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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
220 9th Ave Eldridge, IA 52748-1751
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-2410116
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Construction
FRAME
Total area
4,620 SF
Lot
2 ac (87,120 SF)
APN
931155305
UPID
US25-2410116
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
-
White Roofing Company, Inc. Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$451k
Blend (final)
Blend
$555k
Owner & transaction history
Connor Realty · 1 yrs held
Connor Realty
since 2025
Last sale
$625,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$815,000
+121.4%
Auto repair, garage
$760,000
+106.5%
Neighborhood: shopping center
$715,000
+94.5%
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 Eldridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eldridge 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
$560,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$370,000
Current use
MEDICAL BUILDING
$815,000
Change: +121% · Conversion: Difficult
AUTO REPAIR, GARAGE
$760,000
Change: +106% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$715,000
Change: +94% · Conversion: Moderate
OFFICE BUILDING
$600,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$545,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$435,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $625k (Jun 17 2025)
Last sale anchor
$625k
Jun 17 2025
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
$120 / 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
$11,186
Tax year 2023
Assessed value
$495,000
Assessed 2024
Previous assessed
$495,000
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$196,000
Assessed improvement
$299,000
Land market value
$196,000
Improvement market value
$299,000
Total market value
$495,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
FRAME
Buildings
2
Stories
1
Total area
4,620 SF
Lot
2 ac (87,120 SF)
APN
931155305
UPID
US25-2410116
Jurisdiction
SCOTT
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
WAREHOUSE, STORAGE Current
Est. value
$370,000
MEDICAL BUILDING
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$715,000
OFFICE BUILDING
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$545,000
RETAIL STORES
Est. value
$435,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2017
Construction
FRAME
Stories
1
Buildings
2
Lot
2 ac
Current owner
From public records · entity-resolved
Connor Realty
Entity
Free & Clear · 1 yrs held
Mailing address
217 GOLFVIEW DR, ELDRIDGE, IA 52748-2008
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2025
$625,000
Connor Realty
White Family R
Deed
—
Apr 9, 2012
$170,000
Robert B White
Kenneth J White
Warranty Deed
related
—
Dec 18, 2009
—
Dorothy B White Revocable Trust
Dorothy B White
Quit Claim 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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