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Property profile & analytics
OFF-MARKET
Office buildings
110 2nd Ave Logan, IA 51546-1332
Individually Owned
4-yr Hold
Free & Clear
Property ID
US25-1535928
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1900
Construction
FRAME
Total area
2,206 SF
Lot
0.16 ac (7,125 SF)
APN
460002133700000
UPID
US25-1535928
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
-
Anderson & Altwegg VERIFIED LISTING Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alan J Anderson · 4 yrs held
Alan J Anderson
since 2021
Last sale
$70,000
7 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 Logan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Logan 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,408
Tax year 2022
Assessed value
$90,330
Assessed 2023
Previous assessed
$67,720
+33.4% YoY
Effective rate
1.56%
On assessed value
Assessed land
$10,430
Assessed improvement
$79,900
Land market value
$10,430
Improvement market value
$79,900
Total market value
$90,330
Applied tax rate
460.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1900
Construction
FRAME
Stories
2
Total area
2,206 SF
Lot
0.16 ac (7,125 SF)
APN
460002133700000
UPID
US25-1535928
Jurisdiction
HARRISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Alan J Anderson
Individual
Free & Clear · 4 yrs held
Mailing address
110 N 2ND AVE, LOGAN, IA 51546-1332
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2025
—
Fancy Investments LLC
—
Deed
related
$100,000 · Logan State Bank
Nov 21, 2024
—
Alan J Anderson
—
Deed
related
$50,000 · Logan State Bank
Sep 27, 2021
—
Alan J Anderson
Alan J Anderson
Intrafamily Transfer
related
—
Jan 17, 2020
—
Jeremy C Dunn
Everett L Dunn
Warranty Deed
related
—
Oct 14, 2019
—
Render Rentals LLC
Irene I Render
Quit Claim Deed
related
—
Oct 10, 2019
$70,000
Joshua Rose
Rusty Guritz
Deed
—
Aug 14, 2018
$3,500
Timothy F Day
Eric R Freihage
Warranty Deed
—
May 31, 2018
—
Billi J Martin
Matin Carl W Est
Executors Deed
—
May 31, 2018
$35,000
Berdel V Taylor
Merrill M Marley
Warranty Deed
—
Nov 20, 2015
$40,000
Terry L Moores
Wayne Lynn Ellison
Warranty Deed
—
Nov 20, 2015
$480,000
Bradley T Bothwell
James Daley
Warranty Deed
—
Dec 23, 2014
$429,500
Gail Lamberson
Lyda Geise V Pinnacle Bank
Deed
—
Nov 19, 2012
—
Alan J Anderson
Joy Robinson
Affidavit Of Death Of Joint Tenant
—
Jun 18, 2012
—
Bernice D Driver
Bernice D Driver
Affidavit Of Death Of Joint Tenant
related
—
Jan 19, 2011
—
Roger R Jenson
Dean Mchugh Solomon
Contract Sale
—
Dec 20, 2010
—
Daniel Newcomer
Shane Hinze
Warranty Deed
—
Jul 30, 2010
$12,000
James J Kirk
James W Kirk
Warranty Deed
related
—
Jul 7, 2010
—
Michael J Farley
Michael J Farley
Quit Claim Deed
related
—
Apr 8, 2010
—
Nina L Strain
Donald Wayne Strain
Legal Action/court Order
related
—
Apr 1, 2009
—
Helen M Ehlert
Ellen Vallie
Legal Action/court Order
related
—
Dec 24, 2007
—
Norma S Tamisiea
Norma S Tamisiea
Special Warranty Deed
—
Aug 22, 2006
—
Alan J Anderson
Gary J Altwegg
Affidavit Of Death Of Joint Tenant
—
Jun 23, 2006
$92,500
Jack Mcmillen
Gwenive C Dinkel
Warranty Deed
—
Mar 6, 2006
—
Janice K Koski
Janice K Koski
Intrafamily Transfer
related
—
Sep 27, 2005
—
Alan J Anderosn
Troy Sodders
Quit Claim Deed
related
—
Mar 17, 2005
$24,000
Alan J Anderson
Gary J Altwegg
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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