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Financial
Distress signals
Property profile

5313 N Park Pl NE Cedar Rapids, IA 52402

FOR SALE
Strip malls
Property ID
US25-0220232
11,200 SF 0.83 ac lot Built 1995
Last sale Sep 2014 · $1,040,000
Individually Owned Owner of record is an individual. 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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5313 N Park Pl NE, Cedar Rapids, IA 52402 For Sale
$895,000 11,200 SF
5313 N Park Pl NE, Cedar Rapids, IA 52402
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Property summary

AI-generated overview

The property is an office unit constructed in 1995, featuring a layout with 3 private offices, 3 training rooms, a reception area, and a break area, with the space configured to be subdivided for different occupancy needs. An additional adjacent area of approximately 1,500 square feet may be combined with the suite to expand usable space. The site is located at 5313 N Park Place NE in Cedar Rapids, near Lindale Mall, and is under S-MR zoning. The property includes a lighted sign and is served by ample on-site parking for occupants and visitors.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$32k
Tax billed · 2022
Assessed value · 2023$877k
Assessed land$124k
Assessed improvement$753k
Effective rate3.66%

Value estimate

· Oct 2026
$885k
$797k – $974k
Submarket $/SF estimate$634k
NOI build-up
Gross scheduled income$94k
Vacancy & credit loss−$22k
Operating expenses−$18k
NOI · 6.01% cap applied$54k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$51 – $128

Cap rate analysis

How does the asset earn?
6.01%
$54k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 Supply16.4
Wholesale Shop14.9
Dental Office14.8

Location

5313 N Park Pl NE Cedar Rapids, IA 52402
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
500 Blairs Fry NE, Cedar Rapids, IA 52402-1466 $3,550,000 Jan 2023 8,632 SF
600 Blairs Fry NE, Cedar Rapids, IA 52402-1475 $3,550,000 Jan 2023 8,580 SF
1950 Dodge NE, Cedar Rapids, IA 52402-2411 $1,650,000 Jul 2021 17,600 SF
5945 Rockwell NE, Cedar Rapids, IA 52402-7360 $217,500 May 2021 10,604 SF
151 Collins NE, Cedar Rapids, IA 52402-3265 $2,995,000 Oct 2019 8,979 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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