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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Retail space
1215 Ctr Pt Rd Hiawatha, IA 52233-1235
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0188692
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1995
Construction
WOOD
Total area
10,808 SF
Lot
0.96 ac (41,818 SF)
APN
11-32-1-27-003-0-0000
UPID
US25-0188692
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
-
Midway Outdoor Equipment Inc (Bike/Boat/Book/etc) Store Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$796k
Blend (final)
Blend
$710k
Owner & transaction history
Junge Enterprises LLC · 2 yrs held
Junge Enterprises LLC
since 2024
Last sale
$711,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+32.6%
Neighborhood: shopping center
$1.1M
+27.6%
Medical building
$1.1M
+24.1%
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
$710,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$870,000
Current use
AUTO REPAIR, GARAGE
$1,155,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,110,000
Change: +28% · Conversion: Moderate
MEDICAL BUILDING
$1,080,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$855,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $711k (Jan 5 2024)
Last sale anchor
$711k
Jan 5 2024
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
$66 / 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
$20,258
Tax year 2022
Assessed value
$770,800
Assessed 2023
Previous assessed
$653,700
+17.9% YoY
Effective rate
2.63%
On assessed value
Assessed land
$374,400
Assessed improvement
$396,400
Land market value
$374,400
Improvement market value
$396,400
Total market value
$770,800
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
1995
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Bathrooms
2
Total area
10,808 SF
Lot
0.96 ac (41,818 SF)
APN
11-32-1-27-003-0-0000
UPID
US25-0188692
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
$870,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$855,000
RETAIL STORES Current
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
1995
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
Junge Enterprises LLC
Entity
Mailing address
3496 E OTTER RD, MARION, IA 52302-9020
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2024
$711,000
Junge Enterprises LLC
Rodney E Schutzman
Warranty Deed
—
Jul 7, 2020
—
Rodney E Schutzman
—
Deed
related
$275,000 · Farmers St Bk
Feb 2, 2017
—
Rodney E Schutzman
—
Deed
related
$160,020 · Farmers St Bk
May 23, 2005
—
Rodney E Schutzman
Schutzman,kerry B
Affidavit Of Death
related
—
—
—
Rodney E Schutzman
—
Deed Of Trust
related
$400,000 · Farmers State Bank
—
—
Rodney E Schutzman
—
Deed Of Trust
related
$150,000 · Farmers State Bank
—
—
Rodney E Schutzman
—
Deed Of Trust
related
—
—
—
Rodney E Schutzman
—
Deed Of Trust
related
$330,000 · Black Hawk Economic Dev INC
—
—
Rodney E Schutzman
—
Deed Of Trust
related
$320,000 · Farmers State Bank
—
—
Rodney E Schutzman
—
Deed Of Trust
related
$275,000 · Farmers St Bk
—
—
Rodney E Schutzman
—
Deed Of Trust
related
$160,020 · Farmers St Bk
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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