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Financial
Distress signals
Property profile

588 Boyson Rd Nea Cedar Rapids, IA 52402

OFF-MARKET
Strip malls
Property ID
US25-0449567
14,964 SF Built 2002
Last sale May 2007 · $2,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 1,330 square foot commercial space is located at 588 Boyson Road NE in Cedar Rapids, Iowa, within a vibrant and growing neighborhood. The property, built in 2002, is part of a larger building totaling 14,964 square feet and features a single story design. The space is zoned T-MC and boasts a convenient layout previously occupied by a gourmet gift shop. The existing configuration includes a customer counter at the front and dedicated employee/workspace in the rear, offering…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$71k
Tax billed · 2022
Assessed value · 2023$2.00M
Assessed land$557k
Assessed improvement$1.44M
Effective rate3.55%

Value estimate

· Oct 2026
$1.90M
$1.71M – $2.09M
CAP approach$2.33M
Submarket $/SF estimate$1.44M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$51 – $128
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLINN

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm26.0
Dental Office24.5
Realty agency24.0

Location

588 Boyson Rd Nea Cedar Rapids, IA 52402-7350
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
500 Blairs Fry NE, Cedar Rapids, IA 52402-1466 $3,550,000 Jan 2023 8,632 SF
600 Blairs Fry NE, Cedar Rapids, IA 52402-1475 $3,550,000 Jan 2023 8,580 SF
1950 Dodge NE, Cedar Rapids, IA 52402-2411 $1,650,000 Jul 2021 17,600 SF
5945 Rockwell NE, Cedar Rapids, IA 52402-7360 $217,500 May 2021 10,604 SF
151 Collins NE, Cedar Rapids, IA 52402-3265 $2,995,000 Oct 2019 8,979 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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