Property profile

5695 Rec Dr Marion, IA 52302

OFF-MARKET
Office Spaces
Property ID
US25-0319846
22,826 SF 10.33 ac lot Built 1999
Individually Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1999
Total area 22,826 SF
Lot 10.33 ac (449,975 SF)
APN 10-28-3-76-002-0-0000
UPID US25-0319846

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electric Utility Company

Location

5695 Rec Dr Marion, IA 52302-6218
Marion metro Census 101 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.11M
Comparable Approach Comparable
$2.11M
Blend (final) Blend
$2.71M

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $2.6M +79.1%
Auto repair, garage $2.4M +68.7%
Neighborhood: shopping center $2.3M +62.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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