Property profile

500 Marion Blvd Marion, IA 52302

OFF-MARKET
Strip malls
Property ID
US25-0056750
7,598 SF 1.04 ac lot Built 2006
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Total area 7,598 SF
Lot 1.04 ac (45,302 SF)
APN 14-01-2-53-022-0-0000
UPID US25-0056750

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
  • Hair Salon Nail Salon
  • Restaurant
  • Tax Preparation

Location

500 Marion Blvd Marion, IA 52302-3123
Marion metro Census 300 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.19M
Comparable Approach Comparable
$694k
Blend (final) Blend
$930k

Owner & transaction history

since 2024
Last sale
$920,000
2 recorded transactions
2024
$920,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $860,000 +10.3%
Auto repair, garage $810,000 +3.9%

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
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