Property profile

3203 6th SW St Cedar Rapids, IA 52404

OFF-MARKET
Bowling alleys
Property ID
US25-0288632
22,881 SF 2.61 ac lot Built 1971
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is located in the southwest industrial corridor of Cedar Rapids and consists of a 22,881-square-foot pre-engineered metal building on 3.256 acres, with 14-foot sidewalls and approximately 20-foot clear height at the peak. The building has 8-inch concrete floors and an interior configuration currently used as a bowling alley; the layout allows for potential reconfiguration toward industrial or flex uses. The site includes ample on-site parking, supports practical site circulation, and includes an additional small green-space parcel that may provide opportunities for future expansion or outdoor uses, subject to applicable approvals. Overall, the structure’s clear height, floor slab thickness, and flexible reconfiguration capacity make it suitable for heavier-duty light industrial, contractor services, equipment storage, fabrication support, service/repair, indoor storage, or warehouse/flex conversion, subject to required code and zoning compliance.

Property profile

Verified
Property type Bowling alleys
Use group BOWLING ALLEY
Year built 1971
Total area 22,881 SF
Lot 2.61 ac (113,692 SF)
APN 19-04-2-26-003-0-0000
UPID US25-0288632

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
  • Bowling Alley
  • (Bike/Boat/Book/etc) Store Bowling Alley

Location

3203 6th SW St Cedar Rapids, IA 52404-5401
Cedar Rapids metro Census 2900 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
1969
Price N/A

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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