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Property profile & analytics
OFF-MARKET
Retail space
27 4th St Spencer, IA 51301-4010
Individually Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0491209
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1888
Construction
FRAME
Total area
4,032 SF
Lot
0.05 ac (2,268 SF)
Zoning code
CBD CENTRAL B
APN
963607388016
UPID
US25-0491209
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
-
Limitless Art and Iron Tattoo Tattoo & Piercing Shop
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
Schooley Shire · 9 yrs held
Schooley Shire
since 2016
4 recorded transactions
Zoning & alternative use
CBD CENTRAL B · Spencer, IA
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 Spencer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spencer 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
$2,632
Tax year 2023
Assessed value
$151,960
Assessed 2024
Previous assessed
$151,960
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$19,150
Assessed improvement
$132,810
Land market value
$19,150
Improvement market value
$132,810
Total market value
$151,960
Applied tax rate
683.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1888
Construction
FRAME
Heating
NONE
Stories
2
Total area
4,032 SF
Lot
0.05 ac (2,268 SF)
Zoning code
CBD CENTRAL B
APN
963607388016
UPID
US25-0491209
Jurisdiction
CLAY
Zoning & alternative use
CBD CENTRAL B · Spencer, IA
Zoning CBD CENTRAL B · permitted uses
CBD CENTRAL B · Spencer, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spencer. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1888
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Schooley Shire
Individual
Free & Clear · 9 yrs held
Mailing address
416 S GRAND AVE, SPENCER, IA 51301-5319
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2023
—
Shire S Schooley
—
Deed
related
$340,000 · Farmers Trust & Savings Bank
Oct 7, 2016
$115,000
Schooley Shire
Daniel Jorgensen
Warranty Deed
—
Apr 29, 2010
$100,000
Daniel Jorgensen
Ltj LLC
Corporation Deed
$90,000 · State Bank
Jan 16, 2007
$46,000
Ltj LLC
Gary Phillips
Legal Action/court Order
related
$47,309 · State Bank
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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