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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Investment properties
3500 Ctr Pt NE Rd Cedar Rapids, IA 52402-5566
Entity Owned
12-yr Hold
Free & Clear
Property ID
US25-0408977
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1979
Total area
7,703 SF
Lot
0.53 ac (23,087 SF)
APN
14-09-1-57-003-0-0000
UPID
US25-0408977
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
-
B/P Associates Factory Industrial Manufacturer
-
YTT DESIGN Engineer
-
Dr. Charles Choi, DDS Dental Office
-
Center Point Road Dental Dental Office
-
Dental health practice Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$471k
Blend (final)
Blend
$635k
Owner & transaction history
3500 Center Pt Road Prop LLC · 12 yrs held
3500 Center Pt Road Prop LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$820,000
+144.4%
Medical building
$770,000
+128.8%
Office building
$705,000
+110.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cedar Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Rapids submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$820,000
Change: +144% · Conversion: Difficult
MEDICAL BUILDING
$770,000
Change: +129% · Conversion: Easy
OFFICE BUILDING
$705,000
Change: +110% · Conversion: Easy
RETAIL STORES
$635,000
Change: +89% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: +88% · Conversion: Difficult
WAREHOUSE, STORAGE
$410,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$82 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$9,756
Tax year 2022
Assessed value
$468,100
Assessed 2023
Previous assessed
$468,100
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$115,400
Assessed improvement
$352,700
Land market value
$115,400
Improvement market value
$352,700
Total market value
$468,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1979
Heating
NONE
Stories
2
Total area
7,703 SF
Lot
0.53 ac (23,087 SF)
APN
14-09-1-57-003-0-0000
UPID
US25-0408977
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$820,000
MEDICAL BUILDING
Est. value
$770,000
OFFICE BUILDING
Est. value
$705,000
RETAIL STORES
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$410,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Stories
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
3500 Center Pt Road Prop LLC
Entity
Free & Clear · 12 yrs held
Mailing address
6712 SPG GRV CT NE, CEDAR RAPIDS, IA 52411-7632
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2025
—
Jbitg 3500 Center Point Road LLC
—
Deed
related
$547,044 · Cedar Rapids Bank & Trust Co
Mar 14, 2022
—
3500 Center Point Road Property LLC
—
Deed
related
$250,000 · Greenstate Cu
Jun 18, 2020
—
3500 Ctr Road Prop LLC Trust
—
Deed
related
$258,714 · Cedar Rapids Bk&tr
May 3, 2019
—
3500 Ctr Rd Prop LLC Trust
—
Deed
related
$265,000 · Bankers Tr
Aug 9, 2013
—
3500 Center Pt Road Prop LLC
Lemon,matthew D
Warranty Deed
related
—
—
—
3500 Ctr Rd Prop LLC Trust
—
Deed Of Trust
related
$265,000 · Bankers Tr
—
—
3500 Ctr Road Prop LLC Trust
—
Deed Of Trust
related
$258,714 · Cedar Rapids Bk&tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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