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Financial
Distress signals
Property profile

3414 Mount Vernon Rd SE Cedar Rapids, IA 52403

FOR SALE
Banks
Property ID
US25-0366717
4,116 SF 0.82 ac lot Built 1970
Last sale Apr 2001 · $499,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 23-yr Hold Held for 23 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This former bank property consists of a remodeled commercial building on a 0.82-acre lot with an asphalt parking area and drive access from Mt Vernon Road as well as ingress/egress from 35th Street. The interior totals 4,116 square feet and is laid out to include a teller line, a safe room, five offices, a conference room, storage closets, and a kitchenette/break room. Building features include oversized office or display windows, solid cherry doors, crown moldings, custom cabinetry and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$28k
Tax billed · 2022
Assessed value · 2023$760k
Assessed land$205k
Assessed improvement$555k
Effective rate3.66%

Value estimate

· Oct 2026
$230k
$207k – $253k
AI approach$250k
NOI build-up
Gross scheduled income$60k
Vacancy & credit loss−$5k
Operating expenses−$17k
NOI · 6.49% cap applied$39k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
6.49%
$39k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLINN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.6
Law Firm22.6
Building Supply17.9

Location

3414 Mount Vernon Rd SE Cedar Rapids, IA 52403
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
144 32nd St SE, Cedar Rapids, IA 52403-1308 $725,000 Jun 2023 8,500 SF
111 13th SE, Cedar Rapids, IA 52403-4003 $350,000 Mar 2023 2,097 SF
842 14th SE, Cedar Rapids, IA 52403-1211 $134,500 Dec 2020 6,192 SF
4750 Tama St Sek, Cedar Rapids, IA 52403-4582 $612,500 Sep 2020 13,670 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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