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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Drive through restaurants
1005 Ctr Pt Rd Hiawatha, IA 52233-1231
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0372938
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2000
Total area
4,519 SF
Lot
1.26 ac (54,886 SF)
APN
11-32-1-29-003-0-0000
UPID
US25-0372938
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
-
Culver's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$545k
Owner & transaction history
Dall-haus Ltd · 6 yrs held
Dall-haus Ltd
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Hiawatha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hiawatha 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
$335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$510,000
Current use
AUTO REPAIR, GARAGE
$480,000
Change: -6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$465,000
Change: -9% · Conversion: Difficult
MEDICAL BUILDING
$450,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$121 / 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
$33,996
Tax year 2022
Assessed value
$1,219,700
Assessed 2023
Previous assessed
$1,077,000
+13.2% YoY
Effective rate
2.79%
On assessed value
Assessed land
$491,400
Assessed improvement
$728,300
Land market value
$491,400
Improvement market value
$728,300
Total market value
$1,219,700
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
4,519 SF
Lot
1.26 ac (54,886 SF)
APN
11-32-1-29-003-0-0000
UPID
US25-0372938
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
RESTAURANT Current
Est. value
$510,000
AUTO REPAIR, GARAGE
Est. value
$480,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$465,000
MEDICAL BUILDING
Est. value
$450,000
RESTAURANT Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Dall-haus Ltd
Individual
Mailing address
4155 WINSLOW RD, MARION, IA 52302-9217
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2019
—
Dall-haus Ltd
—
Deed
related
$2,420,000 · Cedar Rapids Bk&tr
Feb 7, 2012
—
Dall-haus Ltd
—
Deed Of Trust
related
$1,032,800 · Bankers Trust Co
Dec 21, 2011
—
Dall-haus Ltd
—
Deed Of Trust
related
$1,262,500 · Bankers Trust Co
—
—
Dall-haus Ltd
—
Deed Of Trust
related
$1,291,000 · Bankers Trust Co
—
—
Dall-haus Ltd
—
Deed Of Trust
related
$2,420,000 · Cedar Rapids Bk&tr
—
—
Dall-haus Ltd
—
Deed Of Trust
related
$1,063,000 · Siouxland Economic Dev Corp
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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