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Property profile & analytics
OFF-MARKET
Residential income homes
256 32nd NW St, Cedar Rapids, IA 52405-4653
Entity Owned
14-yr Hold
Absentee Owner
Property ID
US25-0094850
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1967
Total area
3,496 SF
Lot
0.21 ac (9,148 SF)
APN
14-30-2-52-028-0-0000
UPID
US25-0094850
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
256 32nd Street Residl Co-op · 14 yrs held
256 32nd Street Residl Co-op
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cedar Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Rapids submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$3,704
Tax year 2022
Assessed value
$207,900
Assessed 2023
Previous assessed
$207,900
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$22,400
Assessed improvement
$185,500
Land market value
$22,400
Improvement market value
$185,500
Total market value
$207,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1967
Heating
NONE
Stories
2
Units
4
Total area
3,496 SF
Lot
0.21 ac (9,148 SF)
APN
14-30-2-52-028-0-0000
UPID
US25-0094850
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Stories
2
Units
4
Lot
0.21 ac
Current owner
From public records · entity-resolved
256 32nd Street Residl Co-op
Entity
Mailing address
5330 HIGHCASTLE CT, FORT COLLINS, CO 80525-6716
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2011
—
256 32nd Street Residl Co-op
Mcfarland,jeremy & Maria
Warranty Deed
related
—
Mar 14, 2011
$1,400
Jeremy Mcfarland
Taylor,david L
Quit Claim Deed
related
$90,000 · Bankers Trust Co
Mar 14, 2011
$123,500
Jeremy Mcfarland
Taylor Suzanne P
Grant Deed
—
—
—
255 32nd Street Nw Residl Co
—
Deed Of Trust
related
$21,312 · Jeremy W & Maria D O Mcfarland
—
—
Gold Door Real Estate LLC
—
Deed Of Trust
related
$341,041 · University Of Ia Cmnty Cu
—
—
256 32nd Street Residl Co-op
—
Deed Of Trust
related
$341,041 · University Of Ia Cmnty Cu
—
—
256 32nd St. Residl Cooperativ
—
Deed Of Trust
related
$56,000 · Hills Bank & Trust Co
—
—
Highcastle Props LLC
—
Deed Of Trust
related
$369,600 · Hills Bk&tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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