Individually Owned Property summary
AI-generated overview
The property at 3105 W 18th Street, Spencer, Iowa is a metal warehouse building designed to support warehouse/storage use together with an office area and restroom. It includes HVAC and is serviced by three overhead doors providing loading and service access. The building is situated on a large lot that supports day-to-day operational needs and can accommodate equipment or additional storage beyond the enclosed structure. The interior configuration provides practical separation between office/administrative space and warehouse/storage areas, making it suitable for contractors, trades, light industrial activities, or storage-oriented operations requiring straightforward overhead-door access and basic office and restroom amenities.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
FRAME
Total area
2,976 SF
Lot
1.5 ac (65,340 SF)
Zoning code
I-2 HEAVY INDUSTRIAL
APN
963702300004
UPID
US25-0939867
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$305k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$320k
Owner & transaction history
since 2024
2 recorded transactions
Zoning & alternative use
I-2 HEAVY INDUSTRIAL · Spencer, IA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$320k
Value range
$288k – $352k
±10% around blend
Estimated value / SF
$108 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$288k
blend $320k
$352k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,976 SF
Lot area
1.5 ac
Year built
1977
Stories
1
APN
963702300004
Zoning
I-2 HEAVY INDUSTRIAL
Assessed value
$143,210
Annual tax
$1,574
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$320k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 33 sales
$41
+163%
Submarket 33 sales
$41
+163%
County 33 sales
$41
+163%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $108/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$143k
Move the market yield to see immediate price impact.
Value / SF
$48
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$9k
$180k
$129k
$100k
$10k
$201k
$143k
$111k
$11k
$221k
$158k
$123k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,574
Tax year 2023
Assessed value
$143,210
Assessed 2024
Previous assessed
$143,210
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$49,450
Assessed improvement
$93,760
Land market value
$49,450
Improvement market value
$93,760
Total market value
$143,210
Applied tax rate
160.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
FRAME
Heating
NONE
Stories
1
Total area
2,976 SF
Lot
1.5 ac (65,340 SF)
Zoning code
I-2 HEAVY INDUSTRIAL
APN
963702300004
UPID
US25-0939867
Jurisdiction
CLAY
Zoning & alternative use
I-2 HEAVY INDUSTRIAL · Spencer, IAZoning I-2 HEAVY INDUSTRIAL · permitted uses
I-2 HEAVY INDUSTRIAL · Spencer, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1977
Construction
FRAME
Heating
NONE
Stories
1
Lot
1.5 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I-2 HEAVY INDUSTRIAL
Jurisdiction
Spencer, IA
Recorded code
I-2 HEAVY INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-2 HEAVY INDUSTRIAL in Spencer, IA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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