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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2841 Cory SW Ct Cedar Rapids, IA 52404-4024

    • Residential income homes
    • 3,492 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0176837
    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.

    Current Use by Public Records

    • Residential income homes

    Property Details for 2841 Cory SW Ct

    Year built
    1981
    Lot size
    0.21 lot acres
    Property size
    3,492 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    14-33-3-53-018-0-0000
    APU
    143335301800000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $179,000
      Market price range: $128k - $212k
      AI Estimate
      $231,000
      Market price range: $203k - $272k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $175,000
      Current use
      AUTO REPAIR, GARAGE
      $375,000
      Change: +112% Conversion: Difficult
      MEDICAL BUILDING
      $350,000
      Change: +98% Conversion: Moderate
      RETAIL STORES
      $285,000
      Change: +63% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $285,000
      Change: +62% Conversion: Difficult
      OFFICE BUILDING
      $275,000
      Change: +55% Conversion: Moderate
      WAREHOUSE, STORAGE
      $180,000
      Change: +2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $150,000
      Change: -13% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6752
    Latitude
    41.9489
    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
    $3,760
    $22,400
    $228,200
    $250,600
    -
    $22,400
    $228,200
    $250,600

    Comparable in this City

    • Value Estimation
      $140,000
      4,224 SF

      830 18th SW Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,224 SF
      830 18th SW Ave, Cedar Rapids, IA 52404-2655
      View Details
    • Value Estimation
      $80,000
      3,080 SF

      4016 21st SW Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,080 SF
      4016 21st SW Ave, Cedar Rapids, IA 52404-6313
      View Details
    • Value Estimation
      $200,000
      2,816 SF

      140 21st SW Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,816 SF
      140 21st SW Ave, Cedar Rapids, IA 52404-5675
      View Details
    • Value Estimation
      $110,000
      3,080 SF

      4012 21st SW Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,080 SF
      4012 21st SW Ave, Cedar Rapids, IA 52404-6312
      View Details
    • Value Estimation
      $16,300,000
      3,888 SF

      2100 Westdale SW Dr, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,888 SF
      2100 Westdale SW Dr, Cedar Rapids, IA 52404-6364
      View Details
    • Value Estimation
      $200,000
      3,024 SF

      3948 21st Ave SW Pl, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,024 SF
      3948 21st Ave SW Pl, Cedar Rapids, IA 52404-6807
      View Details

    Similar Nearby for Sale

    • $195,000

      Charming Condo with Open View

      Two-story condo with view, two-stall garage, close to amenities.
      3555 Stoney Point Rd, Cedar Rapids, IA 52404
      View Details
    • $288,000
      1,780 SF

      Cedar Rapids Multifamily Investment Property

      Well-maintained four-unit property in Cedar Rapids with month-to-month leases.
      3918 21St Avenue Pl SW, Cedar Rapids, IA 52404
      View Details
    • $165,000
      1,056 SF

      Well-Maintained Duplex in Cedar Rapids

      Duplex with two units, ideal for investors or owner-occupants.
      1432 N St SW, Cedar Rapids, IA 52404
      View Details
    • $288,000
      3,560 SF

      Cedar Rapids Multifamily Investment Property

      Well-maintained four-unit property in Cedar Rapids, ideal for investors.
      3918 21St Avenue Pl SW, Cedar Rapids, IA 52404
      View Details
    • $1,995,000

      Office Investment Opportunity

      Three-tenant building with healthcare tenants and owner-user potential.
      5005 Bowling St SW, Cedar Rapids, IA 52404
      View Details
    • $200,000

      Remodeled Home with Expansion Potential

      Updated 2-bed, 2-bath home with unfinished basement.
      3405 Queen Dr SW, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      7,764 SF

      Rockford Road Commercial Space

      Cedar Rapids flex space, ideal location.
      931 Rockford Rd, Cedar Rapids, IA 52404
      View Details
    • $7 SF/Yr
      120,120 SF

      380 Commerce Park: Industrial Space

      Modern Flex/Warehouse Space Available
      8205 6Th St, Cedar Rapids, IA 52404
      View Details
    • $9 SF/Yr
      10,846 SF

      Cedar Rapids Executive Office Building

      10,846 SF Office, Sale/Lease
      5900 6Th St, Cedar Rapids, IA 52404
      View Details
    • $8 SF/Yr
      17,285 SF

      Prime Cedar Rapids Office Space

      Modern office suites, 1,866-9,980 sq ft available
      5005 Bowling St, Cedar Rapids, IA 52404
      View Details
    • $4 SF/Yr
      53,728 SF

      Cedar Rapids Warehouse Space For Lease

      17,680 SF Warehouse, Excellent Location
      1203 9Th St, Cedar Rapids, IA 52404
      View Details
    • $11 SF/Yr
      58,140 SF

      Westdale Pkwy Retail Space Available

      Mixed-use retail space, prime location, 1,760 SF available.
      3998 Westdale Pkwy, Cedar Rapids, IA 52404
      View Details
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    2841 Cory SW Ct
    Cedar Rapids, IA 52404-4024
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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