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Property profile & analytics
OFF-MARKET
Estimated value
$14,025,000
Retail space
3319 5th S Ave Fort Dodge, IA 50501-6404
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-0650066
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
192,060 SF
Lot
16.14 ac (703,015 SF)
APN
727102004
UPID
US25-0650066
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
-
Menards Building Supply Hardware & Home Improvement
-
Blue Rhino Propane Supplier
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.73M
Blend (final)
Blend
$14.03M
Owner & transaction history
MENARD INC CORPORATE ACCOUNTING
MENARD INC CORPORATE ACCOUNTING
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.4M
+67.5%
Restaurant
$16.1M
+64.2%
Office building
$15.5M
+58.3%
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 Fort Dodge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Dodge 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,780,000
Current use
COMMERCIAL (GENERAL)
$16,385,000
Change: +68% · Conversion: Easy
RESTAURANT
$16,060,000
Change: +64% · Conversion: Easy
OFFICE BUILDING
$15,480,000
Change: +58% · Conversion: Easy
MEDICAL BUILDING
$14,030,000
Change: +43% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,805,000
Change: +41% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,015,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$14.03M
Range $12.62M – $15.43M · ±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
$73 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$376,224
Tax year 2022
Assessed value
$9,400,000
Assessed 2023
Previous assessed
$9,987,140
-5.9% YoY
Effective rate
4.00%
On assessed value
Assessed land
$629,340
Assessed improvement
$8,770,660
Land market value
$629,340
Improvement market value
$8,770,660
Total market value
$9,400,000
Applied tax rate
1,000.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Heating
NONE
Buildings
2
Stories
1
Total area
192,060 SF
Lot
16.14 ac (703,015 SF)
APN
727102004
UPID
US25-0650066
Jurisdiction
WEBSTER
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
RETAIL STORES Current
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$16.4M
RESTAURANT
Est. value
$16.1M
OFFICE BUILDING
Est. value
$15.5M
MEDICAL BUILDING
Est. value
$14.0M
WAREHOUSE, STORAGE
Est. value
$13.8M
INDUSTRIAL (GENERAL)
Est. value
$11.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1998
Heating
NONE
Stories
1
Buildings
2
Lot
16.14 ac
Current owner
From public records · entity-resolved
MENARD INC CORPORATE ACCOUNTING
Entity
Free & Clear · 0 yrs held
Mailing address
4777 MENARD DR, EAU CLAIRE, WI 54703-9604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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