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Property profile & analytics
OFF-MARKET
Estimated value
$4,850,000
Hotels
2137 Isaac Newton Dr Ames, IA 50010-8216
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0570417
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Total area
41,754 SF
Lot
1.97 ac (85,923 SF)
Zoning code
HOC
APN
09-12-476-065
UPID
US25-0570417
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
$4.58M
CAP Approach
CAP
$3.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.85M
Owner & transaction history
Jsk Iowa Properties LLC · 3 yrs held
Jsk Iowa Properties LLC
since 2023
Last sale
$5.0M
4 recorded transactions
Zoning & alternative use
HOC · Ames, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+591.9%
Neighborhood: shopping center
$3.6M
+328.4%
Restaurant
$3.5M
+309.0%
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 Ames submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ames 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
$4,780,000
ML approach
$4,580,000
CAP Approach
CAP Return
Estimation
6%
$4,320,000
6.5%
$3,990,000
7%
$3,705,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,865,000
Change: +592% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,635,000
Change: +328% · Conversion: Difficult
RESTAURANT
$3,470,000
Change: +309% · Conversion: Difficult
OFFICE BUILDING
$3,300,000
Change: +289% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,240,000
Change: +282% · Conversion: Difficult
Blend value · Realmo final
$4.85M
Range $4.37M – $5.34M · ±10% · vs last sale $5.03M (Apr 20 2023)
Last sale anchor
$5.03M
Apr 20 2023
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
$116 / 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
$116,330
Tax year 2023
Assessed value
$4,290,500
Assessed 2024
Previous assessed
$4,290,500
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$530,600
Assessed improvement
$3,759,900
Land market value
$530,600
Improvement market value
$3,759,900
Total market value
$4,290,500
Applied tax rate
1,001.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2006
Heating
NONE
Stories
3
Total area
41,754 SF
Lot
1.97 ac (85,923 SF)
Zoning code
HOC
APN
09-12-476-065
UPID
US25-0570417
Jurisdiction
STORY
Zoning & alternative use
HOC · Ames, IA
Zoning HOC · permitted uses
HOC · Ames, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ames. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
RESTAURANT
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2006
Heating
NONE
Stories
3
Lot
1.97 ac
Current owner
From public records · entity-resolved
Jsk Iowa Properties LLC
Entity
Mailing address
315 ROOSEVELT RD, PELLA, IA 50219-7913
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2023
$5,025,000
Jsk Iowa Properties LLC
Radhe INC
Warranty Deed
$5,925,000 · Community 1st Cu
Apr 20, 2023
—
Jsk Iowa Properties LLC
—
Deed
related
$5,925,000 · Community 1st Cu
Dec 3, 2021
—
Radhe INC
—
Deed
related
$2,247,129 · Central Bank
Aug 15, 2018
—
Radhe INC
—
Deed
related
$3,200,000 · Metabank
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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