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Financial
Distress signals
Property profile

600 3rd SE Ave Cedar Rapids, IA 52401

OFF-MARKET
Office buildings
Property ID
US25-1248363
42,837 SF 0.96 ac lot Built 2012
Last sale Jan 2024 · $2,266,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Luxe on 3rd offers 42,837 square feet of prime Class A office space in a desirable downtown location. This three-story building, constructed in 2012, features a single elevator and two stairwells, providing convenient access to multiple suites. The property boasts a total of 57 parking spaces and sits on a 0.96-acre lot. Currently, 25,699 square feet of space is available, with suites ranging from a minimum of 1,628 square feet to a maximum contiguous space of 13,610 square feet. The…

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?
$143k
Tax billed · 2022
Assessed value · 2023$6.24M
Assessed land$504k
Assessed improvement$5.73M
Effective rate2.30%

Value estimate

· Oct 2026
$2.27M
$2.04M – $2.49M
AI approach$2.27M
Submarket $/SF estimate$2.02M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$78/SF
Submarket average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$52 – $99

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: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store17.3
Wholesale Shop11.5
HVAC Service11.2

Location

600 3rd SE Ave Cedar Rapids, IA 52401-1600
County assessor Recorded deeds · not on file Qualifying comp sales · not on file 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
313 3rd SE, Cedar Rapids, IA 52401-1506 $128,000 May 2024 16,800 SF
427 6th SE, Cedar Rapids, IA 52401 $3,150,000 Mar 2024 31,649 SF
200 5th SE, Cedar Rapids, IA 52401-1856 $3,650,000 Nov 2021 24,000 SF
213 4th SE, Cedar Rapids, IA 52401 $2,175,000 Nov 2021 25,110 SF
316 2nd SE, Cedar Rapids, IA 52401-1709 $11,130,000 Jun 2021 84,000 SF
788 8th SE, Cedar Rapids, IA 52401-2107 $1,733,635 Nov 2020 73,180 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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