Property profile & analytics
5005 Bowling SW St Cedar Rapids, IA 52404-5070
- Office buildings
- 17,285 SF
- 2.84 lot acres
OFF-MARKET
Value Estimations
$1,330,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US25-0385676
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Cedar Rapids Recovery Center / Medical Clinic
- Cedar Rapids Comprehensive Treatment Center / Medical Clinic
- Compassus / Home Health Care Service / Hospice
- Arleen Zahn-Houser / Pediatrician / Physician
Property Details for 5005 Bowling SW St
- Year built
- 1999
- Lot size
- 2.84 lot acres
- Property size
- 17,285 SF
- Property type
- Office buildings
- APN
- 19-10-2-52-002-0-0000
- APU
- 191025200200000
Description
This exceptional 17,285 square foot office building, situated on a 2.84-acre lot in Cedar Rapids, Iowa, offers a unique opportunity for businesses seeking high-visibility space. Built in 1999, the single-story building is currently undergoing renovations, including updated paint, flooring, and finishes, ensuring a modern and attractive workspace. Currently, 9,980 square feet of contiguous space is immediately available, divisible into units as small as 1,866 square feet. The property boasts a highly desirable location, conveniently situated just off the Highway 30 exit ramp on Bowling Street, ensuring excellent accessibility. The zoning is Suburban Mixed Use Community Center, offering flexibility for various business types. Additional space will become available in a neighboring suite by January 1, 2025. The property's APN is 19102-52002-00000. Pass-through expenses are estimated and include tenant electricity. This is an ideal location for businesses seeking a prominent presence in a thriving Cedar Rapids community. The property is zoned for multiple tenants.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,475,000
- 6.5%
- $1,360,000
- 7%
- $1,265,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,550,000
- AI Estimate
- $1,073,000
Market price range: $900k - $1.71MMarket price range: $373k - $1.38M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,350,000 Current use
- AUTO REPAIR, GARAGE
- $1,845,000 Change: +37% Conversion: Difficult
- MEDICAL BUILDING
- $1,725,000 Change: +28% Conversion: Easy
- RETAIL STORES
- $1,420,000 Change: +5% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $1,415,000 Change: +5% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.6558
- Latitude
- 41.929
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$83,162
$387,200
$1,427,300
$1,814,500
-
$387,200
$1,427,300
$1,814,500
