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

    5428 Blairs Frst NE Way Cedar Rapids, IA 52402-8802

    • Strip malls
    • 1,200 SF
    OFF-MARKET
    Last Sale
    Feb 26, 2024
    $153,500
    Value Estimations
    $150,000
    Show details
    Cap Rate Potential
    7.9%
    Strip malls
    Location Intelligence
    Property ID
    US25-0150859
    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

    • BEV GREEN, REALTOR, COLDWELL BANKER HEDGES REALTY / Real Estate Agent

    Property Details for 5428 Blairs Frst NE Way

    Year built
    1990
    Property size
    1,200 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    14-05-1-06-005-0-1011
    APU
    140510600501011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $155,000
      ML approach
      $155,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $205,000
      6.5%
      $185,000
      7%
      $175,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $112,000
      Market price range: $32.4k - $204k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $100,000
      Current use
      AUTO REPAIR, GARAGE
      $130,000
      Change: +30% Conversion: Difficult
      MEDICAL BUILDING
      $120,000
      Change: +22% Conversion: Difficult
      OFFICE BUILDING
      $110,000
      Change: +12% Conversion: Moderate
      RETAIL STORES
      $100,000
      Change: +0% Conversion: Easy

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

    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
    $2,740
    $31,900
    $85,200
    $117,100
    -
    $31,900
    $85,200
    $117,100

    Comparable in this City

    • Value Estimation
      $310,000
      15,827 SF

      266 Blairs Fry NE Rd

      SHOPPING CENTER, STRIP CENTER • 15,827 SF
      266 Blairs Fry NE Rd, Cedar Rapids, IA 52402-3161
      View Details
    • Value Estimation
      $335,000
      8,309 SF

      6905 C NE Ave

      SHOPPING CENTER, STRIP CENTER • 8,309 SF
      6905 C NE Ave, Cedar Rapids, IA 52402-1326
      View Details
    • Value Estimation
      $305,000
      11,565 SF

      4330 Czech NE Ln

      SHOPPING CENTER, STRIP CENTER • 11,565 SF
      4330 Czech NE Ln, Cedar Rapids, IA 52402-2334
      View Details
    • Value Estimation
      $235,000
      613 SF

      7085 C Ave Nea7

      SHOPPING CENTER, STRIP CENTER • 613 SF
      7085 C Ave Nea7, Cedar Rapids, IA 52402-1470
      View Details
    • Value Estimation
      $200,000
      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
      $310,000
      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

    • $1,670,000
      15,803 SF

      Cedar Rapids Retail Investment Opportunity

      High-traffic strip center with diverse tenants and upside potential.
      266 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
      View Details
    • $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
      View Details
    • 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
      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
    • Contact for pricing
      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
      View Details
    • $2,362,335

      Remodeled Retail Investment Opportunity

      Fully leased retail property near Super Target with recent renovations.
      1140 Blairs Ferry Rd Ne, Cedar Rapids, IA 52402
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      43,544 SF

      Lindale Crossing Retail Space

      Cedar Rapids, IA: 9,000 SF Available
      4840 1St Ave, 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
    • $9 SF/Yr
      28,008 SF

      Cedar Rapids Executive Office Space

      Prime retail/office suites available
      4110 Center Point Rd, 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
    • Contact for pricing

      Salon Space with Free Parking

      Salon space with six sinks and free parking available for rent.
      1957 Blairs Ferry Rd Ne, Cedar Rapids, IA 52402
      View Details
    • Contact for pricing

      Retail/Service Space on Signalized Intersection

      Freestanding retail or service location with signage and OH door.
      1602 1St Ave Ne, Cedar Rapids, IA 52402
      View Details
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    Cedar Rapids, IA 52402-8802
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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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