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Property profile & analytics
OFF-MARKET
Investment properties
231 Main St Cherokee, IA 51012-1838
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0608540
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1898
Total area
23,118 SF
Lot
0.2 ac (8,900 SF)
APN
734203001
UPID
US25-0608540
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
-
Historic Lewis Hotel Apartments Apartment Complex
-
Fokken Financial Services Financial Advisor
-
Lewis Apartments Apartment Building
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
Zoul Properties LLC · 4 yrs held
Zoul Properties LLC
since 2021
Last sale
$420,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Cherokee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cherokee 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
$2,924
Tax year 2023
Assessed value
$483,790
Assessed 2024
Previous assessed
$173,670
+178.6% YoY
Effective rate
0.60%
On assessed value
Assessed land
$24,400
Assessed improvement
$459,390
Total market value
$758,790
Applied tax rate
98.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1898
Heating
NONE
Stories
3
Total area
23,118 SF
Lot
0.2 ac (8,900 SF)
APN
734203001
UPID
US25-0608540
Jurisdiction
CHEROKEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1898
Heating
NONE
Stories
3
Lot
0.2 ac
Current owner
From public records · entity-resolved
Zoul Properties LLC
Entity
Mailing address
321 W 2ND ST, GRAND ISLAND, NE 68801-5933
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2023
—
Zoul Properties LLC
—
Deed
related
$875,000 · Rolling Hills Bank & Trust
Nov 16, 2021
$420,000
Zoul Properties LLC
Midwest Cabinets And Properties LLC
Warranty Deed
$588,000 · Rolling Hills Bank & Trust
Jul 2, 2021
—
Midwest Cabinets And Properties LLC
—
Deed
related
$347,000 · State Savings Bank
Mar 13, 2019
—
Midwest Cabinets And Properties LLC
Frank D Sawatzky
Quit Claim Deed
related
—
Mar 8, 2019
—
Frank Sawatzky
—
Deed
related
$171,675 · State Savings Bank
May 22, 2018
—
Historic Lewis Hotel LLC
Lewis Apartments INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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