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    3620 Edgewood SW Rd Cedar Rapids, IA 52404-7205

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    3620 Edgewood SW Rd Cedar Rapids, IA 52404-7205


    • Strip malls
    • 17,957 SF
    • 1.82 lot acres
    Off-Market
    Last Sale Jan 25, 2022
    $2,895,000
    Property ID
    US25-0375829
    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.

    Value Estimations
    $2,225,000
    Show details
    Cap Rate Potential
    8.8%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Iowa Style Apparel / Clothing Store / Custom T-Shirt Store
    • Maurices / Clothing & Fashion Store
    • Famous Footwear / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Blake Tiedtke / Physician
    • Justin Bonzato / Physician

    Property Details for 3620 Edgewood SW Rd

    Year built
    2007
    Lot size
    1.82 lot acres
    Property size
    17,957 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    20011-76003-00000
    APU
    200117600300000

    Description

    This 1,350 sq ft retail space is located within a larger 17,957 sq ft shopping center at 3620 Edgewood Rd SW, Cedar Rapids, IA 52404. Built in 2007, this single-story building sits on a 1.82-acre lot and is zoned for Suburban Mixed Use Regional Center. The space offers an open concept layout, an in-suite restroom, a private office, and a back storage area. The property boasts high visibility with over 41,000 vehicles passing daily. Strong co-tenants include well-known national and regional brands such as Maurice's, Famous Footwear, Sally Beauty Supply, and a physical therapy practice. This location enjoys convenient access to Highway 30 and is situated just south of the Westdale shopping area in Linn County. The available space is part of a larger, established shopping center, presenting a prime opportunity for a variety of retail businesses. The property features a single building with multiple tenants. The total building size is 17,957 square feet, with 1,350 square feet currently vacant.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,075,000
      ML approach
      $2,180,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $3,030,000
      6.5%
      $2,800,000
      7%
      $2,600,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,773,000
      Market price range: $918k - $2.30M
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,470,000
      Current use
      RESTAURANT
      $2,840,000
      Change: +93% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,915,000
      Change: +30% Conversion: Difficult
      MEDICAL BUILDING
      $1,795,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $1,480,000
      Change: +0% Conversion: Easy
      OFFICE BUILDING
      $1,400,000
      Change: -5% Conversion: Moderate

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


    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.7167
    Latitude
    41.9425
    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
    $89,216
    $1,092,000
    $1,707,800
    $2,799,800
    -
    $1,092,000
    $1,707,800
    $2,799,800
    More about this property
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