Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    370 Edgewood NW Rd Cedar Rapids, IA 52405-3650

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    370 Edgewood NW Rd Cedar Rapids, IA 52405-3650

    View on Map
    • Auto shops
    • 3,960 SF
    • 1.06 lot acres
    Off-Market
    Property ID
    US25-0188112
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jiffy Lube / Auto Repair Shop

    Property Details for 370 Edgewood NW Rd

    Year built
    1984
    Lot size
    1.06 lot acres
    Property size
    3,960 SF
    Property type
    Auto shops
    APN
    13-25-1-01-022-0-0000
    APU
    132510102200000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    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
    41.9763
    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
    $19,698
    $360,000
    $299,200
    $659,200
    -
    $360,000
    $299,200
    $659,200

    Comparable in this City

    • Value Estimation by Request
      1,383 SF

      4547 Johnson NW Ave

      AUTO REPAIR, GARAGE • 1,383 SF
      4547 Johnson NW Ave, Cedar Rapids, IA 52405-4213
      View Details
    • Value Estimation by Request
      4,284 SF

      4705 Johnson NW Ave

      AUTO REPAIR, GARAGE • 4,284 SF
      4705 Johnson NW Ave, Cedar Rapids, IA 52405-4209
      View Details
    • Value Estimation
      $700,000
      12,066 SF

      515 8th NW St

      AUTO REPAIR, GARAGE • 12,066 SF
      515 8th NW St, Cedar Rapids, IA 52405
      View Details
    • Value Estimation by Request
      4,200 SF

      120 Jacolyn NW Dr

      AUTO REPAIR, GARAGE • 4,200 SF
      120 Jacolyn NW Dr, Cedar Rapids, IA 52405-4202
      View Details
    • Value Estimation by Request
      1,502 SF

      801 1st SW Ave

      AUTO REPAIR, GARAGE • 1,502 SF
      801 1st SW Ave, Cedar Rapids, IA 52405-3935
      View Details
    • Value Estimation by Request
      1,711 SF

      4648 Johnson NW Ave

      AUTO REPAIR, GARAGE • 1,711 SF
      4648 Johnson NW Ave, Cedar Rapids, IA 52405-4210
      View Details

    Similar Nearby for Sale

    • $320,000
      3,050 SF

      Cedar Rapids Commercial Opportunity

      Turnkey bar/restaurant with apartment and storage in prime location.
      912 1St Ave, Cedar Rapids, IA 52405
      View Details
    • Contact for pricing

      Development Land in Cedar Rapids

      Prime commercial land in high-visibility area with significant traffic.
      327 Edgewood Rd NW, Cedar Rapids, IA 52405
      View Details
    • $240,000
      1,508 SF

      Updated Duplex in CedarRapids

      Well-maintained duplex with long-term rental income potential.
      819 G Ave NW, Cedar Rapids, IA 52405
      View Details
    • Contact for pricing

      Commercial Land Near 1st Ave NE

      Commercial land suitable for retail or service business.
      1511 A Ave NE, Cedar Rapids, IA 52405
      View Details
    • New
      $179,450
      1,694 SF

      Cedar Rapids Multifamily Property

      Multifamily property for sale in Cedar Rapids, Iowa.
      1216 5Th St NW, Cedar Rapids, IA 52405
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,590 SF

      Retail Space in Cedar Rapids

      Prime retail location with high visibility and ample parking.
      341-369 Edgewood Rd NW, Cedar Rapids, IA 52405
      View Details
    • Contact for pricing
      1,400 SF

      Prime NW Cedar Rapids Retail

      Retail space in high-traffic Cedar Rapids corridor with strong co-tenants.
      371-393 Edgewood Rd NW, Cedar Rapids, IA 52405
      View Details
    • Contact for pricing

      Downtown Mixed-Use Retail/Office Space

      Retail/office space in downtown Cedar Rapids with high visibility.
      609 1St Ave SW, Cedar Rapids, IA 52405
      View Details
    • Contact for pricing

      Move-In Ready Office Space

      Well-designed office space with six private offices in prime location.
      3100 E Ave NW, Cedar Rapids, IA 52405
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    370 Edgewood NW Rd
    Cedar Rapids, IA 52405-3650
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!