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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Hotels
1317 7th Ave Marion, IA 52302-3419
Individually Owned
5-yr Hold
Free & Clear
Property ID
US25-0417370
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2013
Total area
15,969 SF
Lot
0.28 ac (12,197 SF)
APN
15-06-2-42-002-0-0000
UPID
US25-0417370
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$841k
Blend (final)
Blend
$920k
Owner & transaction history
Kimberly J Nicholls · 5 yrs held
Kimberly J Nicholls
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+178.5%
Commercial (general)
$1.3M
+147.2%
Retail stores
$1.1M
+121.4%
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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,430,000
Change: +178% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,270,000
Change: +147% · Conversion: Difficult
RETAIL STORES
$1,140,000
Change: +121% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,100,000
Change: +114% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,020,000
Change: +98% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$920,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10%
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
$58 / 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
$78,550
Tax year 2022
Assessed value
$2,274,800
Assessed 2023
Previous assessed
$2,202,400
+3.3% YoY
Effective rate
3.45%
On assessed value
Assessed land
$108,000
Assessed improvement
$2,166,800
Land market value
$108,000
Improvement market value
$2,166,800
Total market value
$2,274,800
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2013
Heating
NONE
Buildings
2
Total area
15,969 SF
Lot
0.28 ac (12,197 SF)
APN
15-06-2-42-002-0-0000
UPID
US25-0417370
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
RESTAURANT
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$920,000
OFFICE BUILDING
Est. value
$870,000
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2013
Heating
NONE
Buildings
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Kimberly J Nicholls
Individual
Free & Clear · 5 yrs held
Mailing address
1317 7TH AVE STE B, MARION, IA 52302-3424
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2020
—
Kimberly J Nicholls
Kimberly J Nicholls
Quit Claim Deed
related
—
Apr 5, 2013
—
Pds Investments LLC
High,phillip E & Becky A
Warranty Deed
related
—
Feb 16, 2012
$160,000
Phillip E High
Jensen Stephan & M Trust
Warranty Deed
—
Oct 24, 2011
$140,000
Stephan P Jensen
Hoover,gerald L & Arlene R
Grant Deed
—
Aug 18, 2009
—
Jensen,stephan & Madilene Trust
Jensen,stephan P & Madilene
Quit Claim Deed
related
—
—
—
Pds Investments LLC
—
Deed Of Trust
related
$1,889,574 · Kerndt Brothers Svgs Bk-cedar
—
—
Pds Investments LLC
—
Deed Of Trust
related
$410,426 · Kerndt Bros Svgs 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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