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    Property profile & analytics

    5145 Rockwell NE Dr Cedar Rapids, IA 52402-2029

    • Hotels
    • 50,225 SF
    • 1.96 lot acres
    OFF-MARKET
    Value Estimations
    $1,390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0183149
    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

    • MainStay Suites Cedar Rapids North - Marion / Hotel & Motel / Vacation Rental

    Property Details for 5145 Rockwell NE Dr

    Year built
    2002
    Lot size
    1.96 lot acres
    Property size
    50,225 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    14-03-2-76-007-0-0000
    APU
    140327600700000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,610,000
      6.5%
      $1,485,000
      7%
      $1,380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,291,000
      Market price range: $604k - $1.98M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,230,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6498
    Latitude
    42.0309
    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
    $128,012
    $588,000
    $3,478,600
    $4,066,600
    -
    $588,000
    $3,478,600
    $4,066,600

    Comparable in this City

    • Value Estimation
      $1,735,000
      58,688 SF

      4444 Czech NE Ln

      HOTEL/MOTEL • 58,688 SF
      4444 Czech NE Ln, Cedar Rapids, IA 52402-2338
      View Details
    • Value Estimation
      $540,000
      23,128 SF

      5055 Rockwell NE Dr

      HOTEL/MOTEL • 23,128 SF
      5055 Rockwell NE Dr, Cedar Rapids, IA 52402-2027
      View Details
    • Value Estimation
      $725,000
      25,938 SF

      90 Twixt Town NE Rd

      HOTEL/MOTEL • 25,938 SF
      90 Twixt Town NE Rd, Cedar Rapids, IA 52402-3205
      View Details
    • Value Estimation
      $870,000
      43,846 SF

      2215 Blairs Fry NE Rd

      HOTEL/MOTEL • 43,846 SF
      2215 Blairs Fry NE Rd, Cedar Rapids, IA 52402-1917
      View Details
    • Value Estimation
      $1,235,000
      41,120 SF

      1230 Collins NE Rd

      HOTEL/MOTEL • 41,120 SF
      1230 Collins NE Rd, Cedar Rapids, IA 52402-2008
      View Details
    • Value Estimation
      $2,690,000
      32,928 SF

      2025 Werner NE Ave

      HOTEL/MOTEL • 32,928 SF
      2025 Werner NE Ave, Cedar Rapids, IA 52402-2464
      View Details

    Similar Nearby for Sale

    • $30,000
      0.45 Acres

      Residential Lot in Cedar Rapids

      Vacant lot ideal for single-family home in Cedar Rapids.
      3050 Center Point Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      0.13 Acres

      Residential Lot in Cedar Rapids

      Residential lot with city utilities, close to amenities.
      1310 K Ave NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing
      15,200 SF

      Cedar Rapids Commercial Property For Sale

      Commercial property in Cedar Rapids, Iowa, suitable for various uses.
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      3,781 SF

      Renovated Office Space For Sale

      High-visibility office space with renovated exterior and ample parking.
      5020 Council St NE, Cedar Rapids, IA 52402
      View Details
    • $1,670,000
      15,803 SF

      Cedar Rapids Retail Investment Opportunity

      High-traffic strip center anchored by Dollar General and other tenants.
      266 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
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    • Contact for pricing
      3,232 SF

      Professional Office Space Available

      Flexible office space in premier Cedar Rapids office park.
      3900 River Ridge Dr NE A & B, Cedar Rapids, IA 52402
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space at Lindale Crossing

      2,250 SF retail space in a busy shopping center.
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      View Details
    • $12 SF/Yr

      Retail/Office Space in Growing Area

      Retail or office space available in a growing Cedar Rapids area.
      576 Boyson Rd NE, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for ground lease or build-to-suit.
      1305 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details
    • $9 SF/Yr
      11,250 SF

      Hiawatha Office Space Available

      Prime Linn County office suites, flexible space.
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      View Details
    • Contact for pricing

      Premium Office Space with Pond View

      Modern office building with pond views and flexible layout.
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      View Details
    • Contact for pricing

      Remodeled Office Space Available

      Remodeled office space for rent, up to 1700 SF.
      3525 Center Point Rd NE, Cedar Rapids, IA 52402
      View Details
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    5145 Rockwell NE Dr
    Cedar Rapids, IA 52402-2029
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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