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    Property profile & analytics

    3601 16th SW Ave Cedar Rapids, IA 52404-2328

    • Investment properties
    • 19,440 SF
    • 2.41 lot acres
    OFF-MARKET
    Value Estimations
    $1,595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0358446
    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

    • Area Substance Abuse Council | ASAC / Social Service Agency / Charitable Organization
    • Darin T. Person, LMSW / Foster Care Service / Social Service Agency
    • Adult Residential / Professional Services

    Property Details for 3601 16th SW Ave

    Year built
    1965
    Lot size
    2.41 lot acres
    Property size
    19,440 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    13-36-1-01-004-0-0000
    APU
    133610100400000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,230,000
      Market price range: $454k - $1.23M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,075,000
      MEDICAL BUILDING
      $1,940,000
      RETAIL STORES
      $1,600,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,595,000
      OFFICE BUILDING
      $1,520,000
      WAREHOUSE, STORAGE
      $1,000,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.7185
    Latitude
    41.9629
    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
    $0.00
    $420,500
    $1,300,700
    $1,721,200
    -
    $420,500
    $1,300,700
    $1,721,200

    Comparable in this City

    • Value Estimation
      $3,055,000
      53,980 SF

      346 2nd SW Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 53,980 SF
      346 2nd SW Ave, Cedar Rapids, IA 52404-2069
      View Details
    • Value Estimation
      $4,880,000
      58,140 SF

      3998 Westdale SW Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 58,140 SF
      3998 Westdale SW Pkwy, Cedar Rapids, IA 52404-9200
      View Details
    • Value Estimation by Request
      4,800 SF

      102 3rd SW Ave

      STORE/OFFICE (MIXED USE) • 4,800 SF
      102 3rd SW Ave, Cedar Rapids, IA 52404-5715
      View Details
    • Value Estimation by Request
      12.12 Acres

      Williams Blvd

      Multifamily properties • 12.12 Acres
      0 Williams Blvd, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      4,168 SF

      1121 Pr Rose SW Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,168 SF
      1121 Pr Rose SW Dr, Cedar Rapids, IA 52404-8732
      View Details
    • Value Estimation by Request
      2,400 SF

      941 M SW St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,400 SF
      941 M SW St, Cedar Rapids, IA 52404-2701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,501 SF

      Warehouse and Office Combo Opportunity

      Two-story office building and warehouse on 1.079 AC for sale.
      1010 2Nd Ave SW, Cedar Rapids, IA 52404
      View Details
    • $364,815
      1.34 Acres

      Cedar Rapids Commercial Land ForSale

      1.34-acre lot near Eastern Iowa Airport with mixed-use zoning.
      1406 Adair Ct SW, Cedar Rapids, IA 52404
      View Details
    • $1,280,000
      14.77 Acres

      Industrial Land Near I-380

      14.77 acres of light industrial land near I-380.
      6311 6Th St SW, Cedar Rapids, IA 52404
      View Details
    • $13,664,000
      232,750 SF

      Distribution Warehouse Investment Opportunity

      232,750 SF distribution warehouse with strong tenant and cash flow.
      4520 20Th Ave SW, Cedar Rapids, IA 52404
      View Details
    • $1,800,000
      36.44 Acres

      36 Acres Agricultural Land Opportunity

      36-acre agricultural land parcel in Cedar Rapids, Iowa.
      115 Benesh Ln, Cedar Rapids, IA 52404
      View Details
    • $849,000

      Development Site Near Williams Blvd

      6.47-acre development site suitable for multifamily or senior housing.
      Williams Blvd SW, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Cedar Rapids Warehouse Space Available

      Warehouse space for lease with easy access to I-380.
      1105 Wright Brothers Blvd W, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Office Suites For Lease

      Highly visible office suites available for lease.
      4935 Bowling St SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      3,140 SF

      Retail Space in Cedar Rapids

      Retail space available in Cedar Rapids, Iowa.
      5761 C St SW, Cedar Rapids, IA 52404
      View Details
    • $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
    • $5 SF/Yr
      50,000 SF

      Prime Cedar Rapids Retail Space

      50,000 SF Retail Center, Iowa
      3500 Dalton Way, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      Single tenant retail space with drive-thru for lease.
      4050 Westdale Pkwy SW, Cedar Rapids, IA 52404
      View Details
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    3601 16th SW Ave
    Cedar Rapids, IA 52404-2328
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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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