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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Warehouses
5750 16th SW Ave, Cedar Rapids, IA 52404-2212
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US25-0798052
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2012
Total area
6,000 SF
Lot
2.27 ac (98,881 SF)
APN
13-26-3-76-021-0-0000
UPID
US25-0798052
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
-
Blue Lagoon Storage -Cedar Rapids Storage Facility
-
Diversified Builders Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$910k
Owner & transaction history
J & T Hawks LLC · 1 yrs held
J & T Hawks LLC
since 2024
Last sale
$909,439
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$950,000
+206.5%
Auto repair, garage
$640,000
+106.9%
Medical building
$600,000
+93.7%
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
$910,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
RESTAURANT
$950,000
Change: +207% · Conversion: Difficult
AUTO REPAIR, GARAGE
$640,000
Change: +107% · Conversion: Easy
MEDICAL BUILDING
$600,000
Change: +94% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $909k (Oct 10 2024)
Last sale anchor
$909k
Oct 10 2024
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
$152 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$33,070
Tax year 2023
Assessed value
$1,035,000
Assessed 2024
Previous assessed
$1,035,000
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$271,800
Assessed improvement
$763,200
Land market value
$271,800
Improvement market value
$763,200
Total market value
$1,035,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2012
Heating
NONE
Buildings
2
Stories
1
Total area
6,000 SF
Lot
2.27 ac (98,881 SF)
APN
13-26-3-76-021-0-0000
UPID
US25-0798052
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
RESTAURANT
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$640,000
MEDICAL BUILDING
Est. value
$600,000
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2012
Heating
NONE
Stories
1
Buildings
2
Lot
2.27 ac
Current owner
From public records · entity-resolved
J & T Hawks LLC
Entity
Mailing address
4039 10TH ST, MARION, IA 52302-5907
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
$909,439
J & T Hawks LLC
Gs Enterprises LLC
Contract Sale
—
Apr 19, 2024
$1,000,000
J & I Hawks LLC
Calvin Properties LLC
Deed
—
Dec 8, 2020
—
Calvin Props LLC
—
Deed
related
$421,000 · Miscellaneous Govt Agcy
Nov 3, 2020
$1,175,000
Calvin Props LLC
Diversified Mini Storage LLC
Warranty Deed
$408,100 · Northwest Bk
Jan 16, 2018
—
Diversified Mini Storage LLC
—
Deed
related
—
Oct 24, 2013
—
Diversified Mini Storage LLC
—
Trustees Deed
related
$860,000 · Collins Community Cu
Aug 27, 2012
—
Diversified Mini Storage LLC
Chmelicek,larry D
Warranty Deed
related
—
Nov 16, 2011
$154,000
Larry D Chmelicek
Belmont Properties LLC
Warranty Deed
$850,000 · Collins Community Cu
—
—
Diversified Mini Storage LLC
—
Loan Modification
related
—
—
—
Calvin Props LLC
—
Deed Of Trust
related
$421,000 · Miscellaneous Govt Agcy
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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