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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Commercial real estate
229 Cody Rd, Leclaire, IA 52753-9219
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US25-0523650
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1845
Total area
4,264 SF
Lot
0.09 ac (4,051 SF)
APN
9535549101
UPID
US25-0523650
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
-
Le Claire Boat Ramp Boat Ramp
-
Mississippi River Distilling Company Celebration Center Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$473k
Blend (final)
Blend
$775k
Owner & transaction history
Apex Hospitality LLC
Apex Hospitality LLC
since 2026
Last sale
$803,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$750,000
+49.1%
Auto repair, garage
$700,000
+39.1%
Neighborhood: shopping center
$660,000
+31.0%
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 Leclaire submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leclaire 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
$1,080,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$505,000
Current use
MEDICAL BUILDING
$750,000
Change: +49% · Conversion: Easy
AUTO REPAIR, GARAGE
$700,000
Change: +39% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$660,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$550,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $803k (Feb 23 2026)
Last sale anchor
$803k
Feb 23 2026
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
$182 / 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
$14,030
Tax year 2023
Assessed value
$494,400
Assessed 2024
Previous assessed
$494,400
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$120,900
Assessed improvement
$373,500
Land market value
$120,900
Improvement market value
$373,500
Total market value
$494,400
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1845
Heating
NONE
Stories
2
Total area
4,264 SF
Lot
0.09 ac (4,051 SF)
APN
9535549101
UPID
US25-0523650
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
COMMERCIAL (GENERAL) Current
Est. value
$505,000
MEDICAL BUILDING
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$700,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$660,000
OFFICE BUILDING
Est. value
$550,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1845
Heating
NONE
Stories
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Apex Hospitality LLC
Entity
Mailing address
303 N CODY RD, LECLAIRE, IA 52753-9220
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Feb 23, 2026
$803,000
Apex Hospitality LLC
Mississippi River Distilling Compan
Warranty Deed
$825,000 · Blackhawk Bank & Trust
Nov 14, 2022
—
Mississippi River Distilling Compan
—
Deed
related
$75,000 · Blackhawk Bank & Trust
Mar 26, 2021
$820,000
Mississippi River Distilling Compan
Dana Development LLC
Warranty Deed
$988,000 · Blackhawk Bank & Trust
Aug 28, 2017
—
Dana Development LLC
—
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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