitted uses, as those details are not provided in the available description.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$55k
Tax billed · 2022
Assessed value · 2023$1.40M
Assessed land$442k
Assessed improvement$961k
Effective rate3.93%

Value estimate

· Nov 2026
$1.02M
$918k – $1.12M
Submarket $/SF estimate$1.20M
NOI build-up
Gross scheduled income$50k
Vacancy & credit loss−$12k
Operating expenses−$10k
NOI$29k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$51 – $128

Cap rate analysis

How does the asset earn?
$29k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.6
Restaurant16.1
Building Supply15.2

Location

2345 Blairs Ferry Rd NE Cedar Rapids, IA 52402
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
500 Blairs Fry NE, Cedar Rapids, IA 52402-1466 $3,550,000 Jan 2023 8,632 SF
600 Blairs Fry NE, Cedar Rapids, IA 52402-1475 $3,550,000 Jan 2023 8,580 SF
1950 Dodge NE, Cedar Rapids, IA 52402-2411 $1,650,000 Jul 2021 17,600 SF
5945 Rockwell NE, Cedar Rapids, IA 52402-7360 $217,500 May 2021 10,604 SF
151 Collins NE, Cedar Rapids, IA 52402-3265 $2,995,000 Oct 2019 8,979 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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