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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Flex space
214 Us 18th St Inwood, IA 51240-7579
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-2126038
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2019
Construction
FRAME
Total area
11,400 SF
Lot
0.98 ac (42,688 SF)
Zoning code
COMM-SMALL BUSINESS
APN
470000028110000
UPID
US25-2126038
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
$615k
Owner & transaction history
Allen H Van Engen · 11 yrs held
Allen H Van Engen
since 2014
1 recorded transaction
Zoning & alternative use
COMM-SMALL BUSINESS · Inwood, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$800,000
+8.3%
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 Inwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inwood 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$740,000
Current use
RESTAURANT
$800,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$685,000
Change: -7% · Conversion: Easy
RETAIL STORES
$615,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$54 / 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
$11,162
Tax year 2023
Assessed value
$546,209
Assessed 2024
Previous assessed
$513,916
+6.3% YoY
Effective rate
2.04%
On assessed value
Assessed land
$29,400
Assessed improvement
$516,809
Total market value
$772,260
Applied tax rate
470.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2019
Construction
FRAME
Buildings
2
Stories
1
Total area
11,400 SF
Lot
0.98 ac (42,688 SF)
Zoning code
COMM-SMALL BUSINESS
APN
470000028110000
UPID
US25-2126038
Jurisdiction
LYON
Zoning & alternative use
COMM-SMALL BUSINESS · Inwood, IA
Zoning COMM-SMALL BUSINESS · permitted uses
COMM-SMALL BUSINESS · Inwood, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Inwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$740,000
RESTAURANT
Est. value
$800,000
WAREHOUSE, STORAGE
Est. value
$685,000
RETAIL STORES
Est. value
$615,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
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
2019
Construction
FRAME
Stories
1
Buildings
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Allen H Van Engen
Individual
Free & Clear · 11 yrs held
Mailing address
112 N MAIN ST, INWOOD, IA 51240-7585
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2014
$132,500
Allen H Van Engen
Dustin Schouten
Warranty Deed
—
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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