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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Auto shops
700 29th SW Ave Cedar Rapids, IA 52404-3417
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0280268
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1981
Total area
29,940 SF
Lot
4.5 ac (196,020 SF)
APN
14-32-4-78-008-0-0000
UPID
US25-0280268
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
-
GATR Truck Center - Cedar Rapids Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$819k
Blend (final)
Blend
$700k
Owner & transaction history
Ran Properties LLC · 14 yrs held
Ran Properties LLC
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±10%
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
$23 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$64,182
Tax year 2022
Assessed value
$1,829,100
Assessed 2023
Previous assessed
$1,829,100
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$425,300
Assessed improvement
$1,403,800
Land market value
$425,300
Improvement market value
$1,403,800
Total market value
$1,829,100
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1981
Heating
NONE
Stories
1
Total area
29,940 SF
Lot
4.5 ac (196,020 SF)
APN
14-32-4-78-008-0-0000
UPID
US25-0280268
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
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Stories
1
Lot
4.5 ac
Current owner
From public records · entity-resolved
Ran Properties LLC
Entity
Mailing address
218 STEARNS DR, SAUK RAPIDS, MN 56379-2520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
—
Ran Properties LLC
—
Deed
related
$5,500,000 · West Bank
Jan 21, 2021
—
Ran Props LLC
—
Deed
related
$1,900,000 · West Bk
Oct 3, 2019
—
Ran Props LLC
—
Deed
related
$570,000 · West Bk
Apr 14, 2017
—
Ran Properties LLC
—
Deed
related
$780,000 · Bremer Bk
Dec 1, 2011
$975,000
Ran Properties LLC
Mccoy Realty LP
Warranty Deed
$780,000 · Bremer Bk
—
—
Ran Props LLC
—
Deed Of Trust
related
$570,000 · West Bk
—
—
Ran Properties LLC
—
Loan Modification
related
$780,000 · Bremer Bk
—
—
Ran Props LLC
—
Deed Of Trust
related
$1,900,000 · West Bk
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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