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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Retail space
1200 Ctr Pt Rd Hiawatha, IA 52233-1289
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2305717
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Total area
5,000 SF
Lot
1.34 ac (58,370 SF)
APN
11-32-1-28-011-0-0000
UPID
US25-2305717
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
-
Panda Marie Spa & Massage Center
-
Salon ReNū Hair Salon
-
LA Trends Addict Clothing & Fashion Store
-
Solace and Stones Alternative Medicine Practice Spa & Massage Center
-
Luxe Interiors and Renovations Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$614k
Blend (final)
Blend
$645k
Owner & transaction history
Jbf Properties LLC · 2 yrs held
Jbf Properties LLC
since 2023
Last sale
$796,500
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$565,000
+40.7%
Auto repair, garage
$535,000
+32.6%
Neighborhood: shopping center
$515,000
+27.6%
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 Hiawatha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hiawatha 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
$600,000
ML approach
$445,000
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
RETAIL STORES
$400,000
Current use
RESTAURANT
$565,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$535,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$515,000
Change: +28% · Conversion: Moderate
MEDICAL BUILDING
$500,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$395,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $797k (Dec 18 2023)
Last sale anchor
$797k
Dec 18 2023
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
$129 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$23,434
Tax year 2022
Assessed value
$798,300
Assessed 2023
Previous assessed
$760,700
+4.9% YoY
Effective rate
2.94%
On assessed value
Assessed land
$392,000
Assessed improvement
$406,300
Land market value
$392,000
Improvement market value
$406,300
Total market value
$798,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2015
Heating
NONE
Total area
5,000 SF
Lot
1.34 ac (58,370 SF)
APN
11-32-1-28-011-0-0000
UPID
US25-2305717
Jurisdiction
LINN
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
RETAIL STORES Current
Est. value
$400,000
RESTAURANT
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$515,000
MEDICAL BUILDING
Est. value
$500,000
OFFICE BUILDING
Est. value
$395,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
2015
Heating
NONE
Lot
1.34 ac
Current owner
From public records · entity-resolved
Jbf Properties LLC
Entity
Mailing address
3305 WILD ROSE RD, CEDAR RAPIDS, IA 52411-4400
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
$796,500
Jbf Properties LLC
Lr Real Estate Solutions LLC
Warranty Deed
$800,000 · Cedar Rapids Bank & Trust Co
Jul 19, 2022
—
L R Real Estate Solutions LLC
—
Deed
related
$500,000 · Cedar Rapids Bank & Trust Co
Jul 1, 2015
—
Lr Real Estate Solutions LLC
—
Trustees Deed
related
$760,000 · Hiawatha Bk&tr
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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