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Property profile & analytics
FOR SALE
Office buildings
425 2Nd St SE Cedar Rapids, IA 52401
Entity Owned
2-yr Hold
Free & Clear
Property ID
US25-0313229
For Sale
1 / 13
Contact for pricing
425 2Nd St SE, Cedar Rapids, IA 52401
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
5,260 SF
APN
14-28-1-33-005-0-1019
UPID
US25-0313229
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
-
Hard Money Lenders Cedar Rapids IA Loan Service
-
Patty Sampson Law Firm
-
Heuer Publishing Publishing House
-
Keegan, Tindal & Jaeger Law Firm
-
i107-1 Advertising Agency Marketing & Advertising
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
Full Tree LLC · 2 yrs held
Full Tree LLC
since 2024
7 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
$4,838
Tax year 2022
Assessed value
$103,500
Assessed 2023
Previous assessed
$103,500
+0.0% YoY
Effective rate
4.67%
On assessed value
Assessed improvement
$103,500
Improvement market value
$103,500
Total market value
$103,500
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1982
Heating
NONE
Stories
1
Total area
5,260 SF
APN
14-28-1-33-005-0-1019
UPID
US25-0313229
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
1982
Heating
NONE
Stories
1
Current owner
From public records · entity-resolved
Full Tree LLC
Entity
Free & Clear · 2 yrs held
Mailing address
425 2ND ST SE STE #1140, CEDAR RAPIDS, IA 52401-1848
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2026
—
Silent Woman LLC
—
Deed
related
$655,000 · Cedar Rapids Bank And Trust Company
Mar 26, 2025
—
Full Tree LLC
—
Deed
related
$394,500 · Farmers State Bank
Feb 2, 2024
—
Full Tree LLC
The Center Owners Association INC
Special Warranty Deed
—
Dec 5, 2023
—
The Center Owners Association INC
425 Cedar Properties LLC
Special Warranty Deed
—
Aug 5, 2021
—
River View Investments LLC
—
Deed
related
$171,739 · Hill Bank & Trust Co
Mar 28, 2019
—
Morf & Moss Hldgs LLC
—
Deed
related
$1,044,000 · Cedar Rapids Bk&tr
Feb 6, 2019
—
River View Invs LLC
Noleshawk Invs LLC
Warranty Deed
related
—
Aug 21, 2018
—
Pjl Llce
Us Small Busn Admn
Quitclaim Deed
related
—
Jun 22, 2018
—
Pjl LLC
—
Deed
related
$200,000 · Kerndt Brothers Svgs Bk-cedar
Apr 9, 2018
—
Sunset Vlg Mhp LLC
—
Deed
related
$1,950,000 · Walcott Tr & Svgs Bk
Feb 9, 2018
—
Noleshawk Investments LLC
—
Deed
related
$1,095,000 · Farmers & Merchants Svgs Bk
Sep 29, 2017
—
Morf & Moss Holdings LLC
—
Deed
related
$732,000 · Bankers Tr
Mar 1, 2017
$600,000
Sha Realty Co LLC
D & L Holdings Lc
Trust Deed
$1,300,000 · Farmers & Merchants Svgs Bk
Feb 10, 2017
$865,000
Sha Realty Co LLC
R & B Realty LLC
Warranty Deed
$1,300,000 · Farmers & Merchants Svgs Bk
Jan 31, 2017
—
Noleshawk Investments LLC
—
Deed
related
$600,000 · Bankers Tr
Nov 4, 2016
—
425 Cedar Properties LLC
—
Deed
related
—
Oct 11, 2006
$2,350,000
Panda Investments INC
Apac Customer Services INC
Grant Deed
$2,600,000 · Guaranty Bank
—
—
Panda Investments INC
—
Deed Of Trust
related
$100,000 · Collins Community Cu
—
—
Panda Investments INC
—
Deed Of Trust
related
$2,512,000 · Super Wings International Ltd
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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