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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Strip malls
266 Blairs Fry NE Rd, Cedar Rapids, IA 52402-3161
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0253014
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
WOOD
Total area
15,827 SF
Lot
2.02 ac (87,991 SF)
APN
14-02-2-02-006-0-0000
UPID
US25-0253014
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
Current use
Occupant on record · Public records
-
DigitalMint Bitcoin ATM Teller Window Atm Currency Exchange Service
-
Willie Ray’s Q Shack Restaurant
-
EZ Money Check Cashing Loan Service
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.47M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.86M
Owner & transaction history
266 Bfr Lc · 10 yrs held
266 Bfr Lc
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+92.9%
Auto repair, garage
$1.7M
+30.2%
Medical building
$1.6M
+21.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,670,000
6.5%
$2,465,000
7%
$2,290,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,295,000
Current use
RESTAURANT
$2,500,000
Change: +93% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,690,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$1,580,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$1,450,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$1,300,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$118 / SF
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
$61,592
Tax year 2022
Assessed value
$1,846,200
Assessed 2023
Previous assessed
$1,846,200
+0.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$623,600
Assessed improvement
$1,222,600
Land market value
$623,600
Improvement market value
$1,222,600
Total market value
$1,846,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Stories
1
Total area
15,827 SF
Lot
2.02 ac (87,991 SF)
APN
14-02-2-02-006-0-0000
UPID
US25-0253014
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
RESTAURANT
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
NONE
Stories
1
Lot
2.02 ac
Current owner
From public records · entity-resolved
266 Bfr Lc
Individual
Mailing address
401 2ND ST, CORALVILLE, IA 52241-2611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Jun 21, 2021
—
266 Bfr Lc
—
Deed
related
$1,424,000 · West Bank
Jun 13, 2016
$2,000,000
266 Bfr Lc
Blairs Ferry Place LLC
Grant Deed
$1,600,000 · Bankers Tr
May 20, 2016
—
Blairs Ferry Place LLC
Gda Heights LLC
Warranty Deed
related
—
May 18, 2016
—
Gda Heights LLC
Blairs Ferry Place LLC
Warranty Deed
related
—
Feb 7, 2007
—
Blairs Ferry Place LLC
—
Trustees Deed
related
$1,368,750 · Hills Bank & Trust Co
Feb 1, 2007
—
Blairs Ferry Place LLC
Ambrose,gerry
Grant Deed
related
—
May 27, 2004
—
First City Square LLC
—
Trustees Deed
related
$562,500 · Commercial Federal Bank
—
—
Blairsferry Place LLC
—
Deed Of Trust
related
$1,223,964 · University Of Ia Community Cu
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.
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