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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Warehouses
240 Alexander Ave Lisbon, IA 52253
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0248517
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$608k
Blend (final)
Blend
$635k
Owner & transaction history
J & T Hawks LLC · 4 yrs held
J & T Hawks LLC
since 2022
Last sale
$750,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+120.8%
Auto repair, garage
$975,000
+108.0%
Neighborhood: shopping center
$935,000
+100.2%
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 Lisbon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lisbon 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
$535,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$470,000
Current use
RESTAURANT
$1,030,000
Change: +121% · Conversion: Difficult
AUTO REPAIR, GARAGE
$975,000
Change: +108% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$935,000
Change: +100% · Conversion: Moderate
MEDICAL BUILDING
$910,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$735,000
Change: +57% · Conversion: Moderate
OFFICE BUILDING
$720,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$575,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $750k (Feb 28 2022)
Last sale anchor
$750k
Feb 28 2022
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
$70 / 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
$15,994
Tax year 2023
Assessed value
$548,300
Assessed 2024
Previous assessed
$548,300
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$193,700
Assessed improvement
$354,600
Land market value
$193,700
Improvement market value
$354,600
Total market value
$548,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2023
Heating
NONE
Buildings
6
Stories
1
Total area
9,120 SF
Lot
1.98 ac (86,249 SF)
APN
17-12-3-77-021-0-0000
UPID
US25-0248517
Jurisdiction
LINN
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
$470,000
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$975,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$935,000
MEDICAL BUILDING
Est. value
$910,000
RETAIL STORES
Est. value
$735,000
OFFICE BUILDING
Est. value
$720,000
COMMERCIAL (GENERAL)
Est. value
$575,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2023
Heating
NONE
Stories
1
Buildings
6
Lot
1.98 ac
Current owner
From public records · entity-resolved
J & T Hawks LLC
Entity
Mailing address
605 ADAMS AVE, LISBON, IA 52253-8510
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
$750,000
J & T Hawks LLC
Winnigoal LLC
Warranty Deed
$600,000 · Bridge Community Bank
Aug 25, 2021
—
Sheryl L Sturdivan
—
Deed
related
$409,000 · Rocket Mortgage LLC
May 28, 2010
$332,000
Winningoal LLC
Brown,robert B
Warranty Deed
$440,000 · Mount Vernon Bank & Trust
Jan 22, 2008
—
Robert B Brown
Brown,catherine M
Quit Claim Deed
related
—
—
—
Robert B Brown
—
Deed Of Trust
related
$143,450 · Hills Bank & Trust Co
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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