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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Warehouses
2675 9th St Carter Lake, IA 51510-1575
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2565362
Property summary
AI-generated overview
This exceptional single-story warehouse, located at 2675 N 9th St, Carter Lake, IA 51510, offers 30,000 square feet of space, with 20,000 square feet currently available for lease. Built in 2001, the property sits on a generous 1.89-acre lot and boasts a convenient single-tenant occupancy. The warehouse features an impressive 18-foot ceiling height, providing ample vertical space for storage or operations. Efficient loading and unloading are ensured with six loading docks and three drive-in doors. Parking is readily available with a 3:1,000 ratio. Its strategic location offers easy access to Downtown Omaha and Eppley Airfield, making it an attractive option for businesses needing convenient transportation links. This property presents a unique opportunity for businesses seeking a functional and well-located warehouse space in the Carter Lake area. The building's single-story design and ample parking further enhance its practicality and appeal. The substantial vacant space allows for customization to meet specific operational needs. Don't miss this chance to secure a prime industrial property in a thriving location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
30,000 SF
Lot
1.89 ac (82,328 SF)
APN
7544 21 301 001
UPID
US25-2565362
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
-
OnTrac Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.08M
CAP Approach
CAP
$2.54M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$2.05M
Owner & transaction history
2675 N 9th Street LLC · 6 yrs held
2675 N 9th Street LLC
since 2020
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+5.8%
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 Carter Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carter Lake 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
$2,300,000
ML approach
$2,080,000
CAP Approach
CAP Return
Estimation
6%
$2,750,000
6.5%
$2,540,000
7%
$2,360,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,350,000
Current use
RETAIL STORES
$1,430,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±10% · vs last sale $1.68M (Apr 8 2020)
Last sale anchor
$1.68M
Apr 8 2020
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
$68 / 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
$41,870
Tax year 2023
Assessed value
$1,407,200
Assessed 2024
Previous assessed
$1,407,200
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$108,400
Assessed improvement
$1,298,800
Land market value
$108,400
Improvement market value
$1,298,800
Total market value
$1,407,200
Applied tax rate
5.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
30,000 SF
Lot
1.89 ac (82,328 SF)
APN
7544 21 301 001
UPID
US25-2565362
Jurisdiction
POTTAWATTAMIE
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
$1.4M
RETAIL STORES
Est. value
$1.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
2675 N 9th Street LLC
Entity
Mailing address
11516 MIRACLE HLS DR STE #400, OMAHA, NE 68154-4479
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Apr 15, 2025
—
2675 N 9th Street LLC
—
Deed
related
$1,350,000 · Dundee Bank
Apr 8, 2020
$1,682,500
2675 N 9th Street LLC
Lake Resources LLC
Special Warranty Deed
$1,320,000 · Cogent Bank
Dec 29, 2008
$700,000
Lake Resources LLC
Bankers Trust Company NA
Warranty Deed
$750,000 · Umb Bank NA
Nov 13, 2007
—
Bankers Trust Co NA
Lincoln Street LLC
Warranty Deed
related
—
Oct 17, 2005
—
Lincoln Street LLC
O & P Warehouse LLC
Warranty Deed
$850,000 · Bankers 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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