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OFF-MARKET
Automotive properties
201 Rossville Rd Waukon, IA 52172-1937
Individually Owned
6-yr Hold
Free & Clear
Property ID
US25-1137329
Property summary
AI-generated overview
This exceptional commercial property, located at 201 Rossville Road in the heart of downtown Waukon, Iowa, presents a rare investment opportunity. The expansive 15,012 square foot main building sits on a generous 1.5-acre lot, offering excellent visibility and frontage. Currently configured for a multi-faceted business operation, the property boasts a large paved parking lot, multiple offices, a spacious showroom, a dedicated service area, convenient drive-in bays, a comfortable lounge area, and ample restroom facilities. A separate, well-maintained shop building is also included, ideal for various uses. The property's current configuration is adaptable to a wide range of commercial ventures, benefiting from its established presence and prime downtown location. This is a significant opportunity to acquire a Waukon landmark, with an appraisal already completed. The sale includes only the real estate
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1979
Construction
STEEL FRAME
Total area
3,000 SF
Lot
1.5 ac (65,470 SF)
APN
1031211002
UPID
US25-1137329
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
Steve Pladsen · 6 yrs held
Steve Pladsen
since 2020
3 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 Waukon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukon 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
$23,210
Tax year 2023
Assessed value
$813,500
Assessed 2024
Previous assessed
$813,500
+0.0% YoY
Effective rate
2.85%
On assessed value
Assessed land
$75,100
Assessed improvement
$738,400
Land market value
$75,100
Improvement market value
$738,400
Total market value
$813,500
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Total area
3,000 SF
Lot
1.5 ac (65,470 SF)
APN
1031211002
UPID
US25-1137329
Jurisdiction
ALLAMAKEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
1.5 ac
Current owner
From public records · entity-resolved
Steve Pladsen
Individual
Free & Clear · 6 yrs held
Mailing address
201 ROSSVILLE RD, WAUKON, IA 52172-1937
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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 8, 2020
$150,000
Steve Pladsen
Mark Pladsen
Warranty Deed
related
—
Mar 15, 2019
—
Stephen Edward Pladsen
—
Deed
related
—
Jul 18, 2018
—
Stephen Edward Pladsen
—
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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