2360 Edgewood Rd SW Cedar Rapids, IA 52404
Property Lookup
Property profile & analytics
2360 Edgewood Rd SW Cedar Rapids, IA 52404
- Strip malls
- 12,461 SF
- 1.58 lot acres
Property ID
US25-2399779
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.
Location Intelligence
Current Use by Public Records
- Wingstop / Restaurant
- Q Nails & Spa / Nail Salon
- Crab House / Restaurant
- Thighstop / Restaurant
- Napoli's Italian Restaurant SW / Restaurant
Property Details for 2360 Edgewood Rd SW
- Year built
- 2015
- Lot size
- 1.58 lot acres
- Property size
- 12,461 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 13-36-4-01-019-0-0000
- APU
- 133640101900000
Description
This exceptional 12,461 square foot, fully leased retail property, situated on a 1.58-acre lot in Cedar Rapids, Iowa, presents a compelling investment opportunity. Built in 2015, this single-story, Class "A" retail strip center boasts a strong tenant roster including Napoli's Italian Restaurant, WingStop, Great Clips, Metro Infusion Center, Q Nail Spa, and Crab House Seafood Restaurant. The property benefits from its prime location on an outlot of the bustling Westdale Town Center, enjoying excellent visibility and access, with daily traffic counts nearing 20,000 vehicles. Ample parking is provided with 87 spaces. The center is zoned for Suburban Mixed Use Regional Center, offering flexibility and potential for future growth. The property features a Net Lease (NNN) structure with six tenants, generating a current Net Operating Income (NOI) of $277,640, projecting a 7.31% capitalization rate. The asking price is $3,800,000, translating to $304.95 per square foot. Financial details and expense reports are available upon request. This is a rare opportunity to acquire a high-performing, well-located retail investment in a thriving market. The property's strong tenant mix, high visibility, and substantial traffic counts make it an ideal addition to any investment portfolio. The property's location within the Westdale Town Center, alongside national retailers such as Caribou Coffee, Chick-fil-A, Burlington, Ross, Firehouse Subs, Freddy's Frozen Custard, and PetSmart, further enhances its desirability and potential for long-term growth.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,594,000
- AI Estimate
- $850,000
Market price range: $637k - $1.59MMarket price range: $277k - $851k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,020,000 Current use
- AUTO REPAIR, GARAGE
- $1,330,000 Change: +30% Conversion: Difficult
- MEDICAL BUILDING
- $1,245,000 Change: +22% Conversion: Difficult
- RETAIL STORES
- $1,025,000 Change: +0% Conversion: Easy
- OFFICE BUILDING
- $975,000 Change: -5% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.7168
- Latitude
- 41.9542
- 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
$86,916
$1,106,000
$1,689,200
$2,795,200
-
$1,106,000
$1,689,200
$2,795,200
