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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Warehouses
12155 J Ave Perry, IA 50220-6028
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US25-0513731
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2012
Total area
8,064 SF
Lot
8.52 ac (371,131 SF)
APN
204226005
UPID
US25-0513731
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
-
DM Crop Research Group Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$868k
Blend (final)
Blend
$775k
Owner & transaction history
Dm Corp LLC · 3 yrs held
Dm Corp LLC
since 2022
Last sale
$714,875
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+28.4%
Office building
$1.2M
+17.2%
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 Perry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perry 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
$765,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$985,000
Current use
AUTO REPAIR, GARAGE
$1,265,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$1,150,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $715k (Oct 28 2022)
Last sale anchor
$715k
Oct 28 2022
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
$96 / 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
$23,120
Tax year 2023
Assessed value
$701,410
Assessed 2024
Previous assessed
$691,950
+1.4% YoY
Effective rate
3.30%
On assessed value
Assessed land
$185,570
Assessed improvement
$515,840
Land market value
$185,570
Improvement market value
$515,840
Total market value
$701,410
Applied tax rate
670,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2012
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
8,064 SF
Lot
8.52 ac (371,131 SF)
APN
204226005
UPID
US25-0513731
Jurisdiction
DALLAS
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
WAREHOUSE, STORAGE Current
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
2012
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
8.52 ac
Current owner
From public records · entity-resolved
Dm Corp LLC
Entity
Mailing address
11566 NW 107TH CT, GRANGER, IA 50109-9701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
$714,875
Dm Corp LLC
Kyle Baxter
Warranty Deed
$572,000 · Grinnell State Bank
Mar 19, 2019
—
Kyle Baxter
—
Deed
related
$200,000 · Raccoon Valley Bank
Jul 19, 2016
—
Kyle R Baxter
—
Deed
related
$475,000 · Raccoon Vly Bk
May 5, 2011
—
Kyle Baxter
—
Trustees Deed
related
$140,000 · Earlham Savings Bank
Jun 1, 2005
$32,500
Ronald D Roberts
Christian,douglas R
Grant Deed
—
Jun 1, 2005
—
Ronald D Roberts
Christian,donald E & Amy M
Grant Deed
related
—
—
—
Kyle Baxter
—
Deed Of Trust
related
$442,000 · Earlham Savings Bank
—
—
Kyle R Baxter
—
Deed Of Trust
related
$475,000 · Raccoon Vly 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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