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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Office buildings
310 Zeller St, North Liberty, IA 52317-4721
Entity Owned
1-yr Hold
Free & Clear
Property ID
US25-2387157
Property summary
AI-generated overview
This 5,976-square-foot flex space building in North Liberty, Iowa, presents a unique investment opportunity. Located at 310 W Zeller St, 52317, this single-story, 1966-built structure sits on a 0.79-acre lot and is zoned for industrial use. The building features a blend of office and warehouse space, with 8-foot ceilings in the office area and 16-foot ceilings in the warehouse. Parking is ample, with 12 spaces available. The property includes a private two-stall garage and a 100 kW generator, adding significant value. While three-phase electrical service is available at the pole, it's not currently connected to the building; however, connection is easily achievable. Situated near a major bike trail, this location is ideal for businesses seeking a blend of accessibility and a desirable location within one of Eastern Iowa's fastest-growing cities. The city is open to working with buyers on potential repurposing of the property. This property offers a versatile space with significant potential for a variety of uses. The building consists of one unit.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
STEEL FRAME
Total area
5,976 SF
Lot
0.79 ac (34,538 SF)
APN
612451011
UPID
US25-2387157
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
-
ViraQuest Inc Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$731k
Blend (final)
Blend
$865k
Owner & transaction history
Ucd Holdings LLC · 1 yrs held
Ucd Holdings LLC
since 2025
Last sale
$950,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+41.9%
Retail stores
$940,000
+22.0%
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
$850,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
$1,220,000
6.5%
$1,125,000
7%
$1,045,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$770,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,095,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$940,000
Change: +22% · Conversion: Moderate
COMMERCIAL (GENERAL)
$655,000
Change: -15% · Conversion: Easy
WAREHOUSE, STORAGE
$645,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $950k (May 15 2025)
Last sale anchor
$950k
May 15 2025
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
$145 / 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
$11,974
Tax year 2023
Assessed value
$439,200
Assessed 2024
Previous assessed
$439,200
+0.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$207,200
Assessed improvement
$232,000
Land market value
$207,200
Improvement market value
$232,000
Total market value
$439,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Stories
1
Total area
5,976 SF
Lot
0.79 ac (34,538 SF)
APN
612451011
UPID
US25-2387157
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
OFFICE BUILDING Current
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$940,000
COMMERCIAL (GENERAL)
Est. value
$655,000
WAREHOUSE, STORAGE
Est. value
$645,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1966
Construction
STEEL FRAME
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Ucd Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 525, NORTH LIBERTY, IA 52317-0525
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Oct 10, 2025
—
Ucd Holdings LLC
—
Deed
related
$2,260,000 · Ohnward Bank & Trust Co
May 15, 2025
$950,000
Ucd Holdings LLC
Lifetime Research LLC
Warranty Deed
—
Jul 5, 2007
$375,000
Lifetime Research LLC
Bio Research Products INC
Warranty Deed
$300,000 · Hills Bank And 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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