Financial
Distress signals
Property profile

12 N 4Th St Clear Lake, IA 50428

FOR SALE
Flex space
Property ID
US25-0029993
1,000 SF 0.28 ac lot Built 2021
Last sale Nov 2022 · $142,000
Trust Owned Owner of record is a trust. 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Constructed in 1920, this two-story brick mixed-use building includes 4,036 square feet configured for retail on the main level and an apartment on the second floor. The main floor features an open workspace, conference room, reception area, four offices, two restrooms, and zoned HVAC, along with an unfinished lower level that provides additional storage. The second floor is a 2-bedroom, 1-bath efficiency apartment with loft-style ceilings and views toward downtown Clear Lake. A primary

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$244
Tax billed · 2022
Assessed value · 2024$142k
Assessed land$13k
Assessed improvement$130k
Effective rate0.17%

Value estimate

· Sep 2026
$145k
$131k – $160k
AI approach$135k
NOI build-up
Gross scheduled income$48k
Vacancy & credit loss−$4k
Operating expenses−$13k
NOI · 8.43% cap applied$31k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$78/SF
County average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$18 – $140

Cap rate analysis

How does the asset earn?
8.43%
$31k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCERRO GORDO

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop15.8
Auto Repair Shop14.1
Building Supply13.1

Location

12 N 4Th St Clear Lake, IA 50428
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2nd 4th S, Clear Lake, IA 50428 $100,000 Dec 2025 1,000 SF
11th 4th S, Clear Lake, IA 50428 $162,500 Jan 2024 1,000 SF
7th 4th S, Clear Lake, IA 50428 $138,000 Nov 2023 1,000 SF
5th 4th S, Clear Lake, IA 50428 $138,000 Jun 2023 1,000 SF
8th 4th S, Clear Lake, IA 50428 $138,000 Nov 2022 1,000 SF
6th 4th S, Clear Lake, IA 50428 $142,000 Oct 2022 1,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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