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Property profile & analytics
FOR LEASE
Flex space
2740 Stoner Ct North Liberty, IA 52317
Trust Owned
Absentee Owner
~
Est. High Equity
Property ID
US25-2309962
For Lease
1 / 5
$6,098/Mo
2740 Stoner Ct, North Liberty, IA 52317
View Listing →
Property summary
AI-generated overview
This exceptional 5,600-square-foot flex space, situated on a 2.3-acre lot in North Liberty, Iowa, presents a unique opportunity. Built in 2005, the single-tenant building boasts a 20-foot ceiling height, four drive-in doors (allowing for convenient drive-through access), and 600 amps of power. The property features a heated service area with a waste oil-fueled in-floor heating system, office areas with HVAC, and a storage mezzanine. A grease trap with separator is also included. The building's strategic location directly faces I-380, experiencing high daily traffic volume (54,400 vehicles). The expansive 60,000-square-foot reinforced concrete lot provides ample space for display or storage. Utilities include North Liberty water and sewer, gas, and Southslope high-speed fiber. The property is zoned I1 and is available for lease. Note that an adjacent 2.9-acre lot is also available for lease or build-to-suit, offering potential for expansion. This property is ideal for a truck sales or repair facility.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2005
Total area
5,600 SF
Lot
5.19 ac (226,076 SF)
APN
610452007
UPID
US25-2309962
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
-
Brown NationaLease Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$706k
Blend (final)
Blend
$695k
Owner & transaction history
Ruth A Boyer Revocable Living Trust
Ruth A Boyer Revocable Living Trust
since 2026
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.0M
+95.8%
Retail stores
$880,000
+68.4%
Office building
$720,000
+38.0%
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 North Liberty submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Liberty 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
$560,000
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$515,000
7%
$480,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$525,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,025,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$880,000
Change: +68% · Conversion: Moderate
OFFICE BUILDING
$720,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$605,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$124 / 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
$40,080
Tax year 2023
Assessed value
$1,292,800
Assessed 2024
Previous assessed
$1,292,800
+0.0% YoY
Effective rate
3.10%
On assessed value
Assessed land
$933,800
Assessed improvement
$359,000
Land market value
$933,800
Improvement market value
$359,000
Total market value
$1,292,800
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2005
Stories
1
Total area
5,600 SF
Lot
5.19 ac (226,076 SF)
APN
610452007
UPID
US25-2309962
Jurisdiction
JOHNSON
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
INDUSTRIAL (GENERAL) Current
Est. value
$525,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RETAIL STORES
Est. value
$880,000
OFFICE BUILDING
Est. value
$720,000
COMMERCIAL (GENERAL)
Est. value
$615,000
WAREHOUSE, STORAGE
Est. value
$605,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2005
Stories
1
Lot
5.19 ac
Current owner
From public records · entity-resolved
Ruth A Boyer Revocable Living Trust
Trust
Mailing address
1515 18TH ST SW, MASON CITY, IA 50401-5605
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
May 8, 2026
—
Ruth A Boyer Revocable Living Trust
Boyer Ruth
Deed
related
—
May 7, 2026
—
Ruth A Boyer Revocable Living Trust
Boyer Ruth
Warranty Deed
related
—
Feb 9, 2026
—
Ruth A Boyer
B & R Properties Lc
Warranty Deed
—
Apr 4, 2018
—
B & R Properties Lc
—
Deed
related
$450,000 · Nsb 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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