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    Property profile & analytics

    2866 Mt Vernon SE Rd Cedar Rapids, IA 52403-3565

    • Office buildings
    • 2,128 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Last Sale
    Oct 18, 2023
    Location Intelligence
    Property ID
    US25-0196406
    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

    • Marv Pesek Masonry Inc / Masonry Contractor

    Property Details for 2866 Mt Vernon SE Rd

    Year built
    1950
    Lot size
    0.17 lot acres
    Property size
    2,128 SF
    Property type
    Office buildings
    APN
    14-23-4-55-011-0-0000
    APU
    142345501100000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6237
    Latitude
    41.9771
    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
    $2,504
    $45,400
    $54,800
    $100,200
    -
    $45,400
    $54,800
    $100,200

    Comparable in this City

    • Value Estimation by Request
      32,802 SF

      1220 5th SE Ave

      OFFICE BUILDING • 32,802 SF
      1220 5th SE Ave, Cedar Rapids, IA 52403-4049
      View Details
    • Value Estimation by Request
      17,272 SF

      4700 Tama St Sec

      OFFICE BUILDING • 17,272 SF
      4700 Tama St Sec, Cedar Rapids, IA 52403-4556
      View Details
    • Value Estimation by Request
      8,740 SF

      Cedar Rapids, IA 52403

      OFFICE BUILDING • 8,740 SF
      Cedar Rapids, IA 52403
      View Details
    • Value Estimation
      $620,000
      5,187 SF

      835 3rd SE Ave

      OFFICE BUILDING • 5,187 SF
      835 3rd SE Ave, Cedar Rapids, IA 52403-2487
      View Details
    • Value Estimation
      $250,000
      2,400 SF

      1030 Mt Vernon SE Rd

      PROFESSIONAL BUILDING • 2,400 SF
      1030 Mt Vernon SE Rd, Cedar Rapids, IA 52403-1213
      View Details
    • Value Estimation
      $205,000
      1,640 SF

      3601 Mt Vernon SE Rd

      OFFICE BUILDING • 1,640 SF
      3601 Mt Vernon SE Rd, Cedar Rapids, IA 52403-3865
      View Details

    Similar Nearby for Sale

    • $185,000
      2,677 SF

      Updated Office Building For Sale

      Office building for sale in Cedar Rapids, Iowa.
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      View Details
    • $395,000
      4,726 SF

      Cedar Rapids Office/Special Purpose Building

      Well-maintained 4726 sq ft building in growing Cedar Rapids area.
      715 10Th Ave SE, Cedar Rapids, IA 52403
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    • $399,000
      5,061 SF

      Architecturally Unique Office with Parking

      Unique office building with covered parking and open plan area.
      2875 Mount Vernon Rd SE, Cedar Rapids, IA 52403
      View Details
    • $3,600,000
      67,000 SF

      Downtown Cedar Rapids Office Building

      67,000 SF Executive Office Space - Vacant
      200 2Nd Ave, Cedar Rapids, IA 52403
      View Details
    • $549,000
      5,061 SF

      Mt. Vernon Rd SE Office Space

      5,061 SF Class A Office, Vacant
      2875 Mount Vernon Rd, Cedar Rapids, IA 52403
      View Details
    • $66,957
      0.29 Acres

      Residential Land in Kestrel Heights

      Residential land for sale in the Kestrel Heights development.
      2427 Kestrel Dr SE, Cedar Rapids, IA 52403
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      205,425 SF

      Prime Medical Office Space Available

      Class A Medical Office Building, Linn County
      202 10Th St, Cedar Rapids, IA 52403
      View Details
    • $3 SF/Yr
      20,000 SF

      Cedar Rapids Warehouse - 20,000 SF

      Prime industrial space, ideal for distribution.
      201 33Rd Street Dr, Cedar Rapids, IA 52403
      View Details
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    Cedar Rapids, IA 52403-3565
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    Realmo Value Estimation

    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.

    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.

    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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