Property profile

346 2nd SW Ave Cedar Rapids, IA 52404

OFF-MARKET
Investment properties
Property ID
US25-0179234
53,980 SF 0.87 ac lot Built 1930
Individually Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1930
Total area 53,980 SF
Lot 0.87 ac (37,897 SF)
APN 14-29-1-76-001-0-0000
UPID US25-0179234

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
  • Hair Salon Nail Salon
  • Spa & Massage Center
  • Photography Service (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Hardware & Home Improvement
  • Spa & Massage Center Alternative Medicine Practice

Location

346 2nd SW Ave Cedar Rapids, IA 52404-2069
Cedar Rapids metro Census 2200 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.82M
Blend (final) Blend
$3.06M

Owner & transaction history

since 2013
4 recorded transactions
2025
Price N/A
2013
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $4.4M +88.5%
Neighborhood: shopping center $4.4M +87.7%
Office building $4.2M +78.9%

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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