New search
Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
411 1st SW Ave, Cedar Rapids, IA 52405-3957
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0266931
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Total area
4,094 SF
Lot
0.18 ac (7,841 SF)
APN
14-29-1-14-002-0-0000
UPID
US25-0266931
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
-
Northbrook Corporation Construction Company General Contractor
-
Tension Envelope Corporation Envelope Supplier Professional Services
-
Cory Barnard Real Estate Agency
-
barbara vancura - skogman realty Real Estate Agency
-
The Pullman Lofts Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$449k
Blend (final)
Blend
$510k
Owner & transaction history
Midwest Dev Co · 5 yrs held
Midwest Dev Co
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$435,000
+29.7%
Medical building
$410,000
+21.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
RETAIL STORES
$335,000
Current use
AUTO REPAIR, GARAGE
$435,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$410,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$335,000
Change: 0% · Conversion: Moderate
OFFICE BUILDING
$320,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$125 / 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
$7,240
Tax year 2022
Assessed value
$462,600
Assessed 2023
Previous assessed
$462,600
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$45,600
Assessed improvement
$417,000
Land market value
$45,600
Improvement market value
$417,000
Total market value
$462,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2009
Heating
NONE
Stories
2
Rooms
7
Bathrooms
1
Total area
4,094 SF
Lot
0.18 ac (7,841 SF)
APN
14-29-1-14-002-0-0000
UPID
US25-0266931
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
RETAIL STORES Current
Est. value
$335,000
AUTO REPAIR, GARAGE
Est. value
$435,000
MEDICAL BUILDING
Est. value
$410,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$335,000
OFFICE BUILDING
Est. value
$320,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2009
Heating
NONE
Stories
2
Rooms
7
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Midwest Dev Co
Entity
Mailing address
3817 CRESTWOOD DR NW, CEDAR RAPIDS, IA 52405-1912
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
$64,000
Midwest Dev Co
Mooney Engle Land Co LLC
Warranty Deed
—
Feb 6, 2019
—
Hidden Crk Apts LLC
—
Deed
related
$7,062,500 · Us Bk
Dec 14, 2018
—
Hidden Crk Apt LLC
—
Deed
related
$7,062,500 · Us Bk
Oct 29, 2018
—
Skogman Const Co Of Ia
—
Deed
related
$7,990,000 · Us Bk
Sep 26, 2018
$242,000
Kenton M Krumm
Smith,jeremy D & Ann M
Warranty Deed
—
Mar 21, 2018
$320,000
Midwest Dev Co
Hunters Ridge Dev Co Lc
Warranty Deed
—
Jun 2, 2006
—
Thao Nguyen Properties LLC
Tran,anh Q
Quit Claim Deed
related
—
Jun 2, 2006
$200,000
John R O'connor
Thao Nguyen Properties LLC
Warranty Deed
$200,000 · Hiawatha Bank & Trust Co
Feb 1, 2006
—
Thao Nguyen Properties LLC
Nguyen,thao M
Quit Claim Deed
related
—
—
—
Hidden Crk Apt LLC
—
Deed Of Trust
related
$7,062,500 · Us Bk
—
—
John R O'connor
—
Deed Of Trust
related
$121,254 · City Of Cedar Rapids
—
—
Skogman Const Co Of Ia
—
Deed Of Trust
related
$7,990,000 · Us Bk
—
—
Hidden Crk Apts LLC
—
Deed Of Trust
related
$7,062,500 · Us Bk
—
—
John R O'connor
—
Deed Of Trust
related
$163,583 · City Of Cedar Rapids
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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