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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Banks
1442 Lincoln Way Clinton, IA 52732-7043
Entity Owned
1-yr Hold
Free & Clear
Property ID
US25-1158200
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1969
Total area
7,952 SF
Lot
0.7 ac (30,301 SF)
APN
8071310000
UPID
US25-1158200
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
-
Citizens First Bank Bank Loan Service
-
Shazam Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
Citizens First Bank · 1 yrs held
Citizens First Bank
since 2024
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$715,000
+14.1%
Restaurant
$640,000
+2.5%
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 Clinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clinton 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
FINANCIAL BUILDING
$625,000
Current use
COMMERCIAL (GENERAL)
$715,000
Change: +14% · Conversion: Difficult
RESTAURANT
$640,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$555,000
Change: -11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$555,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$540,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$505,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$77 / 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
$55,542
Tax year 2023
Assessed value
$1,620,560
Assessed 2024
Previous assessed
$1,620,560
+0.0% YoY
Effective rate
3.43%
On assessed value
Assessed land
$243,600
Assessed improvement
$1,376,960
Land market value
$243,600
Improvement market value
$1,376,960
Total market value
$1,620,560
Applied tax rate
740.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1969
Heating
NONE
Stories
1
Total area
7,952 SF
Lot
0.7 ac (30,301 SF)
APN
8071310000
UPID
US25-1158200
Jurisdiction
CLINTON
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
FINANCIAL BUILDING Current
Est. value
$625,000
COMMERCIAL (GENERAL)
Est. value
$715,000
RESTAURANT
Est. value
$640,000
OFFICE BUILDING
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$555,000
WAREHOUSE, STORAGE
Est. value
$540,000
MEDICAL BUILDING
Est. value
$505,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
MEDICAL 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
1969
Heating
NONE
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Citizens First Bank
Entity
Free & Clear · 1 yrs held
Mailing address
1442 LINCOLN WAY, CLINTON, IA 52732-7043
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2024
—
Citizens First Bank
Jon M Schluns
Deed
—
Feb 18, 2010
$74,368
Citizens First Bank
Rick Lincoln
Sheriffs Deed
related
—
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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