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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Warehouses
1501 21st St Eldora, IA 50627
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-1801329
Property summary
AI-generated overview
This exceptional value-add investment opportunity presents five industrial buildings totaling 63,544 square feet situated on a 5-acre lot in Eldora, Iowa. Located within the Eldora Industrial Park at 1501 21st St, zip code 50627, this property boasts a flexible layout suitable for manufacturing or warehousing operations. Built in 1966, the single-story structures feature multiple overhead and dock doors, facilitating efficient loading and unloading. The property benefits from a robust infrastructure including a three-phase power supply and an existing overhead crane system. The permitted zoning is M1. The asking price is $530,000, translating to $8.34 per square foot. This property is subject to the approval of the US District Court for the Southern District of Florida. Note that an adjacent property at 1702 21st St, Eldora, offering additional office space and over 50,000 square feet, may be available for purchase as well. This presents a unique chance to acquire a significant industrial footprint in a strategic location. The steel metal frame construction ensures durability and longevity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Total area
26,000 SF
Lot
5 ac (217,800 SF)
APN
871907406005
UPID
US25-1801329
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
-
A-M-E.co Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$986k
Blend (final)
Blend
$760k
Owner & transaction history
AMERICAN MADE EQUIPMENT INC
AMERICAN MADE EQUIPMENT INC
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 Eldora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eldora 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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$29 / 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
$12,104
Tax year 2023
Assessed value
$308,640
Assessed 2024
Previous assessed
$308,640
+0.0% YoY
Effective rate
3.92%
On assessed value
Assessed land
$45,000
Assessed improvement
$263,640
Land market value
$45,000
Improvement market value
$263,640
Total market value
$308,640
Applied tax rate
69,000.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Buildings
6
Stories
1
Total area
26,000 SF
Lot
5 ac (217,800 SF)
APN
871907406005
UPID
US25-1801329
Jurisdiction
HARDIN
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
1966
Stories
1
Buildings
6
Lot
5 ac
Current owner
From public records · entity-resolved
AMERICAN MADE EQUIPMENT INC
Entity
Free & Clear · 0 yrs held
Mailing address
1702 21ST ST, ELDORA, IA 50627-1547
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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