Property profile

3201 Armar Dr Marion, IA 52302

OFF-MARKET
Office Spaces
Property ID
US25-0331969
61,641 SF 4.76 ac lot Built 1980
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1980
Total area 61,641 SF
Lot 4.76 ac (207,346 SF)
APN 14-01-3-26-001-0-0000
UPID US25-0331969

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Business Service Center

Location

3201 Armar Dr Marion, IA 52302-4748
Marion metro Census 600 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.91M
Blend (final) Blend
$3.90M

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2023
Price N/A
2010
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $6.3M +62.4%
Medical building $6.2M +58.0%
Retail stores $5.0M +27.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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