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Property profile & analytics
OFF-MARKET Estimated value $1,085,000
Automotive properties

3220 Wiley SW Blvd Cedar Rapids, IA 52404-4771

3,604 SF 3.69 ac lot Built 2005
Trust Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US25-0259849
Property summary
AI-generated overview

This exceptional 6,856 square foot Class A retail property, located at 3220 Wiley Blvd SW in Cedar Rapids, Iowa, is available for $1,800,000. Built in 2005, this vacant property sits on a 3.69-acre lot (160,736.4 sq ft) and features one single-story building with encompassing windows providing abundant natural light. The property boasts a commanding pylon sign, two 12x12 overhead doors, and a vast off-street parking lot. Additional features include a well-lit yard and ample green space. The interior offers a versatile warehouse service area with open showroom and office spaces, suitable for a variety of business uses. The property is zoned S-MU Regional Center and enjoys a highly desirable location near Westdale Town Center, with nearby retail anchors including Target, Walmart Supercenter, Kohl's, and Menards. Its strategic location provides easy access to major highways such as Highway 151, Highway 30, and I-380. The property is currently vacant, with an occupancy date of January 11, 2024. The price per square foot is $262.54. This is an owner-sale opportunity. The Linn County APN is 200112600500000. This property presents a unique redevelopment or retail opportunity in a thriving commercial area.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 2005
Total area 3,604 SF
Lot 3.69 ac (160,736 SF)
APN 20011-26005-00000
UPID US25-0259849
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Westdale Used Car Superstore Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$875k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.09M
Owner & transaction history
Casady Family Revocable Trust · 1 yrs held
Casady Family Revocable Trust
since 2025
Last sale
$1.2M
2 recorded transactions
2025
$1.2M
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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