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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Warehouses
1321 Hwy 965th NW Swisher, IA 52338-9573
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-2351541
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
FRAME
Total area
6,944 SF
Lot
1.9 ac (82,764 SF)
APN
308401002
UPID
US25-2351541
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
-
RTL Equipment, Inc. Building Supply Industrial Manufacturer
-
Terracon Consultants, Inc. Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$980k
Blend (final)
Blend
$995k
Owner & transaction history
Rtl Capital Land Holdings LLC · 4 yrs held
Rtl Capital Land Holdings LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+58.9%
Retail stores
$1.1M
+36.6%
Office building
$895,000
+12.0%
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 Swisher submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Swisher 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%
$900,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$800,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,270,000
Change: +59% · Conversion: Moderate
RETAIL STORES
$1,095,000
Change: +37% · Conversion: Moderate
OFFICE BUILDING
$895,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$760,000
Change: -5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$650,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$143 / 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
$10,686
Tax year 2023
Assessed value
$481,600
Assessed 2024
Previous assessed
$481,600
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$206,900
Assessed improvement
$274,700
Land market value
$206,900
Improvement market value
$274,700
Total market value
$481,600
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
1977
Construction
FRAME
Buildings
2
Stories
1
Total area
6,944 SF
Lot
1.9 ac (82,764 SF)
APN
308401002
UPID
US25-2351541
Jurisdiction
JOHNSON
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
$800,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$760,000
INDUSTRIAL (GENERAL)
Est. value
$650,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1977
Construction
FRAME
Stories
1
Buildings
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
Rtl Capital Land Holdings LLC
Entity
Mailing address
1321 HWY 965TH NW, SWISHER, IA 52338-9573
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
—
Rti Capital Land Holdings LLC
—
Deed
related
$7,000,000 · Ohnward Bank & Trust Co
Mar 14, 2022
—
Rtl Capital Land Holdings LLC
Rtl Capital INC
Warranty Deed
—
Mar 18, 2019
—
Rtl Equipment INC
—
Deed
related
$4,479,319 · Ohnward Bank & Trust Co
Aug 2, 2017
—
Rtl Equipment INC
—
Deed
related
$4,479,319 · Ohnward Bank & Trust Co
Mar 2, 2012
$350,000
Rtl Equipment INC
Freedom Security Bank
Corporation Deed
$342,000 · South Story Bank & Trust
Oct 18, 2011
$330,401
Freedom Security Bank
Jeffrey L Joslyn
Sheriffs Deed
related
—
Sep 2, 2005
$262,000
Jeffrey L Joslyn
Robert G Burke
Trustees Deed
related
$196,500 · Freedom Security Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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