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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Retail space
1014 11th SW Ave Spencer, IA 51301-6207
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-1077934
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Total area
32,801 SF
Lot
2.94 ac (128,066 SF)
Zoning code
C-2 HIGHWAY COMMERCIAL
APN
963713451005
UPID
US25-1077934
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
-
Flooring America - Spencer Carpet & Flooring Store Hardware & Home Improvement
-
Special T Woodworks, Inc. Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$864k
Blend (final)
Blend
$800k
Owner & transaction history
Liquid Chaos Leasing LLC · 1 yrs held
Liquid Chaos Leasing LLC
since 2024
Last sale
$800,000
3 recorded transactions
Zoning & alternative use
C-2 HIGHWAY COMMERCIAL · Spencer, IA
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 Spencer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spencer 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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,330,000
Current use
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Nov 7 2024)
Last sale anchor
$800k
Nov 7 2024
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
$24 / 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
$22,118
Tax year 2023
Assessed value
$809,250
Assessed 2024
Previous assessed
$809,250
+0.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$297,000
Assessed improvement
$512,250
Land market value
$297,000
Improvement market value
$512,250
Total market value
$809,250
Applied tax rate
685.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1987
Heating
NONE
Stories
1
Total area
32,801 SF
Lot
2.94 ac (128,066 SF)
Zoning code
C-2 HIGHWAY COMMERCIAL
APN
963713451005
UPID
US25-1077934
Jurisdiction
CLAY
Zoning & alternative use
C-2 HIGHWAY COMMERCIAL · Spencer, IAZoning C-2 HIGHWAY COMMERCIAL · permitted uses
C-2 HIGHWAY COMMERCIAL · Spencer, IA
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
RETAIL STORES Current
Est. value
$1.3M
RETAIL STORES Current
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
1987
Heating
NONE
Stories
1
Lot
2.94 ac
Current owner
From public records · entity-resolved
Liquid Chaos Leasing LLC
Entity
Mailing address
70285 476TH AVE, JACKSON, MN 56143-8515
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2024
$800,000
Liquid Chaos Leasing LLC
Mark M Speidel
Deed
$791,549 · Mark M Speidel Etux
Nov 1, 2021
—
Mary Lou Speidel
Mary Lou Speidel
Intrafamily Transfer
related
—
Jun 11, 2010
$450,000
Mark M Speidel
Hy Vee INC
Warranty Deed
$405,000 · Us Bank NA
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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