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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Strip malls
1709 Jefferson Way Indianola, IA 50125-1480
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2070450
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
FRAME
Total area
20,342 SF
Lot
3.34 ac (145,490 SF)
APN
48617000015
UPID
US25-2070450
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
-
Tina's Nails Nail Salon
-
Pizza Ranch FunZone Arcade Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
Lauren Mach, PT Physician
-
Pizza Ranch Restaurant Buffet
-
Pure Salon AVEDA Indianola Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.79M
Owner & transaction history
Indianola Re LLC · 5 yrs held
Indianola Re LLC
since 2021
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+130.2%
Medical building
$2.3M
+84.1%
Restaurant
$1.8M
+44.1%
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 Indianola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianola 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
$1,720,000
ML approach
$1,630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,270,000
Current use
OFFICE BUILDING
$2,925,000
Change: +130% · Conversion: Moderate
MEDICAL BUILDING
$2,340,000
Change: +84% · Conversion: Difficult
RESTAURANT
$1,830,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,715,000
Change: +35% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,655,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$1,520,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $1.90M (Jul 23 2021)
Last sale anchor
$1.90M
Jul 23 2021
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
$88 / 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
$64,424
Tax year 2023
Assessed value
$1,923,100
Assessed 2024
Previous assessed
$1,923,100
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$436,500
Assessed improvement
$1,486,600
Land market value
$436,500
Improvement market value
$1,486,600
Total market value
$1,923,100
Applied tax rate
48,300.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
FRAME
Stories
1
Total area
20,342 SF
Lot
3.34 ac (145,490 SF)
APN
48617000015
UPID
US25-2070450
Jurisdiction
WARREN
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.3M
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2004
Construction
FRAME
Stories
1
Lot
3.34 ac
Current owner
From public records · entity-resolved
Indianola Re LLC
Entity
Mailing address
3550 500TH ST, ORANGE CITY, IA 51041-7554
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jul 23, 2021
$1,900,000
Indianola Re LLC
Jgc Holdings LLC
Warranty Deed
$2,070,000 · American State Bank
Mar 12, 2020
—
Jgc Holdings LLC
1705 N Jefferson Way LLC
Intrafamily Transfer
related
$11,630,000 · Iowa Trust & Savings Bank
Sep 27, 2019
—
1705 N Jefferson Way LLC
Jarcor LLC
Warranty Deed
—
Jan 6, 2017
$1,812,500
Jarcor LLC
Ata LLC
Warranty Deed
$1,812,500 · Community State Bank
Mar 17, 2008
$1,790,000
Bank Of The West
David Walters
Sheriffs Deed
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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