Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

2824 1St Ave NE Cedar Rapids, IA 52402

FOR SALE
Grocery and convenience stores
Property ID
US25-0176541
897 SF 0.48 ac lot Built 1983
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

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?
$18k
Tax billed · 2022
Assessed value · 2023$631k
Assessed land$199k
Assessed improvement$432k
Effective rate2.83%

Value estimate

· Oct 2026
$160k
$144k – $176k
NOI build-up
Gross scheduled income$21k
Vacancy & credit loss−$2k
Operating expenses−$5k
NOI · 1.26% cap applied$14k

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?
1.26%
$14k 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: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service12.3
Realty agency12.1
Nail Salon12.0

Location

2824 1St Ave NE Cedar Rapids, IA 52402
County assessor Recorded deeds · 2 transfers 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1449 B NE, Cedar Rapids, IA 52402-5142 $85,000 Nov 2023 1,200 SF
3100 1st NE, Cedar Rapids, IA 52402-4404 $150,000 Dec 2022 2,082 SF
1581 1st SE, Cedar Rapids, IA 52402-5122 $4,800,000 Feb 2022 2,000 SF
1111 Ctr Pt NE, Cedar Rapids, IA 52402-3827 $115,000 Jan 2022 1,391 SF
1600 1st NE, Cedar Rapids, IA 52402 $165,000 Mar 2021 1,793 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again