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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Hotels
1726 Lk Ave Storm Lake, IA 50588-7647
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0309650
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1997
Total area
28,147 SF
Lot
3.13 ac (136,343 SF)
APN
10-34-126-014
UPID
US25-0309650
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
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.30M
Owner & transaction history
North Lake Acres LLC · 2 yrs held
North Lake Acres LLC
since 2024
Last sale
$2.3M
6 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 Storm Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Storm Lake 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
$2,300,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,040,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,735,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$2,465,000
Change: 0% · Conversion: Difficult
RESTAURANT
$2,400,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,220,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,575,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,495,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.30M (Jul 3 2024)
Last sale anchor
$2.30M
Jul 3 2024
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
$82 / 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
$58,472
Tax year 2023
Assessed value
$1,649,890
Assessed 2024
Previous assessed
$1,649,890
+0.0% YoY
Effective rate
3.54%
On assessed value
Assessed land
$472,430
Assessed improvement
$1,177,460
Land market value
$472,430
Improvement market value
$1,177,460
Total market value
$1,649,890
Applied tax rate
96.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1997
Heating
NONE
Cooling
YES
Stories
2
Total area
28,147 SF
Lot
3.13 ac (136,343 SF)
APN
10-34-126-014
UPID
US25-0309650
Jurisdiction
BUENA VISTA
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
WAREHOUSE, STORAGE
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
RESTAURANT
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1997
Heating
NONE
Cooling
Yes
Stories
2
Lot
3.13 ac
Current owner
From public records · entity-resolved
North Lake Acres LLC
Entity
Mailing address
2041 270TH ST N STE C, EARLY, IA 50535-7552
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jul 3, 2024
$2,300,000
North Lake Acres LLC
1726 N Lake Ave LLC
Special Warranty Deed
$2,340,000 · United Bank Of Iowa
Jul 2, 2024
$1,500,000
1726 N Lake Ave LLC
Dev Hospitality LLC
Warranty Deed
—
Feb 20, 2018
$1,319,500
Dev Hospitality LLC
Varaha INC
Warranty Deed
$1,275,000 · Great Western Bank
Jan 30, 2013
$910,000
Varaha INC
Eh National Bank
Warranty Deed
—
Jul 7, 2008
$4,800,000
Sungam Hospitality LLC
Dnd Airport LLC
Warranty Deed
$350,000 · Dnd Airport LLC
Jun 24, 2005
$2,700,500
Dnd Airport LLC
Pmc Commercial Trust
Special Warranty Deed
$815,000 · Bank Of West
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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