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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Medical Office Space
2400 Lillian Way Clinton, IA 52732-2001
Entity Owned
13-yr Hold
Absentee Owner
Property ID
US25-1158257
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Total area
6,217 SF
Lot
1.01 ac (43,996 SF)
APN
8063650024
UPID
US25-1158257
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
-
Serena Arancibia, PA-C Physician
-
Laura Thayer, PA Physician
-
MercyOne Clinton Urgent Care & Occupational Medicine Medical Clinic
-
Darcie Scott Pediatrician Physician
-
Amy Kibler Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$493k
Blend (final)
Blend
$525k
Owner & transaction history
Gateway Leasing Corp · 13 yrs held
Gateway Leasing Corp
since 2013
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$560,000
+41.1%
Restaurant
$500,000
+26.8%
Office building
$435,000
+9.9%
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 Clinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clinton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$395,000
Current use
COMMERCIAL (GENERAL)
$560,000
Change: +41% · Conversion: Easy
RESTAURANT
$500,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$435,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$435,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$425,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$370,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$84 / 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
$31,218
Tax year 2023
Assessed value
$948,940
Assessed 2024
Previous assessed
$948,940
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$176,750
Assessed improvement
$772,190
Land market value
$176,750
Improvement market value
$772,190
Total market value
$948,940
Applied tax rate
740.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2013
Heating
NONE
Stories
1
Total area
6,217 SF
Lot
1.01 ac (43,996 SF)
APN
8063650024
UPID
US25-1158257
Jurisdiction
CLINTON
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
MEDICAL BUILDING Current
Est. value
$395,000
COMMERCIAL (GENERAL)
Est. value
$560,000
RESTAURANT
Est. value
$500,000
OFFICE BUILDING
Est. value
$435,000
AUTO REPAIR, GARAGE
Est. value
$435,000
WAREHOUSE, STORAGE
Est. value
$425,000
INDUSTRIAL (GENERAL)
Est. value
$370,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (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
2013
Heating
NONE
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Gateway Leasing Corp
Entity
Mailing address
345 5TH AVE S, CLINTON, IA 52732-4510
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jan 22, 2026
—
Mash LLC
—
Deed
related
$529,763 · Clinton National Bank
Nov 20, 2020
—
Mash LLC
—
Deed
related
$640,100 · Citizens First Bank
Jul 24, 2013
$145,000
Gateway Leasing Corp
Valley Bluff Corp
Warranty Deed
—
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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