Property profile

240 Alexander Ave Lisbon, IA 52253

OFF-MARKET
Warehouses
Property ID
US25-0248517
9,120 SF 1.98 ac lot Built 2023
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2023
Total area 9,120 SF
Lot 1.98 ac (86,249 SF)
APN 17-12-3-77-021-0-0000
UPID US25-0248517

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility

Location

240 Alexander Ave Lisbon, IA 52253
Lisbon metro Census 10802 CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$608k
Blend (final) Blend
$535k

Owner & transaction history

since 2022
Last sale
$750,000
5 recorded transactions
2022
$750,000
2021
Price N/A
2010
$332,000
2008
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.0M +120.8%
Auto repair, garage $975,000 +108.0%
Neighborhood: shopping center $935,000 +100.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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