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    Property profile & analytics

    1201 Hawkeye SW Ave Le Mars, IA 51031-1865

    • Hotels
    • 21,771 SF
    • 2.33 lot acres
    OFF-MARKET
    Value Estimation
    $655,000
    Location Intelligence
    Property ID
    US25-2387036
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Le Mars Inn & Suites / Hotel

    Property Details for 1201 Hawkeye SW Ave

    Year built
    1989
    Construction
    FRAME
    Lot size
    2.33 lot acres
    Property size
    21,771 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    12-17-376-004
    APU
    1217376004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $645,000

    • CAP approach

      CAP return
      Estimation
      6%
      $790,000
      6.5%
      $730,000
      7%
      $790,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $750,000
      Geo Method
      $785,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $780,000
      Retail
      $725,000
      Mixed-Use
      $745,000
      Hospitality
      $805,000
      Educational
      $905,000
      Residential Income
      $810,000
      Energy
      $860,000
      Income-Based Land
      $880,000
      Food Service
      $880,000

    Location Insight

    • Map
    • Local Demand
    City
    Le Mars
    County
    Plymouth
    State
    Iowa
    Longitude
    -96.1863
    Latitude
    42.7793

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,944
    $474,750
    $626,720
    $1,101,470
    -
    $474,750
    $626,720
    $1,101,470

    Comparable in this City

    • Value Estimation
      $1,720,000
      27,408 SF

      1314 12th SW St

      HOTEL/MOTEL • 27,408 SF
      1314 12th SW St, Le Mars, IA 51031-1834
      View Details
    • Value Estimation by Request
      36,342 SF

      1285 Sleepy Eye Dr

      HOTEL/MOTEL • 36,342 SF
      1285 Sleepy Eye Dr, Le Mars, IA 51031-2894
      View Details
    • Value Estimation by Request
      2,294 SF

      Le Mars, IA 51031

      HOTEL/MOTEL • 2,294 SF
      Le Mars, IA 51031
      View Details
    • Value Estimation
      $600,000
      28,712 SF

      635 8th SW Ave

      HOTEL/MOTEL • 28,712 SF
      635 8th SW Ave, Le Mars, IA 51031-1812
      View Details
    • Value Estimation by Request
      12.56 Acres

      1298 18th SW St

      VACANT COMMERCIAL LAND • 12.56 Acres
      1298 18th SW St, Le Mars, IA 51031-8100
      View Details
    • Value Estimation by Request
      0.21 Acres

      114 1st NW Ave

      COMMERCIAL (GENERAL) • 0.21 Acres
      114 1st NW Ave, Le Mars, IA 51031-3504
      View Details

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      LeMars Restaurant and Bar

      Turnkey restaurant and bar with a strong local reputation.
      630 8Th Ave SW, Le Mars, IA 51031
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      Residential Land in LeMars, Iowa

      Residential building sites in new Le Mars development.
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      Residential Building Site in LeMars

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    1201 Hawkeye SW Ave
    Le Mars, IA 51031-1865
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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