3475 Westdale Dr Sw Cedar Rapids, IA 52404
Property profile & analytics
3475 Westdale Dr Sw Cedar Rapids, IA 52404
- Retail space
- 40,703 SF
- 1.38 lot acres
Property ID
US25-2344724
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.
Location Intelligence
Current Use by Public Records
- Burlington / Children'S Clothing Store / Department Store
Property Details for 3475 Westdale Dr Sw
- Year built
- 2016
- Lot size
- 1.38 lot acres
- Property size
- 40,703 SF
- Property type
- Retail space
- APN
- 13-36-4-76-020-0-0000
- APU
- 133647602000000
Description
This exceptional investment opportunity presents a freestanding Burlington Coat Factory storefront in Cedar Rapids, Iowa. The property boasts a substantial 40,400 square feet of net rentable space, situated on a 3.24-acre lot (APN: 13364-76020-00000). Currently operating under a triple-net (NNN) lease with 6.5 years remaining on a 15-year term, this single-tenant property offers a strong, stable income stream. The lease includes a 10% rental increase in 3 years. Located at 3475 Westdale Dr SW, Cedar Rapids, IA 52404, this prime location benefits from excellent visibility and accessibility, with convenient access to Highway 30 and Interstate I-380. The property is part of a thriving retail center, featuring a diverse mix of national retailers and experiencing significant growth. Built in 2016, the building is zoned S-MR and enjoys 100% occupancy, providing a secure and high-performing investment. The asking price is $6,595,555, translating to a price per square foot of $163.26. This represents a compelling opportunity for investors seeking a stable, high-return asset in a dynamic market. The property's strong tenant, favorable lease terms, and strategic location combine to create a compelling investment proposition.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,249,000
- AI Estimate
- $2,435,000
Market price range: $1.57M - $5.65MMarket price range: $888k - $2.98M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,350,000 Current use
- AUTO REPAIR, GARAGE
- $4,340,000 Change: +30% Conversion: Difficult
- MEDICAL BUILDING
- $4,065,000 Change: +21% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $3,335,000 Change: -0% Conversion: Moderate
- OFFICE BUILDING
- $3,180,000 Change: -5% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.7193
- Latitude
- 41.9507
- 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
$146,112
$552,000
$3,453,800
$4,005,800
-
$552,000
$3,453,800
$4,005,800
