Financial
Distress signals
Property profile

5020 Council St NE Cedar Rapids, IA 52402

FOR LEASE
Office buildings
Property ID
US25-0228789
3,781 SF 0.41 ac lot Built 1981
Last sale Oct 2023 · $520,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a renovated commercial office space located on a main road with building access signage and large, bright windows. It is positioned for easy access to Interstate 380 and is described as having high street visibility. The interior layout includes a reception area, a mix of private offices, an open conference area that can accommodate a bull-pen style configuration, and a kitchenette. The exterior has been renovated, and the building is served by ample on-site parking for customer and client use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$14k
Tax billed · 2022
Assessed value · 2023$344k
Assessed land$124k
Assessed improvement$220k
Effective rate4.19%

Value estimate

· Sep 2026
$390k
$351k – $429k
AI approach$385k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$92/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$71 – $104
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLINN

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply15.5
HVAC Service15.5
Wholesale Shop15.2

Location

5020 Council St NE Cedar Rapids, IA 52402
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4125 Glass NE, Cedar Rapids, IA 52402-2512 $1,000,000 Jul 2025 3,415 SF
4101 Glass NE, Cedar Rapids, IA 52402-2512 $825,000 Jul 2025 3,972 SF
1819 42nd NE, Cedar Rapids, IA 52402-3064 $425,000 Feb 2023 3,509 SF
1116 Ctr Pt NE, Cedar Rapids, IA 52402-3826 $200,000 Dec 2020 3,996 SF
1233 1st SE, Cedar Rapids, IA 52402-5011 $140,000 Nov 2020 3,920 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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