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Property profile & analytics
OFF-MARKET
Office buildings
110 Marshall St Rock Rapids, IA 51246-1516
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-2045259
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1976
Total area
6,050 SF
Lot
0.27 ac (11,770 SF)
Zoning code
COMM-SMALL BUSINESS
APN
350000001700000
UPID
US25-2045259
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Paul Kippley · 3 yrs held
Paul Kippley
since 2023
Last sale
$39,000
7 recorded transactions
Zoning & alternative use
COMM-SMALL BUSINESS · Rock Rapids, 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 Rock Rapids submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rock Rapids 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,588
Tax year 2023
Assessed value
$165,090
Assessed 2024
Previous assessed
$165,090
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$28,570
Assessed improvement
$136,520
Land market value
$28,570
Improvement market value
$136,520
Total market value
$165,090
Applied tax rate
350.0000
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
1976
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
6,050 SF
Lot
0.27 ac (11,770 SF)
Zoning code
COMM-SMALL BUSINESS
APN
350000001700000
UPID
US25-2045259
Jurisdiction
LYON
Zoning & alternative use
COMM-SMALL BUSINESS · Rock Rapids, IA
Zoning COMM-SMALL BUSINESS · permitted uses
COMM-SMALL BUSINESS · Rock Rapids, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rock Rapids. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Paul Kippley
Individual
Free & Clear · 3 yrs held
Mailing address
222 S DOUGLAS ST, INWOOD, IA 51240-7799
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2023
$39,000
Paul Kippley
M R Austin
Contract Sale
—
Mar 13, 2020
—
M R Austin
M R Austin
Deed
related
—
Jul 11, 2019
—
Alan J Julius
Ronald M Julius
Warranty Deed
related
—
Jun 19, 2019
—
Vanderstoep Ft
Edwin Vanderstoep
Warranty Deed
—
Jan 16, 2019
$27,000
Kurt Hoberg
Hawkins Development 3
Warranty Deed
—
May 4, 2018
—
Sheila Klaassen
Sheila Klaassen
Quit Claim Deed
related
—
Mar 16, 2018
$29,500
Eyerette Derrell-barr III
James E Crawford
Warranty Deed
—
Nov 20, 2017
—
Susan Marie Hughes
Joyce Bolin
Certificate Of Transfer
—
Jul 10, 2017
—
Melvin G Knobloch And Wilma J Knobl
Melvin G Knobloch
Intrafamily Transfer
related
—
Dec 7, 2016
$40,000
James E Kannegieter
Marjorie Kannegieter
Intrafamily Transfer
related
—
Dec 17, 2015
$800,000
Robert D Klaassen
The Estate Of Alvina A Voss
Executors Deed
$406,560 · Farm Credit Services Of America Aca
Jun 22, 2015
$77,000
Daniel J Schreurs
Farmers Elevator Cooperative
Warranty Deed
—
Mar 10, 2015
—
Marlys M Jones
Marlys M Jones
Intrafamily Transfer
related
—
Jan 23, 2015
—
Brandon C Ponrier
Glenda De Penning
Warranty Deed
—
May 8, 2014
—
Aadvance Transmission INC
Patrick G Quittem
Warranty Deed
—
Apr 18, 2014
—
Augusta Jane Hansman
Keith C Hansman
Intrafamily Transfer
related
—
Oct 1, 2013
$44,500
Paul Kippley
The Will Of Charles D Riter
Legal Action/court Order
related
$44,500 · Frontier Bank
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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