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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Warehouses
16180 Laurel St, Waukee, IA 50263-8153
Individually Owned
Free & Clear
Property ID
US25-2576644
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
12,108 SF
Lot
1.27 ac (55,321 SF)
APN
1235151004
UPID
US25-2576644
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
-
Rain Barrels Iowa Garden Center
-
Home Solutions of Iowa Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.17M
Owner & transaction history
Charles I Colby & Ruth Colby Invest
Charles I Colby & Ruth Colby Invest
since 2025
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 Waukee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukee 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
AUTO REPAIR, GARAGE
$1,895,000
Change: -10% · Conversion: Easy
OFFICE BUILDING
$1,730,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$96 / 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
$34,994
Tax year 2023
Assessed value
$1,149,900
Assessed 2024
Previous assessed
$1,149,900
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$221,280
Assessed improvement
$928,620
Land market value
$221,280
Improvement market value
$928,620
Total market value
$1,149,900
Applied tax rate
500,000.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
12,108 SF
Lot
1.27 ac (55,321 SF)
APN
1235151004
UPID
US25-2576644
Jurisdiction
DALLAS
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
AUTO REPAIR, GARAGE
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
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
1999
Heating
NONE
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Charles I Colby & Ruth Colby Invest
Individual
Free & Clear · 0 yrs held
Mailing address
16180 LAUREL ST, WAUKEE, IA 50263-8153
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2025
$1,950,000
Charles I Colby & Ruth Colby Invest
Super Boy Holdings LLC
Warranty Deed
—
Mar 12, 2021
—
Super Boy Holdings LLC
—
Deed
related
$1,500,000 · Freedom Financial Bank
Jan 2, 2018
$1,000,000
Super Boy Holdings LLC
Mccarthy Brothers LLC
Warranty Deed
related
$880,000 · Liberty Nat'l Bk
Sep 25, 2009
$640,000
Mccarthy Brothers LLC
Roadrunner Investments LLC
Warranty Deed
$358,000 · Wells Fargo Bank NA
May 3, 2005
$635,000
Roadrunner Investments LLC
Kc Holdings INC
Warranty Deed
—
Sep 10, 2004
—
Kc Holdings INC
—
Trustees Deed
related
$600,000 · Freedom Financial Bank
—
—
Mccarthy Brothers LLC
—
Deed Of Trust
related
$290,000 · Corporation/economic Dev/des M
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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