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    Property profile & analytics

    5408 Blairs Frst NE Way Cedar Rapids, IA 52402-8802

    • Strip malls
    • 1,100 SF
    OFF-MARKET
    Value Estimation
    $235,000
    Location Intelligence
    Property ID
    US25-0213891
    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

    • Coldwell Banker Hedges Realty / Real Estate Agency / Real Estate Agent
    • Brooke Skaggs / Real Estate Agent / Commercial Real Estate Agency
    • SoldByJZ Team at CBH Realty / Real Estate Agent
    • John Ritchison, Realtor / Real Estate Agent
    • Coldwell Banker Hedges Realty - Daniel Seda, CRS, GRI / Real Estate Agent

    Property Details for 5408 Blairs Frst NE Way

    Year built
    1990
    Property size
    1,100 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    14-05-1-06-005-0-1007
    APU
    140510600501007

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $225,000

    • CAP approach

      CAP return
      Estimation
      6%
      $225,000
      6.5%
      $240,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $255,000
      Geo Method
      $235,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $230,000
      Retail
      $285,000
      Mixed-Use
      $265,000
      Hospitality
      $235,000
      Educational
      $255,000
      Residential Income
      $210,000
      Energy
      $240,000
      Income-Based Land
      $240,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6785
    Latitude
    42.0331
    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
    $3,976
    $29,300
    $78,200
    $107,500
    -
    $29,300
    $78,200
    $107,500

    Comparable in this City

    • Value Estimation by Request
      15,827 SF

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    • Value Estimation by Request
      8,309 SF

      6905 C NE Ave

      SHOPPING CENTER, STRIP CENTER • 8,309 SF
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    • Value Estimation by Request
      11,565 SF

      4330 Czech NE Ln

      SHOPPING CENTER, STRIP CENTER • 11,565 SF
      4330 Czech NE Ln, Cedar Rapids, IA 52402-2334
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    • Value Estimation
      $630,000
      613 SF

      7085 C Ave Nea7

      SHOPPING CENTER, STRIP CENTER • 613 SF
      7085 C Ave Nea7, Cedar Rapids, IA 52402-1470
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    • Value Estimation
      $290,000
      1,288 SF

      7037 C NE Ave, Unit 2

      SHOPPING CENTER, STRIP CENTER • 1,288 SF
      7037 C NE Ave, Cedar Rapids, IA 52402-1469
      View Details
    • Value Estimation by Request
      11,244 SF

      2010 Sylvia NE Ave

      SHOPPING CENTER, STRIP CENTER • 11,244 SF
      2010 Sylvia NE Ave, Cedar Rapids, IA 52402-2467
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,861 SF

      Retail Space in Cedar Rapids

      Retail space available in a growing Cedar Rapids location.
      576 Boyson Rd NE, Cedar Rapids, IA 52402
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    • $2,362,335
      7,801 SF

      Fully Leased Retail Investment Opportunity

      Multi-tenant retail property near Target with high traffic.
      1140 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
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    • $2,362,335
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      Cedar Rapids Retail Investment

      7.25% Cap Rate, Multi-Tenant Retail
      1140 Blairs Ferry Rd, Cedar Rapids, IA 52402
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      33,492 SF

      Prime Retail/Office Space Available

      Retail/office space in high-traffic location near Super Target.
      1100 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
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    • Contact for pricing
      2,138 SF

      Retail/Office Suite on Blairs Ferry

      Retail or office suite available on Blairs Ferry Road NE.
      1146 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
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    • Contact for pricing
      8,580 SF

      Retail/Office Space in Cedar Rapids

      Premier retail and office space with high visibility location.
      600 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
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    Similar Nearby for Lease

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      43,544 SF

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      Cedar Rapids, IA: 9,000 SF Available
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      Prime retail/office suites available
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    • $22 SF/Yr
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      Retail Space Near Super Target

      Prime retail space in high-traffic Cedar Rapids location.
      1115 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
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    • $18 SF/Yr
      11,808 SF

      Boyson Road NE Retail Space

      Modern Office Suites, Prime Location
      725 Boyson Rd, Cedar Rapids, IA 52402
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    • $10 SF/Yr
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      Visible Showroom/Office/Warehouse Space

      Showroom/office/warehouse space for lease with I-380 visibility.
      2345 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details
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    Cedar Rapids, IA 52402-8802
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    Realmo Value Estimation

    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.

    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.

    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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