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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Office Spaces
1502 Mccoy St Algona, IA 50511-1239
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US25-0715302
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Total area
10,030 SF
Lot
0.4 ac (17,424 SF)
APN
22-01-207-004
UPID
US25-0715302
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
$1.05M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.03M
Owner & transaction history
Dale W Mechler · 11 yrs held
Dale W Mechler
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$900,000
+11.6%
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 Algona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Algona 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%
$1,130,000
6.5%
$1,045,000
7%
$970,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$805,000
Current use
WAREHOUSE, STORAGE
$900,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$785,000
Change: -2% · Conversion: Difficult
RESTAURANT
$645,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$103 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$12,002
Tax year 2021
Assessed value
$613,998
Assessed 2023
Previous assessed
$527,637
+16.4% YoY
Effective rate
1.95%
On assessed value
Assessed land
$20,000
Assessed improvement
$593,998
Land market value
$20,000
Improvement market value
$593,998
Total market value
$613,998
Applied tax rate
750.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Total area
10,030 SF
Lot
0.4 ac (17,424 SF)
APN
22-01-207-004
UPID
US25-0715302
Jurisdiction
KOSSUTH
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
COMMERCIAL (GENERAL) Current
Est. value
$805,000
WAREHOUSE, STORAGE
Est. value
$900,000
AUTO REPAIR, GARAGE
Est. value
$785,000
RESTAURANT
Est. value
$645,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
RESTAURANT
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
2006
Heating
NONE
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Dale W Mechler
Individual
Mailing address
104 BODE CIR, ALGONA, IA 50511-5020
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2023
—
Dale William Mechler
—
Deed
related
$150,000 · Bank Plus
Feb 24, 2020
—
Dale W Mechler
—
Deed
related
$502,976 · Bankplus
Feb 5, 2020
—
Dale W Mechler
—
Deed
related
$502,976 · Bankplus
Jan 23, 2015
$485,000
Dale W Mechler
Kenneth M Clark
Warranty Deed
$363,750 · Iowa State Bank
Jun 2, 2014
$485,000
Kenneth M Clark
H H & T Rentals LLC
Warranty Deed
—
Jan 13, 2006
—
Eugene P Hunt
Eugene P Hunt
Intrafamily Transfer
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.
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