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Financial
Distress signals
Property profile

615 K NW Ave Cedar Rapids, IA 52405

OFF-MARKET
Retail space
Property ID
US25-0424664
2,497 SF 0.15 ac lot Built 1921
Last sale Aug 2025 · $175,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$2k
Tax billed · 2022
Assessed value · 2023$76k
Assessed land$19k
Assessed improvement$57k
Effective rate2.86%

Value estimate

· Oct 2026
$220k
$198k – $242k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$39 – $139

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: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office15.2
Auto Parts Store10.7
Convenience Store10.0

Location

615 K NW Ave Cedar Rapids, IA 52405-2500
County assessor Recorded deeds · 2 transfers 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
725 1st SW, Cedar Rapids, IA 52405-3933 $69,500 Mar 2024 1,460 SF
904 1st NW, Cedar Rapids, IA 52405-4858 $150,000 Dec 2023 1,798 SF
1001 1st SW, Cedar Rapids, IA 52405-4801 $1,433,000 Mar 2023 2,400 SF
4830 Johnson NW, Cedar Rapids, IA 52405-4206 $4,800,000 Feb 2022 2,400 SF
410 1st NW, Cedar Rapids, IA 52405-3928 $1,445,500 Mar 2020 7,738 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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