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Property profile & analytics
OFF-MARKET
Estimated value
$4,600,000
Office buildings
1309 Technology Pkwy, Cedar Falls, IA 50613-6976
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-0158048
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
CONCRETE BLOCKS
Total area
51,888 SF
Lot
13.57 ac (591,109 SF)
APN
8914-35-401-018
UPID
US25-0158048
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
-
CBE Group Accounting Firm Loan Service
-
CBE Companies Telecommunications Service Tech Support Center
-
FedEx Drop Box Postal Service Courier Service
-
LocateSmarter, LLC Information Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.55M
CAP Approach
CAP
$5.58M
Comparable Approach
Comparable
$2.78M
Blend (final)
Blend
$4.60M
Owner & transaction history
Reel Deal Holdings LLC · 2 yrs held
Reel Deal Holdings LLC
since 2023
Last sale
$4.5M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+41.9%
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 Cedar Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Falls 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
$3,865,000
ML approach
$4,550,000
CAP Approach
CAP Return
Estimation
6%
$6,040,000
6.5%
$5,575,000
7%
$5,180,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,620,000
Current use
RESTAURANT
$5,140,000
Change: +42% · Conversion: Moderate
RETAIL STORES
$3,370,000
Change: -7% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,105,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.60M
Range $4.14M – $5.06M · ±10% · vs last sale $4.50M (Sep 5 2023)
Last sale anchor
$4.50M
Sep 5 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
$89 / 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
$144,443
Tax year 2023
Assessed value
$4,830,000
Assessed 2024
Previous assessed
$4,830,000
+0.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$351,400
Assessed improvement
$4,478,600
Land market value
$351,400
Improvement market value
$4,478,600
Total market value
$4,830,000
Applied tax rate
910,001.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
51,888 SF
Lot
13.57 ac (591,109 SF)
APN
8914-35-401-018
UPID
US25-0158048
Jurisdiction
BLACK HAWK
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
OFFICE BUILDING Current
Est. value
$3.6M
RESTAURANT
Est. value
$5.1M
RETAIL STORES
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$3.1M
OFFICE BUILDING 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
2001
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
13.57 ac
Current owner
From public records · entity-resolved
Reel Deal Holdings LLC
Entity
Mailing address
PO BOX 133, CEDAR FALLS, IA 50613-0016
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2023
$4,500,000
Reel Deal Holdings LLC
Penaluna Enterprises LLC
Warranty Deed
$3,825,000 · Bankiowa
Jul 1, 2010
$4,967,000
Penaluna Enterprises Co
Rabo Agrifinance INC Co
Special Warranty Deed
$3,762 · Wells Fargo Bank NA
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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