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Property profile & analytics
OFF-MARKET
Estimated value
$12,035,000
Office buildings
115 Howard St Indianola, IA 50125-2532
Individually Owned
1-yr Hold
Free & Clear
Property ID
US25-1704230
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Total area
64,770 SF
Lot
2.23 ac (97,344 SF)
APN
48010000010
UPID
US25-1704230
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
-
Hall & Schlenker Law Firm Law Firm
-
Warren County Attorney's Office County Government Office
-
Warren County Courthouse County Court
-
Warren County Sheriff Sheriff'S Department
-
Necessity Pantry Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.03M
Blend (final)
Blend
$12.04M
Owner & transaction history
Leona S Van Veen · 1 yrs held
Leona S Van Veen
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.9M
+6.2%
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 Indianola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianola 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,315,000
Current use
COMMERCIAL (GENERAL)
$9,885,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$12.04M
Range $10.83M – $13.24M · ±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
$186 / 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
Assessed value
$44,780,600
Assessed 2024
Previous assessed
$44,780,600
+0.0% YoY
Total market value
$44,780,600
Applied tax rate
48,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
OFFICE BUILDING
Status
Off-Market
Year built
2021
Stories
2
Total area
64,770 SF
Lot
2.23 ac (97,344 SF)
APN
48010000010
UPID
US25-1704230
Jurisdiction
WARREN
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
OFFICE BUILDING Current
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$9.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
2021
Stories
2
Lot
2.23 ac
Current owner
From public records · entity-resolved
Leona S Van Veen
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 217, INDIANOLA, IA 50125-0217
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2024
—
Leona S Van Veen
Leona S Van Veen
Warranty Deed
related
—
Aug 19, 2024
—
Stephen A Hall
John D Schlotterback
Deed
related
—
Jun 11, 2024
—
Stephen A Hall
Lane E Goad
Deed
—
Dec 15, 2023
$344,000
Adam Farmham
Michael Dean Weeks
Deed
related
—
Apr 10, 2023
—
Michael R Orwig
Jennie R Tupper
Deed
related
—
Dec 28, 2022
—
Walter E Trembly
Walter E Trembly
Deed
related
—
Sep 29, 2022
—
John M Butchart
John M Butchart
Deed
related
—
Sep 8, 2022
—
Lucy M Crawford
Lucy M Crawford
Deed
related
—
Aug 16, 2022
—
Mary Jean Hatcher
Richard G Hatcher
Deed
related
—
Jun 14, 2022
—
Timothy D Brand
Timothy D Brand
Deed
related
—
May 24, 2022
—
Stephen A Hall
Gary L Crawford
Deed
—
Apr 5, 2022
—
Linda L Miller
Dawson L Miller
Deed
related
—
Dec 20, 2019
—
Mark E Mcnaughton
Palmyra Township
Quitclaim Deed
related
—
Jun 11, 2019
$3,000
Austin P Reynolds
Margret J Hines
Quitclaim Deed
related
—
Jan 16, 2018
—
Nicole Marie Myers
Nicole Marie Myers
Deed
related
—
Aug 2, 2017
$250,000
Bryan R Elliott
Kathryn Bruere
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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