Back to Search
Property profile & analytics
OFF-MARKET
Warehouses
201 Blf Bluff Polk City, IA 50226-2301
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0293160
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1940
Construction
FRAME
Total area
1,920 SF
Lot
0.23 ac (10,200 SF)
Zoning code
M-1
APN
261/00007-000-000
UPID
US25-0293160
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1-axis Hvac Ll · 1 yrs held
1-axis Hvac Ll
since 2025
Last sale
$20,000
3 recorded transactions
Zoning & alternative use
M-1 · Polk City, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A. M-1 Light Industrial District. The M-1 district is intended to reserve sites appropriate for the location of industrial uses with relatively limited environmental effects. The district is designed to provide appropriate space and regulations to encourage good quality industrial development while assuring that facilities are served with adequate parking an…
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
62.91 ac
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 Polk City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Polk 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,968
Tax year 2023
Assessed value
$149,000
Assessed 2024
Previous assessed
$149,000
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$10,300
Assessed improvement
$138,700
Land market value
$10,300
Improvement market value
$138,700
Total market value
$149,000
Applied tax rate
7.0000
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
1940
Construction
FRAME
Heating
CENTRAL
Buildings
2
Stories
1
Rooms
7
Bathrooms
1
Total area
1,920 SF
Lot
0.23 ac (10,200 SF)
Zoning code
M-1
APN
261/00007-000-000
UPID
US25-0293160
Jurisdiction
POLK
Zoning & alternative use
M-1 · Polk City, IAZoning M-1 · permitted uses
M-1 · Polk City, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A. M-1 Light Industrial District. The M-1 district is intended to reserve sites appropriate for the location of industrial uses with relatively limited environmental effects. The district is designed to provide appropriate space and regulations to encourage good quality industrial development while assuring that facilities are served with adequate parking and loading facilities and buffered from less intensive uses.
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
62.91 ac
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
CENTRAL
Stories
1
Buildings
2
Rooms
7
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
1-axis Hvac Ll
Individual
Mailing address
204 E MADISON DR, POLK CITY, IA 50226-1170
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2025
$320,000
1-axis Hvac Ll
James M Franck
Deed
—
Jul 18, 2024
—
James M Franck
James M Franck
Intrafamily Transfer
related
—
Jun 24, 2024
—
James M Franck
James M Franck
Intrafamily Transfer
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 201 Blf Bluff?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
