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Property profile & analytics
OFF-MARKET
Warehouses
16455 Lark Ave Mason City, IA 50401-9422
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0362424
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Construction
FRAME
Total area
9,900 SF
Lot
9.26 ac (403,366 SF)
APN
61330000100
UPID
US25-0362424
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
-
Lahner Electric Electrical Service General Contractor
-
Hussey & Co Big Box & Wholesale Store Agricultural Supply
-
MN-Iowa Electric Motors & Equipment, Inc. Electric Motor Store
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
Summit Ridge Properties LLC · 6 yrs held
Summit Ridge Properties LLC
since 2020
Last sale
$347,150
5 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 Mason City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mason City 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 2022Property tax & assessments
Tax year 2022
Tax billed
$13,604
Tax year 2022
Assessed value
$827,250
Assessed 2024
Previous assessed
$827,250
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$75,000
Assessed improvement
$752,250
Land market value
$75,000
Improvement market value
$752,250
Total market value
$827,250
Applied tax rate
18,052.0000
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
2021
Construction
FRAME
Heating
NONE
Buildings
3
Stories
1
Total area
9,900 SF
Lot
9.26 ac (403,366 SF)
APN
61330000100
UPID
US25-0362424
Jurisdiction
CERRO GORDO
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
2021
Construction
FRAME
Heating
NONE
Stories
1
Buildings
3
Lot
9.26 ac
Current owner
From public records · entity-resolved
Summit Ridge Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2011 S 24TH ST, CLEAR LAKE, IA 50428-4008
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2021
—
Summit Ridge Properties LLC
—
Deed
related
$160,000 · Farmers State Bank
May 1, 2020
$347,150
Summit Ridge Properties LLC
Ryan B Lahner
Warranty Deed
—
Oct 19, 2017
—
Ryan B Lahner
Alison M Lahner
Quit Claim Deed
related
—
Dec 27, 2006
$275,000
Jjmn LLC
Leon M Thomas
Warranty Deed
$220,475 · Community National Bank
May 30, 2006
—
Leon M Thomas
Ralph R Thomas Trust
Legal Action/court Order
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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