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Property profile

280 Blairs Fry NE Rd Cedar Rapids, IA 52402

OFF-MARKET
Retail space
Property ID
US25-0326841
View Sample
45,000 SF 2.03 ac lot Built 1979
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1979
Total area 45,000 SF
Lot 2.03 ac (88,427 SF)
APN 14-02-2-28-001-0-0000
UPID US25-0326841

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Carpet & Flooring Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.51M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.73M

Owner & transaction history

since 2022
Last sale
$5.2M
7 recorded transactions
2022
$5.2M
2021
Price N/A
2021
Price N/A
2016
Price N/A
2006
Price N/A
2006
Price N/A
2006
$850,000

Zoning & alternative use

Top alternative use upside
Auto repair, garage $4.8M +29.7%
Medical building $4.5M +21.4%
Office building $4.1M +11.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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