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Property profile & analytics
OFF-MARKET
Investment properties
4990 Johnson NW Ave Cedar Rapids, IA 52405-4204
Entity Owned
5-yr Hold
Free & Clear
Property ID
US25-0366390
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1975
Total area
7,680 SF
Lot
0.3 ac (13,068 SF)
APN
13-25-3-32-004-0-0000
UPID
US25-0366390
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
-
CenturyLink Telecommunications Service
-
Courts Pet Salon Pet Grooming Service
-
PAWlished Pet Spa Pet Grooming Service
-
MOJO IT Services LC Tech Support Center IT Consulting Firm
-
Super Clean Hardware & Home Improvement
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
Northwest Plz Cr LLC · 5 yrs held
Northwest Plz Cr LLC
since 2020
Last sale
$219,000
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
$5,680
Tax year 2022
Assessed value
$365,800
Assessed 2023
Previous assessed
$365,800
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$52,900
Assessed improvement
$312,900
Land market value
$52,900
Improvement market value
$312,900
Total market value
$365,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1975
Heating
NONE
Stories
2
Total area
7,680 SF
Lot
0.3 ac (13,068 SF)
APN
13-25-3-32-004-0-0000
UPID
US25-0366390
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
1975
Heating
NONE
Stories
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Northwest Plz Cr LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4990 JOHNSON AVE NW, CEDAR RAPIDS, IA 52405-4204
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2020
—
Northwest Plz Cr LLC
Rg Dev LLC
Warranty Deed
related
—
Oct 9, 2020
$219,000
Northwest Plz Cr LLC
Rg Dev LLC
Warranty Deed
$236,000 · Hills Bk NA
Sep 17, 2020
$220,000
Rg Dev LLC
Burgess Props LLC
Warranty Deed
—
Jan 5, 2018
$220,000
Rg Dev LLC
Burgess Properties LLC
Grant Deed
—
Jan 5, 2018
—
Rg Dev LLC
—
Trustees Deed
related
$220,000 · Burgess Properties LLC
Jan 25, 2008
$230,000
Mj Ventures LLC
Northwest Plaza LLC
Warranty Deed
—
Jan 25, 2008
$235,000
Burgess Properties LLC
Mj Ventures LLC
Warranty Deed
$300,000 · Hiawatha Bank & Trust Co
—
—
Burgess Properties LLC
—
Deed Of Trust
related
$332,000 · Hiawatha 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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