New search
Property profile & analytics
OFF-MARKET
Warehouses
1614 12th S Ave, Clinton, IA 52732
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US25-1219114
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1948
Construction
FRAME
Total area
10,376 SF
Lot
0.59 ac (25,630 SF)
APN
8044840000
UPID
US25-1219114
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
Jesse 1 INC · 8 yrs held
Jesse 1 INC
since 2017
7 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 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
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
$3,504
Tax year 2023
Assessed value
$171,090
Assessed 2024
Previous assessed
$171,090
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$32,040
Assessed improvement
$139,050
Land market value
$32,040
Improvement market value
$139,050
Total market value
$171,090
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1948
Construction
FRAME
Heating
NONE
Stories
1
Total area
10,376 SF
Lot
0.59 ac (25,630 SF)
APN
8044840000
UPID
US25-1219114
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
Building & site characteristics
From public records
Year built
1948
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Jesse 1 INC
Entity
Mailing address
1801 S 21ST ST, CLINTON, IA 52732-6679
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2018
—
Apms LLC
—
Deed
related
$100,000 · Citizens First Bank
Oct 2, 2017
—
Apms Lc
—
Deed
related
$80,296 · Citizens 1st Bank
Aug 1, 2017
$305,000
Jesse 1 INC
Jerry M Irvine
Warranty Deed
—
Jul 26, 2017
—
Apms LLC
—
Deed
related
$31,267 · Citizens 1st Bank
May 24, 2017
—
Apms Lc
—
Deed
related
$98,540 · Citizens 1st Bank
Feb 1, 2017
—
Apms Lc Series 2
—
Deed
related
$500,000 · Citizens 1st Bank
Sep 4, 2012
—
Apms Co
Apms Co
Quit Claim Deed
related
—
Jul 3, 2012
$60,000
Jeffrey M Beckwith
Robert J Hughes
Legal Action/court Order
related
—
Jul 7, 2005
$105,000
Jerry M Irvine
Billy F Shores
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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