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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Investment properties
714 1st NW Ave Cedar Rapids, IA 52405-3934
Entity Owned
17-yr Hold
Free & Clear
Property ID
US25-0088709
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1948
Construction
STEEL FRAME
Total area
9,921 SF
Lot
0.26 ac (11,326 SF)
APN
14-29-1-78-007-0-0000
UPID
US25-0088709
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
-
DJ Auto Service and Sales Car Dealership
-
Matheson Welding Supply Store Industrial Gas Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$628k
Blend (final)
Blend
$930k
Owner & transaction history
B & B Real Estate Holdings LLC · 17 yrs held
B & B Real Estate Holdings LLC
since 2008
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+144.4%
Medical building
$990,000
+128.8%
Retail stores
$815,000
+88.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,400,000
6.5%
$1,290,000
7%
$1,200,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,060,000
Change: +144% · Conversion: Difficult
MEDICAL BUILDING
$990,000
Change: +129% · Conversion: Easy
RETAIL STORES
$815,000
Change: +89% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: +88% · Conversion: Difficult
OFFICE BUILDING
$775,000
Change: +79% · Conversion: Easy
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$94 / 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
$13,996
Tax year 2022
Assessed value
$489,400
Assessed 2023
Previous assessed
$489,400
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$67,200
Assessed improvement
$422,200
Land market value
$67,200
Improvement market value
$422,200
Total market value
$489,400
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1948
Construction
STEEL FRAME
Heating
NONE
Stories
2
Total area
9,921 SF
Lot
0.26 ac (11,326 SF)
APN
14-29-1-78-007-0-0000
UPID
US25-0088709
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$990,000
RETAIL STORES
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
OFFICE BUILDING
Est. value
$775,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Construction
STEEL FRAME
Heating
NONE
Stories
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
B & B Real Estate Holdings LLC
Entity
Free & Clear · 17 yrs held
Mailing address
909 LK CAROLYN PKWY STE #1300, IRVING, TX 75039-4821
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2008
$270,000
B & B Real Estate Holdings LLC
Ellis,frances A
Warranty Deed
related
—
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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