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Property profile & analytics
OFF-MARKET
Specialty properties

306 State St Williamsburg, IA 52361-9700

4,549 SF 0.29 ac lot Built 1970
Entity Owned 5-yr Hold Free & Clear
Property ID
US25-0104922
Property summary
AI-generated overview

This exceptional Williamsburg investment property offers a unique blend of income streams, boasting over 5,300 square feet on a 0.29-acre corner lot in the thriving downtown area. Extensively renovated in 2022, the property currently comprises four leased commercial spaces, generating consistent rental income. Adding to its appeal are two additional income-producing garages rented for storage. A significant advantage is the inclusion of a fully furnished, two-bedroom apartment with a full bathroom and a stackable washer/dryer (new in 2023), currently operating as a successful Airbnb. This provides a diverse revenue stream and adds significant value to the overall investment. The property's prime location in the bustling downtown district ensures high visibility and accessibility for businesses and guests alike. This turnkey investment opportunity is ideal for those seeking a diversified portfolio with strong potential for both capital appreciation and passive income generation. The recent renovations ensure a modern and attractive environment for tenants and guests, minimizing ongoing maintenance needs. This property presents a rare chance to acquire a well-established, high-performing asset in a vibrant and growing community.

Property profile
Verified
Property type Specialty properties
Use group FUNERAL HOME
Year built 1970
Total area 4,549 SF
Lot 0.29 ac (12,632 SF)
APN 9056-0303-9
UPID US25-0104922
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
  • Miracle-Ear Hearing Aid Center Hearing Aid Store Hearing Aid Repair Service
  • Midwest Counseling Medical Clinic
  • Witte's Home Decorating Carpet & Flooring Store
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
Doehrmann Rentals LLC · 5 yrs held
Doehrmann Rentals LLC
since 2021
Last sale
$240,000
3 recorded transactions
2021
Price N/A
2012
$240,000
2010
$135,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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