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    Property profile & analytics

    402 2nd SE Ave Cedar Rapids, IA 52401-1302

    • Bars
    • 8,372 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 24, 2022
    Location Intelligence
    Property ID
    US25-0198405
    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

    • Hazzard County American Saloon / Bar / Night Club

    Property Details for 402 2nd SE Ave

    Year built
    1961
    Lot size
    0.48 lot acres
    Property size
    8,372 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    14-21-4-57-007-0-0000
    APU
    142145700700000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6653
    Latitude
    41.9797
    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
    $32,822
    $252,000
    $674,100
    $926,100
    -
    $252,000
    $674,100
    $926,100

    Comparable in this City

    • Value Estimation by Request
      16,800 SF

      427 2nd SE Ave

      BAR, TAVERN • 16,800 SF
      427 2nd SE Ave, Cedar Rapids, IA 52401-1301
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    • Value Estimation
      $260,000
      4,647 SF

      219 16th SE Ave

      BAR, TAVERN • 4,647 SF
      219 16th SE Ave, Cedar Rapids, IA 52401-2606
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    • Value Estimation
      $380,000
      2,443 SF

      600 1st St Se Ste 1b

      BAR, TAVERN • 2,443 SF
      600 1st St Se Ste 1b, Cedar Rapids, IA 52401-2020
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    • Value Estimation by Request
      7,182 SF

      708 3rd SE St

      BAR, TAVERN • 7,182 SF
      708 3rd SE St, Cedar Rapids, IA 52401-2012
      View Details
    • Value Estimation
      $285,000
      5,954 SF

      1313 3rd SE St

      BAR, TAVERN • 5,954 SF
      1313 3rd SE St, Cedar Rapids, IA 52401
      View Details
    • Value Estimation
      $2,545,000
      14,400 SF

      329 2nd SE Ave

      BAR, TAVERN • 14,400 SF
      329 2nd SE Ave, Cedar Rapids, IA 52401-1207
      View Details

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    402 2nd SE Ave
    Cedar Rapids, IA 52401-1302
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    Realmo Value Estimation

    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.

    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.

    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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