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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Warehouses
804 Vernon Vly Dr Cedar Rapids, IA 52403-9003
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2549627
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2008
Total area
6,905 SF
Lot
2.43 ac (105,851 SF)
Zoning code
HC
APN
15-21-3-77-006-0-0000
UPID
US25-2549627
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
-
Storage Rentals of America Storage Facility
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$504k
Blend (final)
Blend
$585k
Owner & transaction history
Sroa Acquisitions LLC · 3 yrs held
Sroa Acquisitions LLC
since 2022
7 recorded transactions
Zoning & alternative use
HC · Cedar Rapids, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$735,000
+101.4%
Medical building
$690,000
+88.5%
Retail stores
$570,000
+55.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$365,000
Current use
AUTO REPAIR, GARAGE
$735,000
Change: +101% · Conversion: Easy
MEDICAL BUILDING
$690,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$570,000
Change: +55% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$565,000
Change: +55% · Conversion: Moderate
OFFICE BUILDING
$540,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$85 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$22,156
Tax year 2023
Assessed value
$1,005,900
Assessed 2024
Previous assessed
$1,005,900
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$288,000
Assessed improvement
$717,900
Land market value
$288,000
Improvement market value
$717,900
Total market value
$1,005,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Heating
NONE
Buildings
7
Total area
6,905 SF
Lot
2.43 ac (105,851 SF)
Zoning code
HC
APN
15-21-3-77-006-0-0000
UPID
US25-2549627
Jurisdiction
LINN
Zoning & alternative use
HC · Cedar Rapids, IA
Zoning HC · permitted uses
HC · Cedar Rapids, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cedar Rapids. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$365,000
AUTO REPAIR, GARAGE
Est. value
$735,000
MEDICAL BUILDING
Est. value
$690,000
RETAIL STORES
Est. value
$570,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$565,000
OFFICE BUILDING
Est. value
$540,000
WAREHOUSE, STORAGE Current
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
2008
Heating
NONE
Buildings
7
Lot
2.43 ac
Current owner
From public records · entity-resolved
Sroa Acquisitions LLC
Entity
Mailing address
2751 S DIXIE HWY #450, WEST PALM BEACH, FL 33405-1233
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
$6,564,500
Sroa Acquisitions LLC
Cedar Self Storage LLC
Special Warranty Deed
—
Dec 30, 2019
$5,745,000
Cedar Self Storage LLC
Cedar Storage Se LLC
Grant Deed
related
$3,753,750 · Eastland S&l Assn
Sep 7, 2017
—
Cedar Storage Southeast LLC
—
Deed
related
$197,700 · Connection Bk
Jul 25, 2014
—
Cedar Storage Southeast LLC
—
Loan Modification
related
$2,365,000 · Hills Bk&tr
May 27, 2008
$209,500
Cedar Storage Southeast LLC
Hill,james R & M Sue
Warranty Deed
$204,782 · Hills Bank & Trust Co
—
—
Cedar Storage Southeast LLC
—
Deed Of Trust
related
—
—
—
Cedar Storage Southeast LLC
—
Deed Of Trust
related
$636,000 · Iowa Business Growth Co
—
—
Cedar Storage Southeast LLC
—
Deed Of Trust
related
$197,700 · Connection Bk
—
—
Cedar Storage Southeast LLC
—
Deed Of Trust
related
$125,000 · Hills Bank & Trust Co
—
—
Cedar Storage Southeast LLC
—
Deed Of Trust
related
$140,000 · Hills Bank & Trust Co
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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