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    Property profile & analytics

    6905 Mt Vernon SE Rd Cedar Rapids, IA 52403-7188

    • Turn key restaurants
    • 6,614 SF
    • 1.87 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 09, 2024
    Location Intelligence
    Property ID
    US25-0282256
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lighthouse Inn / American Restaurant
    • Chateau Beauty Salon / Beauty Salon

    Property Details for 6905 Mt Vernon SE Rd

    Year built
    1907
    Lot size
    1.87 lot acres
    Property size
    6,614 SF
    Zone code
    HC
    Property type
    Turn key restaurants
    APN
    15-29-1-01-005-0-0000
    APU
    152910100500000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.5647
    Latitude
    41.9752
    CBSA code
    16300
    CBSA name
    CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $8,206
    $164,100
    $241,600
    $405,700
    -
    $164,100
    $241,600
    $405,700

    Comparable in this City

    • Value Estimation
      $245,000
      6,046 SF

      222 Glenbrook SE Dr

      RESTAURANT • 6,046 SF
      222 Glenbrook SE Dr, Cedar Rapids, IA 52403-1028
      View Details
    • Value Estimation
      $185,000
      2,100 SF

      3310 Mt Vernon SE Rd

      RESTAURANT • 2,100 SF
      3310 Mt Vernon SE Rd, Cedar Rapids, IA 52403-3659
      View Details
    • Value Estimation by Request
      4,928 SF

      810 Vernon Vly Dr

      RESTAURANT • 4,928 SF
      810 Vernon Vly Dr, Cedar Rapids, IA 52403-9003
      View Details
    • Value Estimation
      $190,000
      3,420 SF

      3404 Mt Vernon SE Rd

      RESTAURANT • 3,420 SF
      3404 Mt Vernon SE Rd, Cedar Rapids, IA 52403-3737
      View Details
    • Value Estimation
      $335,000
      2,000 SF

      6913 Mt Vernon SE Rd

      RESTAURANT • 2,000 SF
      6913 Mt Vernon SE Rd, Cedar Rapids, IA 52403-7188
      View Details
    • Value Estimation
      $395,000
      2,170 SF

      2835 Mt Vernon SE Rd

      RESTAURANT • 2,170 SF
      2835 Mt Vernon SE Rd, Cedar Rapids, IA 52403-3553
      View Details

    Similar Nearby for Sale

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      Unique office building with covered parking and open plan area.
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      Residential Lot in Kestrel Heights

      Premium lot to build your dream home in Cedar Rapids.
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      0.26 Acres

      Residential Lot in Kestrel Heights

      Residential lot for sale in Cedar Rapids' Kestrel Heights.
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      Residential Lot in Kestrel Heights

      Premium lot in Cedar Rapids' new Kestrel Heights development.
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      Residential Lot in Kestrel Heights

      Residential lot in Cedar Rapids' Kestrel Heights development.
      2409 Kestrel Dr SE, Cedar Rapids, IA 52403
      View Details

    Similar Nearby for Lease

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      20,000 SF

      Cedar Rapids Warehouse - 20,000 SF

      Prime industrial space, ideal for distribution.
      201 33Rd Street Dr, Cedar Rapids, IA 52403
      View Details
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      205,425 SF

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      Class A Medical Office Building, Linn County
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      View Details
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    Cedar Rapids, IA 52403-7188
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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