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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Strip malls
150 4th Ave Eldridge, IA 52748-1939
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-0585714
Property summary
AI-generated overview
This exceptional commercial property at 150 S 4th Avenue in Eldridge, Iowa, presents a unique investment opportunity. The 13,832 square foot building sits on a C-3 zoned lot (APN 9314033102) in Scott County and features a single, multi-tenant building with one suite currently available. The available space totals 1,560 square feet and is an end-cap suite within a thriving retail strip center. This prime location benefits from strong anchor tenants including Genesis Physical Rehab, Hungry Hobo, and Reiser Jennings & Co., ensuring high visibility and foot traffic. The property includes five parking spaces for the convenience of tenants and customers. The address is 150 S 4th Avenue, Eldridge, IA 52748. This property is ideal for a variety of retail or office uses, offering a blend of accessibility and established commercial presence. The property's location in Eldridge, Iowa provides easy access to major transportation routes and a growing community. This is a rare opportunity to secure a well-positioned commercial space in a desirable location. Contact us today to learn more about this exceptional property.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
13,832 SF
Lot
1.68 ac (73,181 SF)
APN
9314033102
UPID
US25-0585714
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
-
Wausau Homes Eldridge Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.41M
Owner & transaction history
MCALISTER PROPERTIES LLC
MCALISTER PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+6.2%
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 Eldridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eldridge 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
NEIGHBORHOOD: SHOPPING CENTER
$2,140,000
Current use
AUTO REPAIR, GARAGE
$2,275,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$1,790,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±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
$102 / 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
$38,214
Tax year 2023
Assessed value
$1,647,700
Assessed 2024
Previous assessed
$1,647,700
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$157,700
Assessed improvement
$1,490,000
Land market value
$157,700
Improvement market value
$1,490,000
Total market value
$1,647,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
13,832 SF
Lot
1.68 ac (73,181 SF)
APN
9314033102
UPID
US25-0585714
Jurisdiction
SCOTT
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
2007
Heating
NONE
Stories
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
MCALISTER PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1314 VAIL AVE, DURANT, IA 52747-9537
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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