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    Property profile & analytics

    415 1st SE St Cedar Rapids, IA 52401-1808

    • Turn key restaurants
    • 9,360 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $385,000
    Last Sale
    Apr 12, 2021
    $400,000
    Location Intelligence
    Property ID
    US25-0430297
    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

    • Ready IoT LLC / Telecommunications Service Provider
    • icorr / Non-Profit Organization
    • mycarchief / Car Repair And Maintenance Service

    Property Details for 415 1st SE St

    Year built
    1923
    Lot size
    0.12 lot acres
    Property size
    9,360 SF
    Property type
    Turn key restaurants
    APN
    14-28-1-36-001-0-0000
    APU
    142813600100000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $490,000
      6.5%
      $515,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $420,000
      Geo Method
      $435,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $545,000
      Retail
      $405,000
      Mixed-Use
      $470,000
      Hospitality
      $550,000
      Educational
      $505,000
      Residential Income
      $420,000
      Energy
      $465,000
      Income-Based Land
      $485,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6671
    Latitude
    41.9749
    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
    $15,772
    $153,000
    $342,400
    $495,400
    -
    $153,000
    $342,400
    $495,400

    Comparable in this City

    • Value Estimation by Request
      704 SF

      629 12th SE Ave

      RESTAURANT • 704 SF
      629 12th SE Ave, Cedar Rapids, IA 52401-2418
      View Details
    • Value Estimation
      $210,000
      4,970 SF

      616 2nd SE Ave

      RESTAURANT • 4,970 SF
      616 2nd SE Ave, Cedar Rapids, IA 52401-1306
      View Details
    • Value Estimation
      $260,000
      1,053 SF

      416 3rd SE St

      RESTAURANT • 1,053 SF
      416 3rd SE St, Cedar Rapids, IA 52401-8401
      View Details
    • Value Estimation by Request
      9,660 SF

      207 1st SE Ave

      RESTAURANT • 9,660 SF
      207 1st SE Ave, Cedar Rapids, IA 52401-1101
      View Details
    • Value Estimation
      $190,000
      1,656 SF

      203 16th SE Ave

      RESTAURANT • 1,656 SF
      203 16th SE Ave, Cedar Rapids, IA 52401-2606
      View Details
    • Value Estimation
      $210,000
      1,600 SF

      715 2nd SE Ave

      RESTAURANT • 1,600 SF
      715 2nd SE Ave, Cedar Rapids, IA 52401-1307
      View Details

    Similar Nearby for Sale

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      Turnkey Restaurant Opportunity on 1st

      1,050 SF restaurant with FF&E, high visibility location.
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    • $825,000
      1,800 SF

      Turn-Key Bar/Restaurant in Cedar Rapids

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      Built-Out Salon on Second Floor

      Fully equipped salon with rental income potential and TIF benefits.
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      Downtown Cedar Rapids Investment Opportunity

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      Versatile Commercial Space For Sale

      2,850 SF space with modern industrial design, leased until 2027.
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    Similar Nearby for Lease

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      Prime Cedar Rapids office space, various sizes.
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    • $15 SF/Yr

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    • $10 SF/Yr
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      Renovated Retail/Office Space Available

      Newly renovated retail or office space in downtown Cedar Rapids.
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    • $8 SF/Yr
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      Downtown Cedar Rapids Retail Space

      Prime retail/office space, Kingston Yard development.
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    • $13 SF/Yr
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      Retail/Office Space in Cedar Rapids

      Multiple retail/office units available for lease in Cedar Rapids.
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      View Details
    • $9 SF/Yr
      66,445 SF

      Downtown Cedar Rapids Office Space

      Prime Office Suites, 2,727-3,777 SF
      207 2Nd Ave, Cedar Rapids, IA 52401
      View Details
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    415 1st SE St
    Cedar Rapids, IA 52401-1808
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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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