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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Office Spaces
104 Williams Blvd Fairfax, IA 52228-9514
Entity Owned
6-yr Hold
Free & Clear
Property ID
US25-2276453
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2013
Total area
13,742 SF
Lot
2.69 ac (117,176 SF)
APN
20094-26012-00000
UPID
US25-2276453
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
-
Premier Commercial Condos Construction Company General Contractor
-
Iowa Precision Concrete Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.54M
Owner & transaction history
Sobaski R & E LLC · 6 yrs held
Sobaski R & E LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+79.1%
Auto repair, garage
$1.5M
+68.7%
Neighborhood: shopping center
$1.4M
+62.4%
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 Fairfax submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfax 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%
$2,030,000
6.5%
$1,870,000
7%
$1,740,000
Alternative Use
Use
Estimation
RESTAURANT
$1,555,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,465,000
Change: +69% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,410,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$1,370,000
Change: +58% · Conversion: Easy
RETAIL STORES
$1,105,000
Change: +27% · Conversion: Easy
OFFICE BUILDING
$1,090,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±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
$112 / 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
$27,416
Tax year 2022
Assessed value
$1,249,000
Assessed 2023
Previous assessed
$993,800
+25.7% YoY
Effective rate
2.20%
On assessed value
Assessed land
$326,100
Assessed improvement
$922,900
Land market value
$326,100
Improvement market value
$922,900
Total market value
$1,249,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2013
Heating
NONE
Buildings
2
Total area
13,742 SF
Lot
2.69 ac (117,176 SF)
APN
20094-26012-00000
UPID
US25-2276453
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
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
OFFICE 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
2013
Heating
NONE
Buildings
2
Lot
2.69 ac
Current owner
From public records · entity-resolved
Sobaski R & E LLC
Entity
Free & Clear · 6 yrs held
Mailing address
104 WILLIAMS BLVD, FAIRFAX, IA 52228-9514
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
—
Sobaski Real Estate LLC
—
Deed
related
$1,120,000 · Hills Bank & Trust Company
Jun 11, 2020
$140,000
Sobaski R & E LLC
Brad S Andes
Warranty Deed
—
Dec 2, 2019
—
Sobaski R & E LLC
—
Deed
related
$362,409 · Hills Bk&tr
Oct 31, 2018
$89,000
Fairfax Coml Condo LLC
Sobaski R/e LLC
Warranty Deed
—
Nov 8, 2016
—
Sobaski Real Estate LLC
—
Deed
related
$2,000,000 · Hills Bk&tr
—
—
Sobaski R & E LLC
—
Deed Of Trust
related
$362,409 · Hills Bk&tr
—
—
Sobaski Real Estate LLC
—
Loan Modification
related
$2,000,000 · Hills Bk&tr
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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