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Property profile & analytics
OFF-MARKET
Estimated value
$10,140,000
Grocery and convenience stores
5050 Edgewood NE Rd Cedar Rapids, IA 52411-6613
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0186043
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2005
Total area
83,312 SF
Lot
11.36 ac (494,842 SF)
APN
14-06-1-76-005-0-0000
UPID
US25-0186043
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
-
Hy-Vee Market Grille Cedar Rapids Restaurant
-
Here & Now Auto Auto Repair Shop
-
Wahlburgers Restaurant
-
Hy-Vee Floral (Bike/Boat/Book/etc) Store Florist
-
Hy-Vee Wine & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.12M
Comparable Approach
Comparable
$10.97M
Blend (final)
Blend
$10.14M
Owner & transaction history
Hurd Edgewood LLC · 9 yrs held
Hurd Edgewood LLC
since 2016
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.2M
+92.1%
Auto repair, garage
$8.9M
+29.7%
Medical building
$8.3M
+21.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,130,000
6.5%
$12,120,000
7%
$11,255,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,855,000
Current use
RESTAURANT
$13,165,000
Change: +92% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,890,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$8,320,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,825,000
Change: 0% · Conversion: Moderate
OFFICE BUILDING
$6,505,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$10.14M
Range $9.13M – $11.15M · ±10%
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
$122 / 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
$227,202
Tax year 2022
Assessed value
$10,711,100
Assessed 2023
Previous assessed
$10,711,100
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,842,000
Assessed improvement
$8,869,100
Land market value
$1,842,000
Improvement market value
$8,869,100
Total market value
$10,711,100
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
83,312 SF
Lot
11.36 ac (494,842 SF)
APN
14-06-1-76-005-0-0000
UPID
US25-0186043
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
RETAIL STORES Current
Est. value
$6.9M
RESTAURANT
Est. value
$13.2M
AUTO REPAIR, GARAGE
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$8.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.5M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
2005
Heating
NONE
Stories
1
Lot
11.36 ac
Current owner
From public records · entity-resolved
Hurd Edgewood LLC
Entity
Mailing address
5820 WESTOWN PKWY, WEST DES MOINES, IA 50266-8223
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Nov 9, 2016
$13,001,500
Hurd Edgewood LLC
Hviace-0001 Arc LLC
Grant Deed
$10,400,982 · University Of Ia Cmnty Cu
Dec 12, 2006
$12,990,500
Hviace-0001 Arc LLC
Hy-vee INC
Grant Deed
related
$11,622,000 · Ubs Real Estate Investment INC
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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