Property profile

4444 1st NE Ave Cedar Rapids, IA 52402

OFF-MARKET
Amusement parks
Property ID
US25-1000092
6,600 SF 0.71 ac lot Built 1989
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is a 2,759-square-foot commercial space in Cedar Rapids, Iowa, situated in a high-traffic retail corridor near Lindale Mall with access to off-site visitor traffic. It is zoned for commercial use and was configured as an escape room entertainment business, featuring three operating escape rooms with the physical layout allowing for the addition of more rooms if desired. The site is described as being on a 45,302-acre lot, and the premises are set up for entertainment operations within this commercial zoning framework.

Property profile

Verified
Property type Amusement parks
Use group AUTO REPAIR, GARAGE
Year built 1989
Total area 6,600 SF
Lot 0.71 ac (30,928 SF)
APN 14-02-4-52-005-0-0000
UPID US25-1000092

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Clothing & Fashion Store
  • Electronics & Wireless Store Mobile Phone Store
  • Clothing & Fashion Store
  • Clothing & Fashion Store
  • Haunted House

Location

4444 1st NE Ave Cedar Rapids, IA 52402-3215
Cedar Rapids metro Census 700 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
$873k
Blend (final) Blend
$1.03M

Owner & transaction history

since 2024
Last sale
$1.0M
2 recorded transactions
2024
$1.0M
2022
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.0M +48.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4444 1st NE Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message