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Property profile & analytics
FOR LEASE
Medical Office Space
4201 1St Ave SE Cedar Rapids, IA 52402
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0055199
For Lease
Contact for pricing
4201 1St Ave SE, Cedar Rapids, IA 52402
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1948
Total area
2,268 SF
Lot
0.54 ac (23,522 SF)
APN
14-02-3-77-006-0-0000
UPID
US25-0055199
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
-
Cedar Dental Dental Office
-
Kennedy Karen Dental Office
-
Mr. Peter Ruggiero Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cumberland Dds LLC · 5 yrs held
Cumberland Dds LLC
since 2021
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,906
Tax year 2022
Assessed value
$394,100
Assessed 2023
Previous assessed
$394,100
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$164,600
Assessed improvement
$229,500
Land market value
$164,600
Improvement market value
$229,500
Total market value
$394,100
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
For Lease
Year built
1948
Heating
NONE
Stories
1
Total area
2,268 SF
Lot
0.54 ac (23,522 SF)
APN
14-02-3-77-006-0-0000
UPID
US25-0055199
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
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Cumberland Dds LLC
Entity
Mailing address
4201 1ST AVE SE, CEDAR RAPIDS, IA 52402-3144
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2021
$500,000
Cumberland Dds LLC
Trey Investments LLC
Warranty Deed
$400,000 · Bank Of The West
Sep 11, 2009
$260,000
Trey Investments LLC
M & N Realty Associates
Warranty Deed
$208,000 · Hills Bank & Trust Co
Sep 11, 2009
—
M & N Realty Associates
Maher,john M & Margaret M
Quit Claim Deed
related
—
Sep 26, 2008
$125,000
M & N Realty Associates
Lawlor,robert L & Joyce R
Warranty Deed
—
—
—
Trey Investments LLC
—
Deed Of Trust
related
$460,000 · Hills Bank & Trust Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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