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    Property profile & analytics

    3005 Wiley Blvd Cedar Rapids, IA 52404

    • Strip malls
    • 37,600 SF
    • 4.24 lot acres
    For Sale
    View listing
    $5,662,500
    Value Estimation
    Last Sale
    Jul 20, 2021
    $4,479,000
    Location Intelligence
    Property ID
    US25-2479170
    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

    • China King / Chinese Restaurant / Delivery Restaurant
    • Laundromat / Laundromat
    • America's Best Contacts & Eyeglasses / Optician / Sunglasses Store
    • Metro by T-Mobile / Telecommunications Service Provider / Cell Phone Accessory Store
    • GameStop / Computer Accessories Store / Electronics Store

    Property Details for 3005 Wiley Blvd

    Year built
    2002
    Lot size
    4.24 lot acres
    Property size
    37,600 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    20011-01004-00000
    APU
    200110100400000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,960,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,060,000
      6.5%
      $4,380,000
      7%
      $4,875,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,995,000
      Geo Method
      $4,690,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,515,000
      Retail
      $4,565,000
      Mixed-Use
      $4,700,000
      Hospitality
      $4,815,000
      Educational
      $5,165,000
      Residential Income
      $4,870,000
      Energy
      $4,445,000
      Income-Based Land
      $4,360,000
      Food Service
      $4,955,000

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.7204
    Latitude
    41.9483
    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
    $129,782
    $918,000
    $2,968,800
    $3,886,800
    -
    $918,000
    $2,968,800
    $3,886,800

    Comparable in this City

    • Value Estimation by Request
      16,939 SF

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      SHOPPING CENTER, STRIP CENTER • 16,939 SF
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    • Value Estimation by Request
      5,616 SF

      35 Kirkwood SW Ct

      SHOPPING CENTER, STRIP CENTER • 5,616 SF
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    • Value Estimation by Request
      11,122 SF

      2660 Wiley SW Blvd

      SHOPPING CENTER, STRIP CENTER • 11,122 SF
      2660 Wiley SW Blvd, Cedar Rapids, IA 52404-6004
      View Details
    • Value Estimation by Request
      4,200 SF

      1400 6th SW St

      SHOPPING CENTER, STRIP CENTER • 4,200 SF
      1400 6th SW St, Cedar Rapids, IA 52404-5841
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    • Value Estimation
      $905,000
      11,683 SF

      2380 Edgewood SW Rd

      SHOPPING CENTER, STRIP CENTER • 11,683 SF
      2380 Edgewood SW Rd, Cedar Rapids, IA 52404-3250
      View Details
    • Value Estimation by Request
      12,461 SF

      2360 Edgewood SW Rd

      SHOPPING CENTER, STRIP CENTER • 12,461 SF
      2360 Edgewood SW Rd, Cedar Rapids, IA 52404-3426
      View Details

    Similar Nearby for Sale

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      12,461 SF

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      Stand-Alone NNN Retail Opportunity

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    Similar Nearby for Lease

    • $18 SF/Yr

      High-Traffic Retail Space Available

      Highly visible retail space in a bustling Cedar Rapids strip center.
      2300 Edgewood Rd SW, Cedar Rapids, IA 52404
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    • $16 SF/Yr
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      Retail Space Near Target

      High-traffic retail space in a vibrant, shadow-anchored strip center.
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      View Details
    • $11 SF/Yr
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      Retail Space on C Street SW

      Prime retail space with high traffic exposure near Highway 30.
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    • $11 SF/Yr
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      Westdale Pkwy Retail Space Available

      Mixed-use retail space, prime location, 1,760 SF available.
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      Rockford Road Commercial Space

      Cedar Rapids flex space, ideal location.
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      Retail Space in Cedar Rapids

      Retail space available in Cedar Rapids, Iowa.
      5761 C St SW, Cedar Rapids, IA 52404
      View Details
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    Cedar Rapids, IA 52404
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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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