Back to Search
Property profile & analytics
OFF-MARKET
Warehouses
138 Cumberland St Fremont, IA 52561
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-1880131
Property summary
AI-generated overview
This exceptional commercial property in Fremont, Iowa, presents a compelling investment opportunity. Located on Highway 23, near Casey's General Store, this 0.39-acre lot (APN 1614262009) boasts a prime location within Mahaska County. The property comprises two buildings: a 30' x 100' mini-storage facility with 20 (10' x 15') units, 17 of which are currently leased month-to-month, and a 60' x 100' post-frame warehouse with 16' sidewalls and two 14' overhead doors. The warehouse currently houses 16 tenants under annual leases expiring November 1st, 2024. Both buildings offer ample parking. The mini-storage units feature manually operated overhead doors. The property is zoned commercial, allowing for diverse future uses beyond self-storage. Built in 1992 (mini-storage) and 1996 (warehouse), this established business offers immediate cash flow and significant upside potential through lease renewals and marketing. The asking price is $205,000. This property is ideal for investors seeking immediate return and long-term growth in a thriving Iowa community. The address is 138 N Cumberland St, Fremont, IA 52561.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
FRAME
Total area
6,400 SF
Lot
0.39 ac (16,896 SF)
APN
1614262009
UPID
US25-1880131
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lucky Investments LLC · 2 yrs held
Lucky Investments LLC
since 2024
Last sale
$175,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fremont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fremont 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,292
Tax year 2023
Assessed value
$88,910
Assessed 2024
Previous assessed
$94,580
-6.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$12,390
Assessed improvement
$76,520
Land market value
$12,390
Improvement market value
$76,520
Total market value
$88,910
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1996
Construction
FRAME
Buildings
2
Stories
1
Total area
6,400 SF
Lot
0.39 ac (16,896 SF)
APN
1614262009
UPID
US25-1880131
Jurisdiction
MAHASKA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Construction
FRAME
Stories
1
Buildings
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Lucky Investments LLC
Entity
Mailing address
106 S MADISON ST, BLOOMFIELD, IA 52537-1620
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2024
$175,000
Lucky Investments LLC
Integrity Property Management LLC
Warranty Deed
$140,000 · Community 1st Cu
Apr 8, 2022
—
Integrity Property Management LLC
Spring Creek Village LLC
Warranty Deed
—
Mar 7, 2012
$83,000
Mark Mauer Investment Properties Ll
Donna Y Lappin
Warranty Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 138 Cumberland St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
