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    Property profile & analytics

    711 2Nd Ave Cedar Rapids, IA 52401

    • Office buildings
    • 16,800 SF
    • 0.19 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $605,000
    Last Sale
    Oct 15, 2020
    $750,000
    Location Intelligence
    Property ID
    US25-0408469
    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

    • Guide Wealth Partners / Financial Institution / Financial Consultant
    • Fitness 1000 / Fitness Center

    Property Details for 711 2Nd Ave

    Year built
    1924
    Lot size
    0.19 lot acres
    Property size
    16,800 SF
    Property type
    Office buildings
    APN
    14-21-4-78-006-0-0000
    APU
    142147800600000

    Description

    This exceptional Cedar Rapids commercial property, located at 711 2nd Ave SE, offers a unique opportunity to lease professional office space in a newly refurbished historic building. The property, built in 1924, features a total of 16,800 square feet across two stories and sits on a 0.579-acre lot. Currently, there are three available spaces ranging from 2,525 to 7,300 contiguous square feet on the first floor, all delivered in vanilla box condition. A tenant improvement allowance of $20 per square foot is offered for qualified tenants with a minimum five-year lease. The property is zoned UNG (Urban Neighborhood General) and boasts abundant off-street parking. Its prime location provides easy access to Interstate highways, the downtown area, and the MedQuarter. Negotiable basement storage options are available, with spaces of 266 and 2,600 square feet. This versatile property is ideal for businesses seeking a blend of historic charm and modern functionality in a highly accessible location. The minimum divisible space is 2,525 square feet.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $535,000

    • CAP approach

      CAP return
      Estimation
      6%
      $750,000
      6.5%
      $725,000
      7%
      $700,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $640,000
      Geo Method
      $660,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $595,000
      Retail
      $740,000
      Mixed-Use
      $670,000
      Hospitality
      $690,000
      Educational
      $780,000
      Residential Income
      $660,000
      Energy
      $595,000
      Income-Based Land
      $755,000
      Food Service
      $795,000

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6616
    Latitude
    41.981
    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
    $10,866
    $100,800
    $717,800
    $818,600
    -
    $100,800
    $717,800
    $818,600

    Comparable in this City

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      6,860 SF

      425 2nd St Se Ste, Unit 1000

      OFFICE BUILDING • 6,860 SF
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    • Value Estimation by Request
      45,825 SF

      415 12th SE Ave

      OFFICE BUILDING • 45,825 SF
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      View Details

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    711 2Nd Ave
    Cedar Rapids, IA 52401
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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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