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Property profile & analytics
OFF-MARKET
Self service car washes
218 Sioux Ave Correctionville, IA 51016
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0356970
Property profile
Verified
Property type
Self service car washes
Use group
CAR WASH - SELF-SERVE
Year built
1973
Total area
1,200 SF
Lot
0.24 ac (10,560 SF)
Zoning code
C-23
APN
894234404001
UPID
US25-0356970
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
-
Dixon Construction General Contractor
-
Van Houten-Southwell Roadside Park and dog park Dog Park
-
Valley Car Wash Car Wash
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
Patrick Cheryl Knaack · 7 yrs held
Patrick Cheryl Knaack
since 2018
2 recorded transactions
Zoning & alternative use
C-23 · Correctionville, IA
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 Correctionville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Correctionville 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
$602
Tax year 2023
Assessed value
$32,440
Assessed 2024
Previous assessed
$32,440
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$10,440
Assessed improvement
$22,000
Land market value
$10,440
Improvement market value
$22,000
Total market value
$32,440
Applied tax rate
61.0000
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
Self service car washes
Use group
CAR WASH - SELF-SERVE
Status
Off-Market
Year built
1973
Heating
NONE
Stories
1
Total area
1,200 SF
Lot
0.24 ac (10,560 SF)
Zoning code
C-23
APN
894234404001
UPID
US25-0356970
Jurisdiction
WOODBURY
Zoning & alternative use
C-23 · Correctionville, IAZoning C-23 · permitted uses
C-23 · Correctionville, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
City Code Updated
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Patrick Cheryl Knaack
Individual
Free & Clear · 7 yrs held
Mailing address
813 8TH ST, CORRECTIONVILLE, IA 51016-1047
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2018
—
Patrick Cheryl Knaack
Knaack,gaylen M
Quit Claim Deed
related
—
Oct 21, 2014
—
Beazley Robert
Knaack Gaylen M
Grant 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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