Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    846 9th SE Ave Cedar Rapids, IA 52401-2111

    • Medical Office Space
    • 72,648 SF
    • 2.53 lot acres
    OFF-MARKET
    Value Estimations
    $4,345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-1909290
    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

    • Mercy Pediatric Cardiology Clinic / Pediatrician / Medical Clinic
    • Mercy Cardiology Clinic / Physician
    • Mercy Cardiothoracic and Vascular Clinic / Physician
    • Mark Zittergruen, MD / Pediatrician / Medical Clinic

    Property Details for 846 9th SE Ave

    Year built
    2022
    Lot size
    2.53 lot acres
    Property size
    72,648 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    14-27-2-30-007-0-0000
    APU
    142723000700000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,570,000
      Market price range: $4.53M - $8.87M
      AI Estimate
      $2,803,000
      Market price range: $1.88M - $5.40M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,975,000
      NEIGHBORHOOD: SHOPPING CENTER
      $5,955,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.6549
    Latitude
    41.9766
    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
    $0.00
    $885,500
    $7,914,000
    $8,799,500
    -
    $885,500
    $7,914,000
    $8,799,500

    Comparable in this City

    • Value Estimation
      $5,775,000
      99,219 SF

      600 7th SE St

      MEDICAL BUILDING • 99,219 SF
      600 7th SE St, Cedar Rapids, IA 52401-2120
      View Details
    • Value Estimation
      $1,015,000
      16,632 SF

      115 8th NE St

      MEDICAL BUILDING • 16,632 SF
      115 8th NE St, Cedar Rapids, IA 52401-1013
      View Details
    • Value Estimation
      $820,000
      9,295 SF

      500 8th SE Ave

      MEDICAL BUILDING • 9,295 SF
      500 8th SE Ave, Cedar Rapids, IA 52401-2134
      View Details
    • Value Estimation
      $1,260,000
      15,467 SF

      543 7th SE St

      MEDICAL BUILDING • 15,467 SF
      543 7th SE St, Cedar Rapids, IA 52401-1929
      View Details
    • Value Estimation
      $745,000
      8,615 SF

      931 8th SE Ave

      MEDICAL BUILDING • 8,615 SF
      931 8th SE Ave, Cedar Rapids, IA 52401-2121
      View Details
    • Value Estimation
      $1,250,000
      15,715 SF

      901 8th SE Ave

      MEDICAL BUILDING • 15,715 SF
      901 8th SE Ave, Cedar Rapids, IA 52401-2121
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,200 SF

      Downtown Cedar Rapids Office Building

      Turnkey office building with drive-thru and on-site parking.
      320 SE Unit, Cedar Rapids, IA 52401
      View Details
    • Contact for pricing
      19,200 SF

      Downtown Cedar Rapids Office Building

      Turnkey office building with drive-thru and on-site parking.
      320 3Rd St SE, Cedar Rapids, IA 52401
      View Details
    • $1,700,000
      16,800 SF

      Historic Cedar Rapids Commercial Building

      Landmark building with modern updates, suitable for various businesses.
      724 3Rd Ave SE, Cedar Rapids, IA 52401
      View Details
    • Contact for pricing
      19,200 SF

      Downtown Cedar Rapids Office Building

      Turnkey, furnished office building with drive-thru and on-site parking.
      320 SE Unit, Cedar Rapids, IA 52401
      View Details
    • Contact for pricing

      NewBo District Mixed-Use Investment

      Mixed-use investment property in Cedar Rapids' NewBo District.
      329 12Th Ave Se, Cedar Rapids, IA 52401
      View Details
    • $3,200,000
      32,256 SF

      Historic Downtown Cedar Rapids Office

      Iconic Office Building, Prime Location
      123 5Th St, Cedar Rapids, IA 52401
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      66,445 SF

      Downtown Cedar Rapids Office Space

      Prime Office Suites, 2,727-3,777 SF
      207 2Nd Ave, Cedar Rapids, IA 52401
      View Details
    • $3,200,000
      32,256 SF

      Renovated Downtown Cedar Rapids Office

      Historic office building with modern amenities in downtown Cedar Rapids.
      123 5Th St SE, Cedar Rapids, IA 52401
      View Details
    • $13 SF/Yr

      NewBo District Versatile Space

      Modern, industrial space in NewBo, suitable for retail or office.
      420 12Th Ave SE, Cedar Rapids, IA 52401
      View Details
    • $10 SF/Yr
      9,800 SF

      Downtown Cedar Rapids Office Space

      Renovated Office Suites, 1400-2800 SF
      701 3Rd Ave, Cedar Rapids, IA 52401
      View Details
    • Contact for pricing

      Downtown Office Space for Lease

      Multiple office suites available in historic downtown building.
      225 2Nd St Se, Cedar Rapids, IA 52401
      View Details
    • $14 SF/Yr
      278,981 SF

      Downtown Cedar Rapids Office Space

      Modern Office Suite, 1,473 sq ft
      501 4Th Ave, Cedar Rapids, IA 52401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    846 9th SE Ave
    Cedar Rapids, IA 52401-2111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!