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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Warehouses
3214 16th Ave Eldridge, IA 52748-9363
Entity Owned
6-yr Hold
Property ID
US25-0708732
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Total area
3,600 SF
Lot
3.17 ac (137,955 SF)
APN
932449202
UPID
US25-0708732
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
-
Blackhawk Trail Storage Storage Facility
-
Driveway Detailing Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
$500k
Blend (final)
Blend
$510k
Owner & transaction history
Maximum Storage LLC · 6 yrs held
Maximum Storage LLC
since 2020
Last sale
$320,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$635,000
+121.4%
Auto repair, garage
$590,000
+106.5%
Neighborhood: shopping center
$555,000
+94.5%
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 Eldridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eldridge 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
$500,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$580,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$635,000
Change: +121% · Conversion: Difficult
AUTO REPAIR, GARAGE
$590,000
Change: +106% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$555,000
Change: +94% · Conversion: Moderate
OFFICE BUILDING
$465,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$425,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$340,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $320k (Jul 20 2020)
Last sale anchor
$320k
Jul 20 2020
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
$142 / 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
$59,326
Tax year 2023
Assessed value
$2,517,800
Assessed 2024
Previous assessed
$2,517,800
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$390,200
Assessed improvement
$2,127,600
Land market value
$390,200
Improvement market value
$2,127,600
Total market value
$2,517,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Heating
NONE
Buildings
7
Stories
1
Total area
3,600 SF
Lot
3.17 ac (137,955 SF)
APN
932449202
UPID
US25-0708732
Jurisdiction
SCOTT
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
MEDICAL BUILDING
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$555,000
OFFICE BUILDING
Est. value
$465,000
COMMERCIAL (GENERAL)
Est. value
$425,000
RETAIL STORES
Est. value
$340,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
2022
Heating
NONE
Stories
1
Buildings
7
Lot
3.17 ac
Current owner
From public records · entity-resolved
Maximum Storage LLC
Entity
Mailing address
PO BOX 222, LONG GROVE, IA 52756-0222
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
—
Maximum Storage LLC
—
Deed
related
$2,500,000 · First Trust & Savings Bank
Jul 20, 2020
$320,000
Maximum Storage LLC
Discovery Learning Center LLC
Warranty Deed
—
Dec 27, 2018
—
Discovery Learning Ctr
—
Deed
related
$156,300 · Fortress Bank
Jan 30, 2008
$899,000
Vmi Black Hawk Hills/terrace Ridge
A & G Holdings LLC
Warranty Deed
—
Oct 18, 2007
—
A & G Holdings LLC
Cedar Holdings LLC
Warranty Deed
—
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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