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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Amusement parks
4444 1st NE Ave, Cedar Rapids, IA 52402-3215
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-1000092
Property summary
AI-generated overview
This is a 2,759 square foot commercial space located in Cedar Rapids, Iowa, situated on a 45302 acre lot. The location benefits from high traffic volume, with over 19,000 vehicles passing daily, and is positioned near Lindale Mall. The property is zoned for commercial use and was previously configured as an escape room business, featuring three operating escape rooms with the potential for additional rooms. The configuration is suitable for entertainment or similar commercial ventures.
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Express Factory Outlet - Closing soon! (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
PAPA MDI FAMILY LLC Electronics & Wireless Store Mobile Phone Store
-
Men's Wearhouse Clothing & Fashion Store
-
Torrid Clothing & Fashion Store
-
The 5th Realm Haunted House
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
Ns Retail Holdings LLC · 2 yrs held
Ns Retail Holdings LLC
since 2024
Last sale
$1.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+48.2%
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
$1,030,000
ML approach
$1,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$705,000
Current use
RESTAURANT
$1,045,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$660,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10% · vs last sale $1.03M (Jul 1 2024)
Last sale anchor
$1.03M
Jul 1 2024
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
$156 / 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
$32,146
Tax year 2022
Assessed value
$895,500
Assessed 2023
Previous assessed
$895,500
+0.0% YoY
Effective rate
3.59%
On assessed value
Assessed land
$355,000
Assessed improvement
$540,500
Land market value
$355,000
Improvement market value
$540,500
Total market value
$895,500
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
Amusement parks
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1989
Stories
1
Total area
6,600 SF
Lot
0.71 ac (30,928 SF)
APN
14-02-4-52-005-0-0000
UPID
US25-1000092
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
AUTO REPAIR, GARAGE Current
Est. value
$705,000
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$660,000
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL 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
1989
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Ns Retail Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
180 E BROAD ST, COLUMBUS, OH 43215-3707
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
$1,032,258
Ns Retail Holdings LLC
Lindale Mall LLC
Warranty Deed
—
Sep 20, 2022
—
Lindale Mall LLC
—
Deed
related
$126,183,320 · Glas Americas LLC
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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