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    3202 7th Ave Marion, IA 52302-3730
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    Property profile & analytics

    3202 7th Ave, Marion, IA 52302-3730

    View on Map
    • Retail space
    • 32,061 SF
    • 3.13 lot acres
    Off-Market
    Property ID
    US25-0182743
    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.
    Value Estimations
    $3,670,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 3202 7th Ave

    Year built
    1975
    Lot size
    3.13 lot acres
    Property type
    Retail space
    APN
    15-05-2-26-004-0-0000
    APU
    150522600400000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 30, 2015 $2,700,000 Hills Bk & Trust Co Lamb Land LLC Warranty Deed · related —
    Dec 22, 2010 — Lamb Land LLC Icor Dev Co Lc Grant Deed · related $1.3M · Cedar Rapids Bank & Trust Co
    Dec 7, 2009 — Lamb Land LLC Lamb,james & Karen M Quit Claim Deed · related —
    Jun 2, 2008 $1,508,000 Icor Dev Co Lc Bartlett,gary & Tracy Warranty Deed —
    Jun 28, 2006 $1,600,000 James Lamb Prime 2 Investments LLP Warranty Deed —
    — — Prime 2 Investments LLP — Deed Of Trust · related $2.3M · Cedar Rapids Bank & Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,055,000
      6.5%
      $4,665,000
      7%
      $4,330,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,365,000
      Market price range: $1.33M - $3.94M
      AI Estimate
      $2,982,000
      Market price range: $778k - $3.45M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,580,000
      Current use
      RESTAURANT
      $3,630,000
      Change: +41% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,420,000
      Change: +33% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,290,000
      Change: +28% Conversion: Moderate
      MEDICAL BUILDING
      $3,200,000
      Change: +24% Conversion: Difficult
      OFFICE BUILDING
      $2,540,000
      Change: -2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Linn
    State
    Iowa
    Longitude
    -91.5781
    Latitude
    42.0353
    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
    $98,372
    $900,300
    $2,850,000
    $3,750,300
    -
    $900,300
    $2,850,000
    $3,750,300

    Comparable in this City

    • Value Estimation by Request
      2,352 SF

      1440 Blairs Fry Rd

      RETAIL STORES (PERSONAL SERVICES)
      1440 Blairs Fry Rd, Marion, IA 52302-3100
      View Details
    • Value Estimation
      $14,155,000
      218,390 SF

      5491 Hwy 151

      RETAIL STORES (PERSONAL SERVICES)
      5491 Hwy 151, Marion, IA 52302-3892
      View Details
    • Value Estimation
      $1,670,000
      13,305 SF

      3495 7th Ave

      RETAIL STORES (PERSONAL SERVICES)
      3495 7th Ave, Marion, IA 52302
      View Details
    • Value Estimation by Request
      2,600 SF

      1005 44th St

      RETAIL STORES (PERSONAL SERVICES)
      1005 44th St, Marion, IA 52302-1543
      View Details
    • Value Estimation by Request
      13,791 SF

      1225 7th Ave

      RETAIL STORES (PERSONAL SERVICES)
      1225 7th Ave, Marion, IA 52302-3406
      View Details
    • Value Estimation by Request
      2,415 SF

      900 7th Ave

      RETAIL STORES (PERSONAL SERVICES)
      900 7th Ave, Marion, IA 52302-5749
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      7,400 SF

      Retail Space in Multi-Tenant Strip Center

      2,560 SF retail suites with road exposure and front parking in a C-3 zoned strip center across from Walmart.
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      2,875 SF

      Downtown Marion Mixed-Use Opportunity

      2,875 SF Creative Office/Retail Space
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      1,464 SF

      Retail Space in Marion, Iowa

      Retail space available in Marion, Iowa with 1464 square feet.
      Unknown, Marion, IA 52302
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    • $1,985,000
      15,000 SF

      Versatile Commercial Building in Marion, IA

      15,000 SF commercial building with additional mezzanine space for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      800 SF

      Retail Space Near Collins Road

      Retail property with high visibility and strong co-tenancy.
      1398-1470 Twixt Town Rd, Marion, IA 52302
      View Details
    • Contact for pricing
      1,711 SF

      Retail Space with Drive-Thru

      Retail space with drive-thru in high-traffic Marion location.
      2590 6Th Ave, Marion, IA 52302
      View Details
    • Contact for pricing
      39,000 SF

      Marion Warehouse with Free Rent

      9,750 SF warehouse with retail/office potential and free rent.
      6407 Partners Ave, Marion, IA 52302
      View Details
    • Contact for pricing
      5,919 SF

      Spacious Retail or Office Space

      Highly trafficked retail/office space available in Marion, Iowa.
      1003 50Th St, Marion, IA 52302
      View Details
    • Contact for pricing
      2,808 SF

      Former Restaurant Space For Sublease

      Restaurant space with drive-thru, high visibility, and ample parking.
      1925 7Th Ave, Marion, IA 52302
      View Details
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    Marion, IA 52302-3730
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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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