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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Banks
205 Main St Marshalltown, IA 50158-5845
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-1228141
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2001
Total area
9,889 SF
Lot
1.07 ac (46,770 SF)
Zoning code
CBD
APN
8418-26-379-025
UPID
US25-1228141
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
-
Shazam Atm Atm
-
Farmers Savings Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$719k
Blend (final)
Blend
$560k
Owner & transaction history
Murph Co Machine Tool LLC · 3 yrs held
Murph Co Machine Tool LLC
since 2023
7 recorded transactions
Zoning & alternative use
CBD · Marshalltown, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$825,000
+1.1%
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 Marshalltown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marshalltown 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
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$815,000
Current use
COMMERCIAL (GENERAL)
$825,000
Change: +1% · Conversion: Difficult
RESTAURANT
$770,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$765,000
Change: -7% · Conversion: Difficult
WAREHOUSE, STORAGE
$685,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$57 / 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
$59,538
Tax year 2023
Assessed value
$1,752,900
Assessed 2024
Previous assessed
$1,752,900
+0.0% YoY
Effective rate
3.40%
On assessed value
Assessed land
$116,930
Assessed improvement
$1,635,970
Land market value
$116,930
Improvement market value
$1,635,970
Total market value
$1,752,900
Applied tax rate
640,228.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Stories
1
Total area
9,889 SF
Lot
1.07 ac (46,770 SF)
Zoning code
CBD
APN
8418-26-379-025
UPID
US25-1228141
Jurisdiction
MARSHALL
Zoning & alternative use
CBD · Marshalltown, IA
Zoning CBD · permitted uses
CBD · Marshalltown, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marshalltown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$825,000
RESTAURANT
Est. value
$770,000
OFFICE BUILDING
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$685,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2001
Heating
FORCED AIR
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Murph Co Machine Tool LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2023
—
Murph Co Machine Tool LLC
—
Deed
related
$32,000 · Farmers Savings Bank
Jan 19, 2023
—
Home Properties LLC
—
Deed
related
$30,554 · Farmers Savings Bank
Jul 18, 2022
—
Lori A Cantu
—
Deed
related
$65,000 · Farmers Savings Bank
Oct 25, 2021
—
Jacey M Lehman Trustee
—
Deed
related
$178,000 · Farmers Savings Bank
Oct 18, 2021
—
Mhs Properties LLC
—
Deed
related
$7,000,000 · Farmers Savings Bank
Jun 21, 2021
—
Rocky E Monk
—
Deed
related
$60,360 · Farmers Savings Bank
Apr 26, 2021
—
Justin Vogeler
—
Deed
related
$375,000 · Farmers Savings Bank
Jun 17, 2020
—
Morris R Wolken
—
Deed
related
$150,000 · Farmers Savings Bank
Jun 16, 2020
—
Christopher R Brodin
—
Deed
related
$495,000 · Farmers Savings Bank
Jan 31, 2020
—
Joseph P Mcguire
—
Deed
related
$319,324 · Farmers National Bank
Jan 17, 2020
—
Jerry V Staalduine
—
Deed
related
$20,000 · Farmers National Bank
Apr 30, 2018
—
Nicholas L Davenport
—
Deed
related
$53,000 · Farmers State Bank
Feb 5, 2018
—
David J Hayes
—
Deed
related
$28,800 · Farmers State Bank
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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