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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Medical Office Space
3800 Riv Rdg NE Dr Cedar Rapids, IA 52402-7530
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US25-0200373
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Total area
6,104 SF
Lot
1.15 ac (50,094 SF)
APN
14-07-1-77-001-0-0000
UPID
US25-0200373
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
-
VIP Massage Alternative Medicine Practice Spa & Massage Center
-
Spinal Corrective Center P.C. Alternative Medicine Practice
-
Janet M. Cuhel, DC Alternative Medicine Practice
-
Travis J. Robertson, DC Alternative Medicine Practice
-
Marcie Mckenna Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$310k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$646k
Blend (final)
Blend
$505k
Owner & transaction history
Acquired Capital II LP · 8 yrs held
Acquired Capital II LP
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$650,000
+6.8%
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
$310,000
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$610,000
Current use
AUTO REPAIR, GARAGE
$650,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$560,000
Change: -8% · Conversion: Easy
RETAIL STORES
$500,000
Change: -18% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$500,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$83 / 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
$27,850
Tax year 2022
Assessed value
$1,032,000
Assessed 2023
Previous assessed
$1,032,000
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$230,000
Assessed improvement
$802,000
Land market value
$230,000
Improvement market value
$802,000
Total market value
$1,032,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Heating
NONE
Stories
1
Total area
6,104 SF
Lot
1.15 ac (50,094 SF)
APN
14-07-1-77-001-0-0000
UPID
US25-0200373
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
MEDICAL BUILDING Current
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$650,000
OFFICE BUILDING
Est. value
$560,000
RETAIL STORES
Est. value
$500,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$500,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1996
Heating
NONE
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Acquired Capital II LP
Entity
Mailing address
2111 COTTAGE GRV LN PL SE, CEDAR RAPIDS, IA 52403-1601
Ownership since
2018
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
Jun 28, 2018
—
Teamjag LLC
—
Deed
related
$300,000 · Hiawatha Bk&tr
Jan 11, 2018
—
Acquired Capital II LP
Doubet,john R
Quit Claim Deed
related
—
Jan 11, 2018
$625,000
Teamjag LLC
Acquired Capital II LP
Grant Deed
$1,000,000 · Hiawatha Bk&tr
Aug 18, 2017
$700,000
Acquired Capital II LP
Deputy Sheriff Of Linn County|doubet,john R
Trustees Deed
related
—
Oct 20, 2008
$705,000
John Doubet
Benson Colortech Leasing INC
Warranty Deed
—
—
—
Benson Colortech Leasing INC
—
Deed Of Trust
related
$266,000 · Farmers & Mechanics Bank
—
—
Teamjag LLC
—
Deed Of Trust
related
$300,000 · Hiawatha 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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