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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Warehouses
1181 Franklin St Eldridge, IA 52748-1711
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-0472217
Property summary
AI-generated overview
This exceptional 47,300-square-foot industrial warehouse, situated on a 3.68-acre lot in Eldridge, Iowa, presents a compelling investment opportunity. The single-story, 1996-built structure boasts a spacious layout, including a 3,660-square-foot office area and a 3,660-square-foot mezzanine (not included in the total square footage) ideal for additional storage. The property features four loading docks and nine drive-in doors, ensuring efficient loading and unloading operations. The building's ceiling height ranges from 18 to 22 feet, providing ample vertical space. Infrastructure for cold/refrigeration is in place in designated areas, adding versatility to potential uses. The property is zoned C - Commercial and is currently vacant, allowing for immediate occupancy. Its strategic location offers easy access to Highway 61 and is only four miles from Interstate 80, providing excellent regional connectivity. This well-maintained warehouse presents a rare opportunity to acquire a substantial industrial property in a prime location within the Quad Cities area. The asking price is $3,150,000.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
47,300 SF
Lot
3.68 ac (160,301 SF)
APN
9311552041
UPID
US25-0472217
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
-
Iowa Beverage Eldridge, IA Big Box & Wholesale Store Distribution Center
-
Miller Beer Distribution (Bike/Boat/Book/etc) Store Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$1.76M
Owner & transaction history
BREWHOUSE LLC
BREWHOUSE LLC
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 Eldridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eldridge 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
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±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
$37 / 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
$54,932
Tax year 2023
Assessed value
$2,336,700
Assessed 2024
Previous assessed
$2,336,700
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$472,500
Assessed improvement
$1,864,200
Land market value
$472,500
Improvement market value
$1,864,200
Total market value
$2,336,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
NONE
Stories
1
Total area
47,300 SF
Lot
3.68 ac (160,301 SF)
APN
9311552041
UPID
US25-0472217
Jurisdiction
SCOTT
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
1996
Heating
NONE
Stories
1
Lot
3.68 ac
Current owner
From public records · entity-resolved
BREWHOUSE LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2115 NE 58TH AVE, DES MOINES, IA 50313-1633
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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