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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5415 Willow Crk SW Dr Cedar Rapids, IA 52404

    • Office buildings
    • 1,872 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    $185,000
    Show details
    Cap Rate Potential
    4.3%
    Office buildings
    Location Intelligence
    Property ID
    US25-0307252
    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

    • Office buildings

    Property Details for 5415 Willow Crk SW Dr

    Year built
    1974
    Lot size
    0.52 lot acres
    Property size
    1,872 SF
    Property type
    Office buildings
    APN
    19-08-3-01-009-0-0000
    APU
    190830100900000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $160,000
      6.5%
      $150,000
      7%
      $135,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $145,000
      Current use
      AUTO REPAIR, GARAGE
      $200,000
      Change: +37% Conversion: Difficult
      MEDICAL BUILDING
      $185,000
      Change: +28% Conversion: Easy
      RETAIL STORES
      $155,000
      Change: +5% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $155,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6906
    Latitude
    41.9259
    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
    $5,640
    $54,300
    $99,100
    $153,400
    -
    $54,300
    $99,100
    $153,400

    Comparable in this City

    • Value Estimation
      $250,000
      13,362 SF

      207 3rd SW Ave

      OFFICE BUILDING • 13,362 SF
      207 3rd SW Ave, Cedar Rapids, IA 52404
      View Details
    • Value Estimation
      $365,000
      10,028 SF

      3165 Williams SW Blvd

      OFFICE BUILDING • 10,028 SF
      3165 Williams SW Blvd, Cedar Rapids, IA 52404-1422
      View Details
    • Value Estimation
      $605,000
      40,770 SF

      2110 Fiserv SW Dr

      OFFICE BUILDING • 40,770 SF
      2110 Fiserv SW Dr, Cedar Rapids, IA 52404
      View Details
    • Value Estimation
      $265,000
      5,804 SF

      5060 4th SW St

      OFFICE BUILDING • 5,804 SF
      5060 4th SW St, Cedar Rapids, IA 52404-4401
      View Details
    • Value Estimation
      $300,000
      4,498 SF

      280 50th SW Ave

      OFFICE BUILDING • 4,498 SF
      280 50th SW Ave, Cedar Rapids, IA 52404-4972
      View Details
    • Value Estimation
      $190,000
      2,748 SF

      975 5th SW Ave

      OFFICE BUILDING • 2,748 SF
      975 5th SW Ave, Cedar Rapids, IA 52404-1869
      View Details

    Similar Nearby for Sale

    • $1,300,000
      9,600 SF

      Cedar Rapids Office with Gym

      Spacious office building with gym, built in 2008.
      6205 11Th St SW, Cedar Rapids, IA 52404
      View Details
    • $1,500,000
      22,520 SF

      Versatile Warehouse Facility with Office

      Expansive warehouse and office complex with over 22,500 SF of space.
      34 43Rd Ave SW, Cedar Rapids, IA 52404
      View Details
    • $282,429
      47,467 SF

      Prime Cedar Rapids Commercial Lot

      Vacant 47,467 SF Retail/Office Space
      145 Audrey Way, Cedar Rapids, IA 52404
      View Details
    • $327,970
      55,121 SF

      Prime Cedar Rapids Commercial Lot

      1.27-acre vacant lot, ideal for restaurant/store
      8920 Griswold Ln, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      10,013 SF

      Versatile Commercial Space in Cedar Rapids

      7,800+ sq ft commercial space in a growing business corridor.
      8806 St. Martin Blvd, Cedar Rapids, IA 52404
      View Details
    • $750,000
      10,846 SF

      Prime Cedar Rapids Office Building

      10,846 SF Office Space - $750K
      5900 6Th St, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      10,157 SF

      Cedar Rapids Office/Warehouse Space

      Class A office/warehouse near Kirkwood Community College.
      1025 Kirkwood Pkwy SW, Cedar Rapids, IA 52404
      View Details
    • $8 SF/Yr
      7,764 SF

      Rockford Road Commercial Space

      Cedar Rapids flex space, ideal location.
      931 Rockford Rd, Cedar Rapids, IA 52404
      View Details
    • $9 SF/Yr
      10,846 SF

      Cedar Rapids Executive Office Building

      10,846 SF Office, Sale/Lease
      5900 6Th St, Cedar Rapids, IA 52404
      View Details
    • $8 SF/Yr
      17,285 SF

      Prime Cedar Rapids Office Space

      Modern office suites, 1,866-9,980 sq ft available
      5005 Bowling St, Cedar Rapids, IA 52404
      View Details
    • $4 SF/Yr
      53,728 SF

      Cedar Rapids Warehouse Space For Lease

      17,680 SF Warehouse, Excellent Location
      1203 9Th St, Cedar Rapids, IA 52404
      View Details
    • $24 SF/Yr
      16,335 SF

      Cedar Rapids Executive Office Space

      Move-in ready office, ample parking, great location.
      4935 Bowling St, Cedar Rapids, IA 52404
      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.
    5415 Willow Crk SW Dr
    Cedar Rapids, IA 52404
    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.