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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Flex space
1814 Main St Granger, IA 50109-7719
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0413517
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1965
Total area
10,240 SF
Lot
0.39 ac (16,880 SF)
APN
812207020
UPID
US25-0413517
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
-
Iowa Carriers Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$572k
Blend (final)
Blend
$610k
Owner & transaction history
Iowa Prop & Land Mgmt INC · 6 yrs held
Iowa Prop & Land Mgmt INC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$895,000
+34.3%
Restaurant
$735,000
+10.1%
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 Granger submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Granger 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%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$670,000
Current use
OFFICE BUILDING
$895,000
Change: +34% · Conversion: Difficult
RESTAURANT
$735,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$595,000
Change: -11% · Conversion: Moderate
MEDICAL BUILDING
$550,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$60 / 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
$15,230
Tax year 2023
Assessed value
$491,430
Assessed 2024
Previous assessed
$491,430
+0.0% YoY
Effective rate
3.10%
On assessed value
Assessed land
$33,760
Assessed improvement
$457,670
Land market value
$33,760
Improvement market value
$457,670
Total market value
$491,430
Applied tax rate
580,000.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Total area
10,240 SF
Lot
0.39 ac (16,880 SF)
APN
812207020
UPID
US25-0413517
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
INDUSTRIAL (GENERAL) Current
Est. value
$670,000
OFFICE BUILDING
Est. value
$895,000
RESTAURANT
Est. value
$735,000
RETAIL STORES
Est. value
$595,000
MEDICAL BUILDING
Est. value
$550,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
MEDICAL 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
1965
Heating
NONE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Iowa Prop & Land Mgmt INC
Entity
Mailing address
3103 NE 17TH ST, ANKENY, IA 50021-4171
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Feb 26, 2020
—
Iowa Prop & Land Mgmt INC
—
Deed
related
$388,000 · Bank Iowa
Sep 18, 2019
$410,500
Iowa Prop & Land Mgmt INC
Kevin P Lindus
Warranty Deed
$388,000 · Bank Iowa
Oct 28, 2016
—
Gasche Family Trust
Gasche,daniel G JR & Mary J
Quit Claim Deed
related
—
—
—
Iowa Prop & Land Mgmt INC
—
Deed Of Trust
related
$388,000 · Bank Iowa
—
—
Kevin P Lindus
—
Deed Of Trust
related
$140,000 · Bremer Bank NA
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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