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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Flex space
106 Washington St Keokuk, IA 52632-2313
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-1162720
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1978
Total area
6,000 SF
Lot
0.93 ac (40,510 SF)
APN
04-45-21-23-278-0240
UPID
US25-1162720
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
$575k
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$595k
Owner & transaction history
Ljmg Properties LLC · 7 yrs held
Ljmg Properties LLC
since 2018
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$715,000
+61.2%
Medical building
$490,000
+10.6%
Commercial (general)
$480,000
+7.8%
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 Keokuk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keokuk 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%
$620,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$445,000
Current use
OFFICE BUILDING
$715,000
Change: +61% · Conversion: Difficult
MEDICAL BUILDING
$490,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$480,000
Change: +8% · Conversion: Difficult
RESTAURANT
$415,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$360,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$99 / 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
$4,062
Tax year 2023
Assessed value
$158,360
Assessed 2024
Previous assessed
$158,360
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$37,200
Assessed improvement
$121,160
Land market value
$37,200
Improvement market value
$121,160
Total market value
$158,360
Applied tax rate
310.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
0.93 ac (40,510 SF)
APN
04-45-21-23-278-0240
UPID
US25-1162720
Jurisdiction
LEE
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
INDUSTRIAL (GENERAL) Current
Est. value
$445,000
OFFICE BUILDING
Est. value
$715,000
MEDICAL BUILDING
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$480,000
RESTAURANT
Est. value
$415,000
WAREHOUSE, STORAGE
Est. value
$360,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
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
1978
Heating
NONE
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Ljmg Properties LLC
Entity
Mailing address
108 WASHINGTON ST, KEOKUK, IA 52632-2313
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Oct 4, 2018
$150,000
Ljmg Properties LLC
Becker Enterprises LLC
Warranty Deed
—
Oct 4, 2018
—
Ljmg Properties LLC
—
Deed
related
$240,000 · Connection Bank
Jun 10, 2016
—
Becker Enterprises LLC
—
Deed
related
$121,200 · Keokuk Savings Bank And Trust Co
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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