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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Strip malls
560 Boyson Rd Ne Ste D, Cedar Rapids, IA 52402-7359
Entity Owned
7-yr Hold
Free & Clear
Property ID
US25-0418619
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
6,000 SF
APN
11-34-1-04-011-0-1003
UPID
US25-0418619
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Jeter Schrock & Associates, Inc: Allstate Insurance Insurance Agency
-
Allstate Personal Financial Representative: Richard Pacha Insurance Agency
-
Feedwell Kitchen and Bakery Bakery Specialty Food Shop
-
Papa Murphy's | Take 'N' Bake Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$576k
Blend (final)
Blend
$760k
Owner & transaction history
Edgewood Road LLC · 7 yrs held
Edgewood Road LLC
since 2018
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$950,000
+92.9%
Auto repair, garage
$640,000
+30.2%
Medical building
$600,000
+21.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cedar Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Rapids submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,015,000
6.5%
$935,000
7%
$870,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Current use
RESTAURANT
$950,000
Change: +93% · Conversion: Difficult
AUTO REPAIR, GARAGE
$640,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$600,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$550,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$495,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$127 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$26,268
Tax year 2022
Assessed value
$796,400
Assessed 2023
Previous assessed
$796,400
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$186,600
Assessed improvement
$609,800
Land market value
$186,600
Improvement market value
$609,800
Total market value
$796,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
6,000 SF
APN
11-34-1-04-011-0-1003
UPID
US25-0418619
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$490,000
RESTAURANT
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$640,000
MEDICAL BUILDING
Est. value
$600,000
OFFICE BUILDING
Est. value
$550,000
RETAIL STORES
Est. value
$495,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Stories
1
Current owner
From public records · entity-resolved
Edgewood Road LLC
Entity
Free & Clear · 7 yrs held
Mailing address
417 1ST AVE SE, CEDAR RAPIDS, IA 52401-1309
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2018
—
Edgewood Road LLC
Edgewood Road Ptshp
Quit Claim Deed
related
—
Apr 19, 2006
$710,000
Edgewood Road Ptshp
Midwest Dev
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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