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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3225 Williams SW Pkwy Cedar Rapids, IA 52404-1476

    • Strip malls
    • 15,583 SF
    OFF-MARKET
    Last Sale
    Nov 10, 2022
    $1,787,500
    Value Estimations
    $1,475,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0058125
    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

    • Fitzgerald & Associates / Optometrist
    • Huebener Wayne S OD / Optometrist
    • Dr. Eyad Yehyawi / Optometrist
    • Dr. Katalin Hotsenpiller / Optometrist
    • Eyad Hussein Yehyawi / Optometrist

    Property Details for 3225 Williams SW Pkwy

    Year built
    2003
    Property size
    15,583 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    14-31-2-51-011-0-1001
    APU
    143125101101001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,280,000
      ML approach
      $1,430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,079,000
      Market price range: $796k - $1.99M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,275,000
      Current use
      AUTO REPAIR, GARAGE
      $1,660,000
      Change: +30% Conversion: Difficult
      MEDICAL BUILDING
      $1,555,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $1,280,000
      Change: +0% Conversion: Easy
      OFFICE BUILDING
      $1,215,000
      Change: -5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.7122
    Latitude
    41.9587
    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
    $63,002
    $362,500
    $1,341,900
    $1,704,400
    -
    $362,500
    $1,341,900
    $1,704,400

    Comparable in this City

    • Value Estimation
      $1,565,000
      16,939 SF

      2300 Edgewood Rd Sw Ste B

      SHOPPING CENTER, STRIP CENTER • 16,939 SF
      2300 Edgewood Rd Sw Ste B, Cedar Rapids, IA 52404-3209
      View Details
    • Value Estimation
      $505,000
      5,616 SF

      35 Kirkwood SW Ct

      SHOPPING CENTER, STRIP CENTER • 5,616 SF
      35 Kirkwood SW Ct, Cedar Rapids, IA 52404-8201
      View Details
    • 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
      View Details
    • Value Estimation
      $880,000
      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
      $940,000
      10,403 SF

      2320 Edgewood Rd Sw Ste C

      SHOPPING CENTER, STRIP CENTER • 10,403 SF
      2320 Edgewood Rd Sw Ste C, Cedar Rapids, IA 52404-3247
      View Details

    Similar Nearby for Sale

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      18,401 SF

      PetSmart Investment Opportunity

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      Cedar Rapids, IA: High-Yield Retail Investment
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    • $6,595,555
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      Stand-Alone NNN Retail Opportunity

      Stand-alone NNN Burlington Coat Factory with 6.5 years remaining on lease.
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    • $327,970
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      Prime Cedar Rapids Commercial Lot

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      Prime Cedar Rapids Commercial Lot

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      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Retail Space in CedarRapids, Iowa

      High-traffic location ideal for retail, dining, or service businesses.
      2300 Edgewood Rd SW, Cedar Rapids, IA 52404
      View Details
    • $16 SF/Yr
      17,957 SF

      Retail Space Near Target

      High-traffic retail space in a vibrant, shadow-anchored strip center.
      3620 Edgewood Rd SW, Cedar Rapids, IA 52404
      View Details
    • $11 SF/Yr
      4,300 SF

      Retail Space on C Street SW

      Prime retail space with high traffic exposure near Highway 30.
      5821 C St SW, Cedar Rapids, IA 52404
      View Details
    • $11 SF/Yr
      58,140 SF

      Westdale Pkwy Retail Space Available

      Mixed-use retail space, prime location, 1,760 SF available.
      3998 Westdale Pkwy, Cedar Rapids, IA 52404
      View Details
    • $8 SF/Yr
      7,764 SF

      Rockford Road Commercial Space

      Cedar Rapids flex space, ideal location.
      931 Rockford Rd, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Kingston Village Standalone Building

      Charming standalone building suitable for office, studio, salon, or medical use.
      214 5Th Ave Sw, Cedar Rapids, IA 52404
      View Details
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    Cedar Rapids, IA 52404-1476
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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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