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Property profile

2870 Edgewood Rd SW 200 Cedar Rapids, IA 52404

FOR LEASE
Strip malls
Property ID
US25-2345000
6,136 SF 1.08 ac lot Built 2017
Last sale Apr 2020 · $2,575,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
2870 Edgewood Rd SW,Unit 200, Cedar Rapids, IA 52404 For Lease
$35 SF/Yr 3,592 SF available
2870 Edgewood Rd SW,Unit 200, Cedar Rapids, IA 52404
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Property summary

AI-generated overview

This exceptional 3,592 square foot retail space presents a remarkable sublease opportunity within a vibrant Westdale outparcel. Strategically located at the corner of Edgewood Rd SW and 29th Ave SW, this property boasts unparalleled visibility, benefiting from a daily traffic count exceeding 41,000 vehicles. The open-concept layout offers maximum flexibility for a variety of retail uses. The building, constructed in 2017, is a single-story structure totaling 6,136 square feet, situated on a…

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?
$49k
Tax billed · 2022
Assessed value · 2023$1.60M
Assessed land$714k
Assessed improvement$889k
Effective rate3.08%

Value estimate

· Oct 2026
$1.84M
$1.65M – $2.02M
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$4k
Operating expenses−$15k
NOI · 97,042.86% cap applied$34k

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?
97,042.86%
$34k 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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.9
Tailor Shop9.0
Garden Center8.8

Location

2870 Edgewood Rd SW, Unit 200 Cedar Rapids, IA 52404
County assessor Recorded deeds · 1 transfer 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6600 Kirkwood SW, Cedar Rapids, IA 52404-5236 $2,825,000 Aug 2025 9,738 SF
3245 Williams SW, Cedar Rapids, IA 52404-1446 $1,692,000 Apr 2022 15,282 SF
2380 Edgewood SW, Cedar Rapids, IA 52404-3250 $975,000 Dec 2021 11,683 SF
2210 Edgewood SW, Cedar Rapids, IA 52404-2481 $750,000 Jun 2021 12,977 SF
820 6th SW, Cedar Rapids, IA 52404-5829 $1,125,000 Oct 2019 10,615 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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