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Financial
Distress signals
Property profile

402 2nd SE Ave Cedar Rapids, IA 52401

OFF-MARKET
Bars & Pubs
Property ID
US25-0198405
8,372 SF 0.48 ac lot Built 1961
Last sale Dec 2012 · $875,000
Individually Owned Owner of record is an individual. 13-yr Hold Held for 13 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$33k
Tax billed · 2022
Assessed value · 2023$926k
Assessed land$252k
Assessed improvement$674k
Effective rate3.54%

Value estimate

· Oct 2026
$1.02M
$914k – $1.12M
Submarket $/SF estimate$947k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$158/SF
Submarket average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$95 – $216
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLINN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store17.3
Wholesale Shop11.5
HVAC Service10.2

Location

402 2nd SE Ave Cedar Rapids, IA 52401-1302
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
624 5th SE, Cedar Rapids, IA 52401 $360,000 Feb 2025 5,372 SF
329 2nd SE, Cedar Rapids, IA 52401-1207 $2,800,000 Dec 2021 14,400 SF
212 2nd SE, Cedar Rapids, IA 52401 $8,400,000 Nov 2021 10,840 SF
415 1st SE, Cedar Rapids, IA 52401-1808 $400,000 Apr 2021 9,360 SF
617 8th SE, Cedar Rapids, IA 52401-2117 $1,085,000 Jan 2020 7,428 SF
319 7th SE, Cedar Rapids, IA 52401-1604 $295,000 Jan 2020 6,781 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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