Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5351 Park NE Pl Cedar Rapids, IA 52402-6216

    • Day care centers
    • 4,530 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimations
    $210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0152955
    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

    • East Cedar Rapids KinderCare / Day Care Center / Preschool

    Property Details for 5351 Park NE Pl

    Year built
    1978
    Lot size
    0.56 lot acres
    Property size
    4,530 SF
    Property type
    Day care centers
    APN
    14-02-2-03-012-0-0000
    APU
    140220301200000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $210,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $154,000
      Market price range: $121k - $283k

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6291
    Latitude
    42.0323
    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
    $9,330
    $82,200
    $180,400
    $262,600
    -
    $82,200
    $180,400
    $262,600

    Comparable in this City

    • Value Estimation
      $290,000
      6,434 SF

      1350 Blairs Fry NE Rd

      DAY CARE, PRE-SCHOOL • 6,434 SF
      1350 Blairs Fry NE Rd, Cedar Rapids, IA 52402-1226
      View Details
    • Value Estimation
      $270,000
      6,021 SF

      1300 Tower NE Ln

      DAY CARE, PRE-SCHOOL • 6,021 SF
      1300 Tower NE Ln, Cedar Rapids, IA 52402-7486
      View Details
    • Value Estimation
      $225,000
      3,672 SF

      2957 Ctr Pt NE Rd

      DAY CARE, PRE-SCHOOL • 3,672 SF
      2957 Ctr Pt NE Rd, Cedar Rapids, IA 52402-4035
      View Details
    • Value Estimation
      $215,000
      4,601 SF

      1525 Hollywood NE Blvd

      DAY CARE, PRE-SCHOOL • 4,601 SF
      1525 Hollywood NE Blvd, Cedar Rapids, IA 52402-2910
      View Details
    • Value Estimation
      $190,000
      3,552 SF

      3336 Pr NE Dr

      DAY CARE, PRE-SCHOOL • 3,552 SF
      3336 Pr NE Dr, Cedar Rapids, IA 52402-3552
      View Details
    • Value Estimation
      $755,000
      38,000 SF

      1215 Skylee NE Dr, Unit 100

      DAY CARE, PRE-SCHOOL • 38,000 SF
      1215 Skylee NE Dr, Cedar Rapids, IA 52402-1445
      View Details

    Similar Nearby for Sale

    • $2,513,500
      2,437 SF

      Cedar Rapids Starbucks Investment Opportunity

      Single-tenant Starbucks for sale on a prime retail corridor.
      3214 1St Ave NE, Cedar Rapids, IA 52402
      View Details
    • $2,250,000
      19,831 SF

      Cedar Rapids Class A Office Complex

      19,831 SF Office & Lab Space, Abundant Parking
      1900 51St St, Cedar Rapids, IA 52402
      View Details
    • $115,777
      1,022 SF

      Spacious Ground-Floor Ranch Condo

      Two-bedroom, two-bath condo with attached garage and in-unit laundry.
      3919 Summerfield Ln, Cedar Rapids, IA 52402
      View Details
    • $1,575,000
      9,936 SF

      Fully Leased Office Investment Property

      High-quality office building in Cedar Rapids, Iowa, fully leased.
      3950 River Ridge Dr NE, Cedar Rapids, IA 52402
      View Details
    • $2,362,335
      7,801 SF

      Cedar Rapids Retail Investment

      7.25% Cap Rate, Multi-Tenant Retail
      1140 Blairs Ferry Rd, Cedar Rapids, IA 52402
      View Details
    • $825,000
      7,360 SF

      Cedar Rapids Office Building

      Multi-tenant office, 7,360 sq ft
      4201 Glass Rd, Cedar Rapids, IA 52402
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      100,000 SF

      Rockwell Drive Industrial Space

      Cedar Rapids warehouse/office space, 12,000-34,000 SF available.
      5255 Rockwell Dr, Cedar Rapids, IA 52402
      View Details
    • $8 SF/Yr
      20,000 SF

      Sierra Court Office Space

      Cedar Rapids Office Building - 6,000 SF Available
      1065 Sierra Ct, Cedar Rapids, IA 52402
      View Details
    • $21 SF/Yr
      43,581 SF

      Lindale Crossing Retail Space

      Cedar Rapids prime retail location, high traffic.
      4840 1St Ave, 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
    • $22 SF/Yr
      1,223 SF

      Retail Space Near Super Target

      Prime retail space in high-traffic Cedar Rapids location.
      1115 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details
    • $8 SF/Yr
      27,096 SF

      Cedar Rapids Office Building

      Prime Office Suites Available, Cedar Rapids, IA
      6300 Rockwell Dr, Cedar Rapids, IA 52402
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5351 Park NE Pl
    Cedar Rapids, IA 52402-6216
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.