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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
100 Grandy Dr Lawton, IA 51030
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0099128
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Construction
FRAME
Total area
6,000 SF
Lot
3.62 ac (157,687 SF)
APN
884703201002
UPID
US25-0099128
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$382k
Blend (final)
Blend
$510k
Owner & transaction history
Morningside Storage LLC · 6 yrs held
Morningside Storage LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$505,000
+99.5%
Warehouse, storage
$470,000
+85.3%
Office building
$395,000
+56.3%
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 Lawton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawton 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
AUTO REPAIR, GARAGE
$505,000
Change: +99% · Conversion: Difficult
WAREHOUSE, STORAGE
$470,000
Change: +85% · Conversion: Difficult
OFFICE BUILDING
$395,000
Change: +56% · Conversion: Easy
RESTAURANT
$370,000
Change: +46% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$12,176
Tax year 2023
Assessed value
$673,720
Assessed 2024
Previous assessed
$673,720
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$43,960
Assessed improvement
$629,760
Land market value
$43,960
Improvement market value
$629,760
Total market value
$673,720
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
NONE
Buildings
3
Stories
1
Total area
6,000 SF
Lot
3.62 ac (157,687 SF)
APN
884703201002
UPID
US25-0099128
Jurisdiction
WOODBURY
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
$505,000
WAREHOUSE, STORAGE
Est. value
$470,000
OFFICE BUILDING
Est. value
$395,000
RESTAURANT
Est. value
$370,000
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
RESTAURANT
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
2018
Construction
FRAME
Heating
NONE
Stories
1
Buildings
3
Lot
3.62 ac
Current owner
From public records · entity-resolved
Morningside Storage LLC
Entity
Mailing address
4109 GORDON DR, SIOUX CITY, IA 51106-1304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2020
—
Morningside Storage LLC
—
Deed
related
$15,000 · Economic & Cmnty Dev Inst
May 24, 2019
—
Morningside Storage LLC
—
Deed
related
$300,000 · Central Bk
Nov 27, 2018
—
Morningside Storage LLC
—
Deed
related
$866,000 · Economic & Cmnty Dev Inst
Nov 21, 2018
—
Morningside Storage LLC
—
Deed
related
$170,642 · Central Bk
May 31, 2018
—
Morningside Storage LLC
—
Deed
related
$300,000 · Central Bk
Mar 19, 2018
—
2017 Sc Morningside Ptrs LLC
—
Deed
related
$7,024,000 · Centennial Mtg
Aug 4, 2016
—
Morningside Storage LLC
—
Deed
related
$1,591,336 · Central Bank
—
—
Morningside Storage LLC
—
Deed Of Trust
related
$170,642 · Central Bk
—
—
Morningside Storage LLC
—
Deed Of Trust
related
$866,000 · Economic & Cmnty Dev Inst
—
—
Morningside Storage LLC
—
Deed Of Trust
related
$840,650 · Central Bk
—
—
Morningside Storage LLC
—
Deed Of Trust
related
$300,000 · Central Bk
—
—
2017 Sc Morningside Ptrs LLC
—
Deed Of Trust
related
$7,024,000 · Centennial Mtg
—
—
Morningside Storage LLC
—
Deed Of Trust
related
$300,000 · Central Bk
—
—
Morningside Storage LLC
—
Deed Of Trust
related
$15,000 · Economic & Cmnty Dev Inst
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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