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Property profile

201 2nd St Merrill, IA 51038

OFF-MARKET
Flex space
Property ID
US25-2312378
View Sample
2,277 SF 0.14 ac lot Built 1976
Individually Owned 3-yr Hold Absentee Owner

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1976
Construction FRAME
Total area 2,277 SF
Lot 0.14 ac (6,098 SF)
APN 18-11-117-004
UPID US25-2312378

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Car Dealership

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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