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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Commercial real estate
21 Williams Blvd Fairfax, IA 52228-9532
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0158767
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1997
Total area
7,525 SF
Lot
2.12 ac (92,347 SF)
APN
20091-76002-00000
UPID
US25-0158767
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
-
Waln Repair & Collision Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$695k
Blend (final)
Blend
$910k
Owner & transaction history
Steven W Waln · 20 yrs held
Steven W Waln
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$850,000
+79.1%
Auto repair, garage
$805,000
+68.7%
Neighborhood: shopping center
$775,000
+62.4%
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 Fairfax submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfax 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%
$1,110,000
6.5%
$1,025,000
7%
$950,000
Alternative Use
Use
Estimation
RESTAURANT
$850,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$805,000
Change: +69% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$750,000
Change: +58% · Conversion: Easy
RETAIL STORES
$605,000
Change: +27% · Conversion: Easy
OFFICE BUILDING
$595,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$121 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$20,640
Tax year 2022
Assessed value
$939,200
Assessed 2023
Previous assessed
$939,200
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$298,400
Assessed improvement
$640,800
Land market value
$298,400
Improvement market value
$640,800
Total market value
$939,200
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
7,525 SF
Lot
2.12 ac (92,347 SF)
APN
20091-76002-00000
UPID
US25-0158767
Jurisdiction
LINN
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
RESTAURANT
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$775,000
MEDICAL BUILDING
Est. value
$750,000
RETAIL STORES
Est. value
$605,000
OFFICE BUILDING
Est. value
$595,000
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
OFFICE 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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
2.12 ac
Current owner
From public records · entity-resolved
Steven W Waln
Individual
Mailing address
6000 BEVERLY RD SW, CEDAR RAPIDS, IA 52404-7114
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2005
—
Steven W Waln
Waln,steven W & Teresa L
Quit Claim Deed
related
—
—
—
Steven W Waln
—
Deed Of Trust
related
$575,000 · Mount Vernon Bk&tr
—
—
Steven W Waln
—
Deed Of Trust
related
$290,000 · Mount Vernon Bank & Trust
—
—
Steven W Waln
—
Deed Of Trust
related
$78,000 · Mount Vernon Bank & Trust
—
—
Steven W Waln
—
Deed Of Trust
related
$108,000 · Mount Vernon Bank & Trust
—
—
Steven W Waln
—
Deed Of Trust
related
$467,000 · Mount Vernon Bank & Trust
—
—
Steven W Waln
—
Deed Of Trust
related
$130,000 · Mount Vernon Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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