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Property profile & analytics
OFF-MARKET
Estimated value
$3,650,000
Manufacturing properties
1300 Buchanan St Winterset, IA 50273-9589
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2059589
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1994
Total area
61,250 SF
Lot
8.34 ac (363,290 SF)
APN
821005100055100
UPID
US25-2059589
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
-
Merchandising Frontiers, Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.65M
CAP Approach
CAP
$3.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.65M
Owner & transaction history
Agriland Fs INC · 2 yrs held
Agriland Fs INC
since 2024
Last sale
$3.7M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+61.8%
Retail stores
$5.1M
+61.6%
Warehouse, storage
$5.0M
+57.8%
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 Winterset submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winterset 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
$3,650,000
ML approach
$3,650,000
CAP Approach
CAP Return
Estimation
6%
$4,185,000
6.5%
$3,865,000
7%
$3,590,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,160,000
Current use
RESTAURANT
$5,115,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$5,110,000
Change: +62% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,985,000
Change: +58% · Conversion: Easy
Blend value · Realmo final
$3.65M
Range $3.29M – $4.02M · ±10% · vs last sale $3.65M (Jul 18 2024)
Last sale anchor
$3.65M
Jul 18 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
$60 / 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
$42,252
Tax year 2023
Assessed value
$1,236,900
Assessed 2024
Previous assessed
$1,236,900
+0.0% YoY
Effective rate
3.42%
On assessed value
Assessed land
$169,700
Assessed improvement
$1,067,200
Land market value
$169,700
Improvement market value
$1,067,200
Total market value
$1,236,900
Applied tax rate
821.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1994
Stories
1
Total area
61,250 SF
Lot
8.34 ac (363,290 SF)
APN
821005100055100
UPID
US25-2059589
Jurisdiction
MADISON
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
RESTAURANT
Est. value
$5.1M
RETAIL STORES
Est. value
$5.1M
WAREHOUSE, STORAGE
Est. value
$5.0M
INDUSTRIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
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
1994
Stories
1
Lot
8.34 ac
Current owner
From public records · entity-resolved
Agriland Fs INC
Entity
Mailing address
421 N 10TH ST, WINTERSET, IA 50273-1365
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
$3,650,000
Agriland Fs INC
1300 E Buchanan LLC
Warranty Deed
—
Feb 27, 2020
—
1300 E Buchanan LLC
—
Deed
related
$741,000 · Iowa Bus Growth Co
Apr 3, 2019
—
1300 E Buchanan LLC
—
Deed
related
$1,620,000 · Two Rivers Bank And Trust
Dec 3, 2018
—
Merchandising Frontiers
—
Deed
related
$250,000 · Bank Of The West
Apr 10, 2017
—
Merchandision Frontiers INC
—
Deed
related
$500,000 · Bank Of The West
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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